Greenwoods Asset Management Hong Kong Ltd. grew its holdings in shares of Sea Limited (NYSE:SE - Free Report) by 145.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 212,569 shares of the Internet company based in Singapore's stock after acquiring an additional 126,069 shares during the period. SEA accounts for approximately 0.7% of Greenwoods Asset Management Hong Kong Ltd.'s investment portfolio, making the stock its 19th biggest holding. Greenwoods Asset Management Hong Kong Ltd.'s holdings in SEA were worth $22,554,000 at the end of the most recent quarter.
Several other hedge funds have also recently made changes to their positions in SE. Harbor Capital Advisors Inc. increased its stake in shares of SEA by 14.5% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 8,188 shares of the Internet company based in Singapore's stock valued at $772,000 after acquiring an additional 1,034 shares in the last quarter. Gulf International Bank UK Ltd increased its stake in SEA by 1.5% in the third quarter. Gulf International Bank UK Ltd now owns 29,389 shares of the Internet company based in Singapore's stock valued at $2,770,000 after purchasing an additional 431 shares in the last quarter. Marks Group Wealth Management Inc increased its stake in SEA by 93.8% in the third quarter. Marks Group Wealth Management Inc now owns 7,217 shares of the Internet company based in Singapore's stock valued at $680,000 after purchasing an additional 3,493 shares in the last quarter. Portside Wealth Group LLC acquired a new position in shares of SEA during the third quarter valued at about $284,000. Finally, AIA Group Ltd boosted its position in shares of SEA by 9.0% during the 3rd quarter. AIA Group Ltd now owns 604,683 shares of the Internet company based in Singapore's stock worth $57,010,000 after purchasing an additional 49,970 shares in the last quarter. 59.53% of the stock is owned by institutional investors.
Analyst Ratings Changes
A number of analysts recently commented on the company. Dbs Bank raised SEA from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, November 13th. UBS Group upped their target price on SEA from $135.00 to $176.00 and gave the stock a "buy" rating in a research report on Friday. JPMorgan Chase & Co. boosted their price target on shares of SEA from $133.00 to $160.00 and gave the company an "overweight" rating in a research note on Wednesday, March 5th. Sanford C. Bernstein set a $145.00 price objective on shares of SEA and gave the company an "outperform" rating in a research note on Wednesday, March 5th. Finally, TD Cowen boosted their target price on shares of SEA from $69.00 to $100.00 and gave the stock a "hold" rating in a research report on Wednesday, November 13th. Three equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $116.67.
Check Out Our Latest Stock Report on SE
SEA Stock Performance
Shares of SE stock traded up $0.30 during trading on Tuesday, hitting $127.62. The company's stock had a trading volume of 6,957,299 shares, compared to its average volume of 4,461,542. 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 company has a market cap of $73.04 billion, a PE ratio of 850.83 and a beta of 1.62. The business has a fifty day moving average of $121.66 and a 200-day moving average of $106.85. Sea Limited has a 52 week low of $51.70 and a 52 week high of $147.73.
About SEA
(
Free Report)
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.
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