Commonwealth Equity Services LLC Purchases 5,918 Shares of Sea Limited (NYSE:SE)

Commonwealth Equity Services LLC lifted its holdings in shares of Sea Limited (NYSE:SE - Free Report) by 46.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 18,664 shares of the Internet company based in Singapore's stock after acquiring an additional 5,918 shares during the period. Commonwealth Equity Services LLC's holdings in SEA were worth $1,980,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of SE. WCM Investment Management LLC increased its position in shares of SEA by 22.8% during the fourth quarter. WCM Investment Management LLC now owns 25,663,667 shares of the Internet company based in Singapore's stock valued at $2,758,331,000 after acquiring an additional 4,761,289 shares during the last quarter. Perpetual Ltd raised its holdings in SEA by 3,033.0% during the 4th quarter. Perpetual Ltd now owns 2,098,003 shares of the Internet company based in Singapore's stock valued at $222,598,000 after acquiring an additional 2,031,038 shares during the period. CoreView Capital Management Ltd lifted its holdings in SEA by 341.1% during the 3rd quarter. CoreView Capital Management Ltd now owns 1,996,376 shares of the Internet company based in Singapore's stock worth $188,218,000 after purchasing an additional 1,543,743 shares in the last quarter. Baillie Gifford & Co. lifted its holdings in shares of SEA by 3.5% in the fourth quarter. Baillie Gifford & Co. now owns 40,954,549 shares of the Internet company based in Singapore's stock worth $4,345,278,000 after buying an additional 1,390,531 shares in the last quarter. Finally, Ninety One UK Ltd boosted its holdings in SEA by 1,673.2% in the 4th quarter. Ninety One UK Ltd now owns 1,243,888 shares of the Internet company based in Singapore's stock valued at $131,977,000 after purchasing an additional 1,173,738 shares during the period. 59.53% of the stock is owned by hedge funds and other institutional investors.

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SEA Stock Performance

Shares of NYSE:SE traded down $2.61 during trading on Friday, hitting $130.96. The company's stock had a trading volume of 3,271,184 shares, compared to its average volume of 4,576,118. Sea Limited has a 12 month low of $51.70 and a 12 month high of $147.73. The firm has a market cap of $74.95 billion, a price-to-earnings ratio of 873.05 and a beta of 1.62. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.62 and a quick ratio of 1.60. The company has a 50-day moving average of $127.28 and a 200-day moving average of $111.49.

Analyst Upgrades and Downgrades

A number of research firms have commented on SE. Sanford C. Bernstein set a $145.00 price target on shares of SEA and gave the stock an "outperform" rating in a research note on Wednesday, March 5th. Barclays lifted their price target 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 upgraded shares of SEA to a "strong-buy" rating in a report on Sunday, March 23rd. Benchmark raised their price objective on SEA from $130.00 to $150.00 and gave the company a "buy" rating in a research report on Wednesday, March 5th. Finally, Phillip Securities upgraded shares of SEA from a "moderate sell" rating to a "hold" rating in a research note on Friday, March 7th. Three 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 company's stock. Based on data from MarketBeat.com, SEA currently has an average rating of "Moderate Buy" and a consensus price target of $116.67.

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.