Sea Limited (NYSE:SE) Shares Bought by Marcho Partners LLP

Marcho Partners LLP boosted its holdings in Sea Limited (NYSE:SE - Free Report) by 142.9% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 135,268 shares of the Internet company based in Singapore's stock after acquiring an additional 79,590 shares during the period. SEA accounts for about 3.9% of Marcho Partners LLP's investment portfolio, making the stock its 9th largest position. Marcho Partners LLP's holdings in SEA were worth $14,352,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the business. Private Trust Co. NA boosted its stake in shares of SEA by 474.4% during the fourth quarter. Private Trust Co. NA now owns 247 shares of the Internet company based in Singapore's stock valued at $26,000 after acquiring an additional 204 shares during the last quarter. Kestra Investment Management LLC purchased a new position in SEA in the 4th quarter valued at about $34,000. Farther Finance Advisors LLC boosted its stake in shares of SEA by 43.8% during the 4th quarter. Farther Finance Advisors LLC now owns 368 shares of the Internet company based in Singapore's stock worth $39,000 after purchasing an additional 112 shares during the last quarter. Huntington National Bank grew its holdings in shares of SEA by 783.6% during the fourth quarter. Huntington National Bank now owns 486 shares of the Internet company based in Singapore's stock worth $52,000 after buying an additional 431 shares in the last quarter. Finally, Geneos Wealth Management Inc. raised its position in shares of SEA by 4,663.6% in the fourth quarter. Geneos Wealth Management Inc. now owns 524 shares of the Internet company based in Singapore's stock valued at $56,000 after buying an additional 513 shares during the last quarter. 59.53% of the stock is currently owned by hedge funds and other institutional investors.

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Wall Street Analysts Forecast Growth

Several research firms have commented on SE. Barclays lifted their target price on shares of SEA from $148.00 to $182.00 and gave the stock an "overweight" rating in a research note on Friday, March 7th. UBS Group upped their target price on SEA from $135.00 to $176.00 and gave the company a "buy" rating in a research note on Friday, March 7th. Arete Research raised SEA to a "strong-buy" rating in a research note on Sunday, March 23rd. Loop Capital upped their price objective on shares of SEA from $135.00 to $165.00 and gave the company a "buy" rating in a research note on Monday, March 31st. Finally, Phillip Securities upgraded shares of SEA from a "moderate sell" rating to a "hold" rating in a report on Friday, March 7th. Three investment analysts have rated the stock with a hold rating, eleven have given a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $121.40.

SEA Trading Down 3.3 %

Shares of SE stock traded down $3.95 during mid-day trading on Thursday, reaching $115.14. The company's stock had a trading volume of 2,725,366 shares, compared to its average volume of 4,710,585. The company has a quick ratio of 1.60, a current ratio of 1.62 and a debt-to-equity ratio of 0.36. The firm has a market capitalization of $65.90 billion, a PE ratio of 769.91 and a beta of 1.73. The company's 50 day simple moving average is $127.10 and its 200-day simple moving average is $113.75. Sea Limited has a 12-month low of $51.70 and a 12-month high of $147.73.

SEA 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.