21,983 Shares in Sea Limited (NYSE:SE) Purchased by ExodusPoint Capital Management LP

ExodusPoint Capital Management LP bought a new position in shares of Sea Limited (NYSE:SE - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm bought 21,983 shares of the Internet company based in Singapore's stock, valued at approximately $2,332,000.

A number of other institutional investors have also made changes to their positions in the company. HighTower Advisors LLC increased its position in SEA by 160.3% in the third quarter. HighTower Advisors LLC now owns 38,836 shares of the Internet company based in Singapore's stock worth $3,669,000 after buying an additional 23,914 shares during the period. Integrated Wealth Concepts LLC increased its holdings in shares of SEA by 2.6% in the 3rd quarter. Integrated Wealth Concepts LLC now owns 6,357 shares of the Internet company based in Singapore's stock worth $599,000 after acquiring an additional 160 shares during the period. Quantinno Capital Management LP increased its holdings in shares of SEA by 32.1% in the 3rd quarter. Quantinno Capital Management LP now owns 12,458 shares of the Internet company based in Singapore's stock worth $1,175,000 after acquiring an additional 3,026 shares during the period. Stifel Financial Corp lifted its position in SEA by 132.8% in the 3rd quarter. Stifel Financial Corp now owns 155,799 shares of the Internet company based in Singapore's stock valued at $14,689,000 after purchasing an additional 88,886 shares during the last quarter. Finally, Insigneo Advisory Services LLC acquired a new position in SEA during the 3rd quarter valued at about $236,000. 59.53% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

SE has been the topic of a number of recent analyst reports. Arete Research raised SEA to a "strong-buy" rating in a report on Sunday, March 23rd. JPMorgan Chase & Co. lifted their target price on SEA from $133.00 to $160.00 and gave the company an "overweight" rating in a research note on Wednesday, March 5th. Phillip Securities raised SEA from a "moderate sell" rating to a "hold" rating in a research note on Friday, March 7th. Barclays lifted their price objective on shares of SEA from $148.00 to $182.00 and gave the company an "overweight" rating in a research note on Friday, March 7th. Finally, Jefferies Financial Group increased their target price on shares of SEA from $131.00 to $157.00 and gave the company a "buy" rating in a research report on Tuesday, March 4th. Three research analysts have rated the stock with a hold rating, eleven have given a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $121.40.

Remove Ads

SEA Price Performance

SE stock traded up $2.58 on Friday, hitting $117.86. 4,396,578 shares of the company's stock traded hands, compared to its average volume of 4,721,022. The stock has a market cap of $67.46 billion, a price-to-earnings ratio of 785.73 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 company has a current ratio of 1.62, a quick ratio of 1.60 and a debt-to-equity ratio of 0.36. The stock has a fifty day moving average of $126.87 and a 200-day moving average of $114.07.

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.