Fox Run Management L.L.C. Purchases Shares of 16,181 Sea Limited (NYSE:SE)

Fox Run Management L.L.C. purchased a new position in Sea Limited (NYSE:SE - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 16,181 shares of the Internet company based in Singapore's stock, valued at approximately $1,717,000. SEA comprises about 0.3% of Fox Run Management L.L.C.'s investment portfolio, making the stock its 29th largest position.

Several other large investors have also recently modified their holdings of SE. Caprock Group LLC bought a new stake in shares of SEA during the third quarter valued at approximately $267,000. B. Metzler seel. Sohn & Co. Holding AG purchased a new stake in shares of SEA during the third quarter valued at approximately $707,000. PNC Financial Services Group Inc. boosted its position in shares of SEA by 322.8% during the third quarter. PNC Financial Services Group Inc. now owns 37,327 shares of the Internet company based in Singapore's stock valued at $3,519,000 after buying an additional 28,499 shares during the last quarter. First Horizon Advisors Inc. increased its position in SEA by 248.3% during the third quarter. First Horizon Advisors Inc. now owns 700 shares of the Internet company based in Singapore's stock valued at $66,000 after acquiring an additional 499 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its position in shares of SEA by 9.8% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 271,747 shares of the Internet company based in Singapore's stock valued at $25,620,000 after acquiring an additional 24,216 shares during the period. Hedge funds and other institutional investors own 59.53% of the company's stock.

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SEA Price Performance

Shares of NYSE SE traded down $1.07 during trading on Wednesday, reaching $129.23. The company had a trading volume of 3,535,150 shares, compared to its average volume of 4,399,106. 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 market capitalization of $73.96 billion, a PE ratio of 861.53 and a beta of 1.62. Sea Limited has a twelve month low of $51.70 and a twelve month high of $147.73. The stock has a 50-day moving average price of $126.53 and a two-hundred day moving average price of $110.72.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the stock. Benchmark raised their target price on shares of SEA from $130.00 to $150.00 and gave the company a "buy" rating in a research note on Wednesday, March 5th. Arete Research upgraded shares of SEA to a "strong-buy" rating in a research note on Sunday. Jefferies Financial Group raised 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. Barclays raised their price objective on SEA from $148.00 to $182.00 and gave the company an "overweight" rating in a research report on Friday, March 7th. Finally, Sanford C. Bernstein set a $145.00 price target on SEA and gave the company an "outperform" rating in a research note on Wednesday, March 5th. Three investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $116.67.

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.