Sea Limited (NYSE:SE) Shares Bought by Envestnet Portfolio Solutions Inc.

Envestnet Portfolio Solutions Inc. boosted its stake in Sea Limited (NYSE:SE - Free Report) by 67.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 41,269 shares of the Internet company based in Singapore's stock after purchasing an additional 16,586 shares during the period. Envestnet Portfolio Solutions Inc.'s holdings in SEA were worth $4,379,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in SE. Long Walk Management LP grew its position in SEA by 12.0% in the fourth quarter. Long Walk Management LP now owns 341,750 shares of the Internet company based in Singapore's stock valued at $36,260,000 after acquiring an additional 36,750 shares in the last quarter. Natixis Advisors LLC boosted its stake in shares of SEA by 52.4% in the fourth quarter. Natixis Advisors LLC now owns 391,904 shares of the Internet company based in Singapore's stock valued at $41,581,000 after purchasing an additional 134,674 shares during the period. LBP AM SA grew its holdings in SEA by 12.8% during the 4th quarter. LBP AM SA now owns 10,600 shares of the Internet company based in Singapore's stock valued at $1,125,000 after purchasing an additional 1,200 shares in the last quarter. Commonwealth Equity Services LLC increased its stake in SEA by 46.4% during the 4th quarter. Commonwealth Equity Services LLC now owns 18,664 shares of the Internet company based in Singapore's stock worth $1,980,000 after buying an additional 5,918 shares during the period. Finally, Skandinaviska Enskilda Banken AB publ lifted its holdings in SEA by 20.9% in the 4th quarter. Skandinaviska Enskilda Banken AB publ now owns 60,821 shares of the Internet company based in Singapore's stock worth $6,537,000 after buying an additional 10,500 shares in the last quarter. 59.53% of the stock is currently owned by institutional investors and hedge funds.

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Analyst Ratings Changes

Several analysts have recently weighed in on SE shares. Jefferies Financial Group raised their target price on SEA from $131.00 to $157.00 and gave the company a "buy" rating in a research note on Tuesday, March 4th. Barclays raised their price objective on SEA from $148.00 to $182.00 and gave the company an "overweight" rating in a research note on Friday, March 7th. Sanford C. Bernstein set a $145.00 price objective on SEA and gave the stock an "outperform" rating in a report on Wednesday, March 5th. Phillip Securities upgraded SEA from a "moderate sell" rating to a "hold" rating in a research note on Friday, March 7th. Finally, UBS Group lifted their price target on shares of SEA from $135.00 to $176.00 and gave the stock a "buy" rating in a research note on Friday, March 7th. Three equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $116.67.

SEA Stock Performance

Shares of NYSE:SE traded down $1.08 during trading on Friday, reaching $126.01. 3,154,406 shares of the company's stock traded hands, compared to its average volume of 4,408,186. The stock has a market capitalization of $72.12 billion, a P/E ratio of 840.04 and a beta of 1.61. Sea Limited has a 12 month low of $51.70 and a 12 month high of $147.73. The company has a 50 day moving average of $125.30 and a 200-day moving average of $109.41. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.62 and a quick ratio of 1.60.

SEA 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.