Jump Financial LLC Raises Stake in Sea Limited (NYSE:SE)

Jump Financial LLC grew its stake in shares of Sea Limited (NYSE:SE - Free Report) by 701.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 235,272 shares of the Internet company based in Singapore's stock after purchasing an additional 205,919 shares during the period. SEA makes up 0.5% of Jump Financial LLC's investment portfolio, making the stock its 21st biggest holding. Jump Financial LLC's holdings in SEA were worth $24,962,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also added to or reduced their stakes in SE. Norges Bank purchased a new position in SEA during the fourth quarter worth about $1,493,682,000. WCM Investment Management LLC boosted its stake 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 during the period. Perpetual Ltd grew its stake in SEA by 3,033.0% in the 4th 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 in the last quarter. Baillie Gifford & Co. raised its holdings in shares of SEA by 3.5% during the 4th 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 buying an additional 1,390,531 shares in the last quarter. Finally, Ninety One UK Ltd lifted its stake in SEA by 1,673.2% in the fourth quarter. Ninety One UK Ltd now owns 1,243,888 shares of the Internet company based in Singapore's stock worth $131,977,000 after purchasing an additional 1,173,738 shares during the last quarter. Institutional investors own 59.53% of the company's stock.

Analyst Ratings Changes

A number of research firms have recently weighed in on SE. Wedbush reiterated an "outperform" rating and set a $135.00 target price on shares of SEA in a report on Tuesday. Barclays increased their price objective on shares of SEA from $148.00 to $182.00 and gave the company an "overweight" rating in a research report on Friday, March 7th. Benchmark lifted their price objective on SEA from $130.00 to $150.00 and gave the company a "buy" rating in a research report on Wednesday, March 5th. Sanford C. Bernstein set a $145.00 target price on shares of SEA and gave the stock an "outperform" rating in a report on Wednesday, March 5th. Finally, Phillip Securities raised shares of SEA from a "moderate sell" rating to a "hold" rating in a report on Friday, March 7th. Four equities research analysts have rated the stock with a hold rating, ten have given a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, SEA presently has a consensus rating of "Moderate Buy" and an average price target of $121.73.

SEA Trading Up 1.9 %

Shares of SE stock traded up $2.24 during trading on Friday, hitting $120.97. 3,672,823 shares of the stock traded hands, compared to its average volume of 4,681,404. The firm has a market capitalization of $69.24 billion, a P/E ratio of 806.49 and a beta of 1.73. Sea Limited has a 52-week low of $55.00 and a 52-week high of $147.73. The firm's fifty day moving average price is $126.40 and its 200-day moving average price is $114.93. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.62 and a quick ratio of 1.60.

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.