169,620 Shares in Sea Limited (NYSE:SE) Bought by Contrarius Group Holdings Ltd

Contrarius Group Holdings Ltd acquired a new position in shares of Sea Limited (NYSE:SE - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 169,620 shares of the Internet company based in Singapore's stock, valued at approximately $17,997,000. SEA makes up approximately 1.1% of Contrarius Group Holdings Ltd's investment portfolio, making the stock its 21st largest holding.

Several other large investors also recently added to or reduced their stakes in the company. Private Trust Co. NA lifted its position in shares of SEA by 474.4% in the fourth quarter. Private Trust Co. NA now owns 247 shares of the Internet company based in Singapore's stock worth $26,000 after purchasing an additional 204 shares in the last quarter. Kestra Investment Management LLC acquired a new position in SEA in the 4th quarter valued at approximately $34,000. Farther Finance Advisors LLC lifted its position in SEA by 43.8% in the 4th quarter. Farther Finance Advisors LLC now owns 368 shares of the Internet company based in Singapore's stock worth $39,000 after buying an additional 112 shares in the last quarter. Truvestments Capital LLC acquired a new stake in shares of SEA during the 3rd quarter valued at $41,000. Finally, Icon Wealth Advisors LLC acquired a new stake in shares of SEA during the 3rd quarter valued at $47,000. 59.53% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on SE. Phillip Securities raised shares of SEA from a "moderate sell" rating to a "hold" rating in a research note on Friday, March 7th. Sanford C. Bernstein set a $145.00 target price on SEA and gave the stock an "outperform" rating in a research report on Wednesday, March 5th. Jefferies Financial Group raised their price target on SEA from $131.00 to $157.00 and gave the stock a "buy" rating in a research note on Tuesday, March 4th. JPMorgan Chase & Co. boosted their price target on SEA from $133.00 to $160.00 and gave the company an "overweight" rating in a research note on Wednesday, March 5th. Finally, UBS Group raised their price objective on shares of SEA from $135.00 to $176.00 and gave the company a "buy" rating in a research report on Friday, March 7th. Three analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $116.67.

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SEA Stock Performance

Shares of NYSE:SE traded up $3.62 during midday trading on Monday, hitting $129.69. The company's stock had a trading volume of 3,183,476 shares, compared to its average volume of 4,405,622. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.60 and a current ratio of 1.62. The stock's 50 day simple moving average is $125.76 and its 200 day simple moving average is $110.21. The stock has a market capitalization of $74.23 billion, a price-to-earnings ratio of 864.63 and a beta of 1.62. Sea Limited has a fifty-two week low of $51.70 and a fifty-two week high of $147.73.

About SEA

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.