Sea Limited (NYSE:SE) Shares Purchased by Long Walk Management LP

Long Walk Management LP increased its position in shares of Sea Limited (NYSE:SE - Free Report) by 12.0% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 341,750 shares of the Internet company based in Singapore's stock after purchasing an additional 36,750 shares during the quarter. SEA accounts for about 13.2% of Long Walk Management LP's investment portfolio, making the stock its 3rd largest holding. Long Walk Management LP owned about 0.06% of SEA worth $36,260,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Perpetual Ltd lifted its stake in SEA by 3,033.0% in the fourth quarter. Perpetual Ltd now owns 2,098,003 shares of the Internet company based in Singapore's stock valued at $222,598,000 after buying an additional 2,031,038 shares during the last quarter. 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 valued at $131,977,000 after buying an additional 1,173,738 shares during the last quarter. M&T Bank Corp lifted its stake in SEA by 2,163.9% in the third quarter. M&T Bank Corp now owns 74,505 shares of the Internet company based in Singapore's stock valued at $7,024,000 after buying an additional 71,214 shares during the last quarter. Atria Investments Inc increased its holdings in shares of SEA by 262.5% during the third quarter. Atria Investments Inc now owns 14,621 shares of the Internet company based in Singapore's stock valued at $1,378,000 after purchasing an additional 10,588 shares during the period. Finally, PNC Financial Services Group Inc. increased its holdings in shares of SEA by 322.8% during the third quarter. PNC Financial Services Group Inc. now owns 37,327 shares of the Internet company based in Singapore's stock valued at $3,519,000 after purchasing an additional 28,499 shares during the period. 59.53% of the stock is currently owned by institutional investors.

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Wall Street Analysts Forecast Growth

SE has been the topic of a number of research analyst reports. JPMorgan Chase & Co. raised 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. Sanford C. Bernstein set a $145.00 price target on SEA and gave the company an "outperform" rating in a report on Wednesday, March 5th. Phillip Securities raised SEA from a "moderate sell" rating to a "hold" rating in a report on Friday, March 7th. Jefferies Financial Group raised their price target on SEA from $131.00 to $157.00 and gave the company a "buy" rating in a report on Tuesday, March 4th. Finally, Benchmark raised their price target on SEA from $130.00 to $150.00 and gave the company a "buy" rating in a report on Wednesday, March 5th. Three analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, SEA currently has an average rating of "Moderate Buy" and an average price target of $116.67.

SEA Trading Up 0.7 %

SE traded up $0.92 during trading on Thursday, reaching $127.07. The company had a trading volume of 4,432,710 shares, compared to its average volume of 4,414,110. The firm's 50-day simple moving average is $124.58 and its 200 day simple moving average is $108.95. The company has a market cap of $72.73 billion, a price-to-earnings ratio of 847.15 and a beta of 1.61. Sea Limited has a 12-month low of $51.70 and a 12-month high of $147.73. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.60 and a current ratio of 1.62.

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.