Greenland Capital Management LP Makes New Investment in Sea Limited (NYSE:SE)

Greenland Capital Management LP purchased a new position in Sea Limited (NYSE:SE - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 4,535 shares of the Internet company based in Singapore's stock, valued at approximately $481,000.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Norges Bank acquired a new position in shares of SEA in the 4th quarter valued at about $1,493,682,000. WCM Investment Management LLC lifted its position in SEA by 22.8% during the fourth quarter. WCM Investment Management LLC now owns 25,663,667 shares of the Internet company based in Singapore's stock valued at $2,758,331,000 after buying an additional 4,761,289 shares in the last quarter. Perpetual Ltd grew its stake in SEA by 3,033.0% during the fourth quarter. Perpetual Ltd now owns 2,098,003 shares of the Internet company based in Singapore's stock worth $222,598,000 after buying an additional 2,031,038 shares during the period. Baillie Gifford & Co. increased its position in shares of SEA by 3.5% in the fourth quarter. Baillie Gifford & Co. now owns 40,954,549 shares of the Internet company based in Singapore's stock worth $4,345,278,000 after acquiring an additional 1,390,531 shares in the last quarter. Finally, Ninety One UK Ltd raised its stake in shares of SEA by 1,673.2% in the 4th quarter. Ninety One UK Ltd now owns 1,243,888 shares of the Internet company based in Singapore's stock valued at $131,977,000 after acquiring an additional 1,173,738 shares during the period. Institutional investors and hedge funds own 59.53% of the company's stock.

SEA Stock Performance

NYSE SE traded up $1.12 during trading hours on Monday, reaching $118.93. The company's stock had a trading volume of 1,640,381 shares, compared to its average volume of 4,885,230. 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 business has a 50-day simple moving average of $126.87 and a 200 day simple moving average of $114.20. The stock has a market cap of $68.07 billion, a PE ratio of 792.87 and a beta of 1.73. Sea Limited has a 52 week low of $51.70 and a 52 week high of $147.73.

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Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on SE shares. Sanford C. Bernstein set a $145.00 price target on shares of SEA and gave the stock an "outperform" rating in a research report on Wednesday, March 5th. Arete Research raised SEA to a "strong-buy" rating in a research report on Sunday, March 23rd. Loop Capital raised their target price on SEA from $135.00 to $165.00 and gave the company a "buy" rating in a report on Monday, March 31st. UBS Group upped their price target on SEA from $135.00 to $176.00 and gave the stock a "buy" rating in a report on Friday, March 7th. Finally, Phillip Securities raised shares of SEA from a "moderate sell" rating to a "hold" rating in a research report on Friday, March 7th. Three 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 company's stock. According to data from MarketBeat.com, SEA currently has an average rating of "Moderate Buy" and a consensus price target of $121.40.

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.