CIBC Private Wealth Group LLC Grows Holdings in Sea Limited (NYSE:SE)

CIBC Private Wealth Group LLC grew its holdings in Sea Limited (NYSE:SE - Free Report) by 59,055.6% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 5,324 shares of the Internet company based in Singapore's stock after buying an additional 5,315 shares during the period. CIBC Private Wealth Group LLC's holdings in SEA were worth $582,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Perpetual Ltd boosted its stake in SEA by 3,033.0% during the fourth quarter. Perpetual Ltd now owns 2,098,003 shares of the Internet company based in Singapore's stock worth $222,598,000 after buying an additional 2,031,038 shares during the period. Ninety One UK Ltd lifted its stake in SEA by 1,673.2% in the fourth quarter. Ninety One UK Ltd now owns 1,243,888 shares of the Internet company based in Singapore's stock worth $131,977,000 after acquiring an additional 1,173,738 shares during the last quarter. M&T Bank Corp raised its holdings in SEA by 2,163.9% during the third quarter. M&T Bank Corp now owns 74,505 shares of the Internet company based in Singapore's stock worth $7,024,000 after purchasing an additional 71,214 shares in the last quarter. SeaTown Holdings Pte. Ltd. acquired a new stake in SEA during the fourth quarter worth approximately $4,821,000. Finally, Geode Capital Management LLC raised its holdings in SEA by 4.2% during the third quarter. Geode Capital Management LLC now owns 3,059,521 shares of the Internet company based in Singapore's stock worth $283,543,000 after purchasing an additional 124,433 shares in the last quarter. 59.53% of the stock is currently owned by institutional investors and hedge funds.

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SEA Price Performance

Shares of NYSE SE traded down $2.30 during trading on Thursday, hitting $116.79. 1,325,279 shares of the company were exchanged, compared to its average volume of 4,704,656. The company has a market cap of $66.84 billion, a price-to-earnings ratio of 780.17 and a beta of 1.73. Sea Limited has a 1 year low of $51.70 and a 1 year high of $147.73. The firm's fifty day moving average price is $127.10 and its 200 day moving average price is $113.75. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.62 and a quick ratio of 1.60.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on SE shares. Barclays lifted their target price on shares of SEA from $148.00 to $182.00 and gave the company an "overweight" rating in a report on Friday, March 7th. Arete Research raised shares of SEA to a "strong-buy" rating in a report on Sunday, March 23rd. Loop Capital lifted their target price on shares of SEA from $135.00 to $165.00 and gave the company a "buy" rating in a report on Monday, March 31st. Jefferies Financial Group boosted their price objective on shares of SEA from $131.00 to $157.00 and gave the company a "buy" rating in a research note on Tuesday, March 4th. Finally, Sanford C. Bernstein set a $145.00 price objective on shares of SEA and gave the company an "outperform" rating in a research note on Wednesday, March 5th. Three equities research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, SEA currently has an average rating of "Moderate Buy" and an average target price of $121.40.

SEA Company Profile

Sea Ltd. is an internet and mobile platform company, which engages in the provision of online gaming services. It operates through the following segments: Digital Entertainment, E-Commerce, and Digital Financial Services. The Digital Entertainment segment offers and develops mobile and PC online games.