GQG Partners LLC Acquires New Holdings in Sea Limited (NYSE:SE)

GQG Partners LLC bought a new stake in shares of Sea Limited (NYSE:SE - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund bought 269,444 shares of the Internet company based in Singapore's stock, valued at approximately $28,588,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Baillie Gifford & Co. increased its holdings in shares of SEA by 3.5% during the fourth quarter. Baillie Gifford & Co. now owns 40,954,549 shares of the Internet company based in Singapore's stock valued at $4,345,278,000 after purchasing an additional 1,390,531 shares during the period. WCM Investment Management LLC raised its position in shares of SEA by 22.8% during the 4th quarter. WCM Investment Management LLC now owns 25,663,667 shares of the Internet company based in Singapore's stock worth $2,758,331,000 after buying an additional 4,761,289 shares in the last quarter. Geode Capital Management LLC boosted its holdings in shares of SEA by 4.2% in the third quarter. Geode Capital Management LLC now owns 3,059,521 shares of the Internet company based in Singapore's stock valued at $283,543,000 after acquiring an additional 124,433 shares in the last quarter. William Blair Investment Management LLC increased its stake in shares of SEA by 32.5% during the fourth quarter. William Blair Investment Management LLC now owns 2,233,158 shares of the Internet company based in Singapore's stock valued at $236,928,000 after acquiring an additional 547,509 shares during the period. Finally, Sei Investments Co. raised its holdings in SEA by 12.7% during the fourth quarter. Sei Investments Co. now owns 2,181,685 shares of the Internet company based in Singapore's stock worth $231,474,000 after purchasing an additional 245,324 shares in the last quarter. Institutional investors own 59.53% of the company's stock.

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SEA Stock Down 2.0 %

SE traded down $2.61 on Friday, reaching $130.96. 3,271,184 shares of the company traded hands, compared to its average volume of 4,576,118. 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 has a market cap of $74.95 billion, a price-to-earnings ratio of 873.05 and a beta of 1.62. The stock's 50 day moving average price is $127.28 and its 200-day moving average price is $111.49.

Analysts Set New Price Targets

SE has been the topic of several research analyst reports. Arete Research upgraded SEA to a "strong-buy" rating in a research report on Sunday, March 23rd. UBS Group upped their price target on shares of SEA from $135.00 to $176.00 and gave the company a "buy" rating in a report on Friday, March 7th. Sanford C. Bernstein set a $145.00 price objective on shares of SEA and gave the stock an "outperform" rating in a research note on Wednesday, March 5th. Barclays increased their target price 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, JPMorgan Chase & Co. upped their price target on SEA from $133.00 to $160.00 and gave the company an "overweight" rating in a 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. According to data from MarketBeat.com, SEA has a consensus rating of "Moderate Buy" and a consensus target price of $116.67.

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.