Geode Capital Management LLC Grows Position in Sea Limited (NYSE:SE)

Geode Capital Management LLC boosted its holdings in shares of Sea Limited (NYSE:SE - Free Report) by 4.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,201,601 shares of the Internet company based in Singapore's stock after buying an additional 142,080 shares during the quarter. Geode Capital Management LLC owned approximately 0.56% of SEA worth $335,084,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the stock. Charles Schwab Investment Management Inc. lifted its position in 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 worth $25,620,000 after acquiring an additional 24,216 shares during the period. Edgestream Partners L.P. purchased a new position in shares of SEA during the third quarter worth $215,000. HighTower Advisors LLC lifted its position in SEA by 160.3% during the third quarter. HighTower Advisors LLC now owns 38,836 shares of the Internet company based in Singapore's stock valued at $3,669,000 after purchasing an additional 23,914 shares during the period. Janus Henderson Group PLC boosted its holdings in SEA by 24.6% in the third quarter. Janus Henderson Group PLC now owns 248,629 shares of the Internet company based in Singapore's stock valued at $23,437,000 after purchasing an additional 49,043 shares during the last quarter. Finally, Investment Management Corp of Ontario grew its position in SEA by 46.1% during the 3rd quarter. Investment Management Corp of Ontario now owns 12,048 shares of the Internet company based in Singapore's stock worth $1,136,000 after purchasing an additional 3,800 shares during the period. Hedge funds and other institutional investors own 59.53% of the company's stock.

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Analysts Set New Price Targets

SE has been the subject of several recent analyst reports. Arete Research upgraded SEA to a "strong-buy" rating in a research note on Sunday, March 23rd. Phillip Securities raised shares of SEA from a "moderate sell" rating to a "hold" rating in a research note on Friday, March 7th. Jefferies Financial Group lifted their target price on SEA from $131.00 to $157.00 and gave the company a "buy" rating in a research report on Tuesday, March 4th. Loop Capital increased their price target on SEA from $135.00 to $165.00 and gave the stock a "buy" rating in a report on Monday, March 31st. Finally, Benchmark upped their target price on shares of SEA from $130.00 to $150.00 and gave the company a "buy" rating in a research report on Wednesday, March 5th. Three investment 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 stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $121.40.

SEA Stock Performance

Shares of SE stock traded down $5.01 during midday trading on Thursday, hitting $114.08. The company had a trading volume of 1,715,793 shares, compared to its average volume of 4,895,275. Sea Limited has a 52-week low of $51.70 and a 52-week high of $147.73. 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's 50 day simple moving average is $127.10 and its 200 day simple moving average is $113.75. The stock has a market cap of $65.29 billion, a price-to-earnings ratio of 762.47 and a beta of 1.73.

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.