Nomura Asset Management Co. Ltd. Raises Position in Sea Limited (NYSE:SE)

Nomura Asset Management Co. Ltd. boosted its stake in Sea Limited (NYSE:SE - Free Report) by 5.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 170,527 shares of the Internet company based in Singapore's stock after purchasing an additional 8,277 shares during the quarter. Nomura Asset Management Co. Ltd.'s holdings in SEA were worth $18,093,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Perpetual Ltd grew its stake in shares of 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 valued at $222,598,000 after buying an additional 2,031,038 shares during the period. Ninety One UK Ltd boosted its holdings 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 acquiring an additional 1,173,738 shares in the last quarter. M&T Bank Corp grew 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 acquiring an additional 71,214 shares during the period. SeaTown Holdings Pte. Ltd. bought a new stake in shares of SEA during the fourth quarter valued at approximately $4,821,000. Finally, Point72 Hong Kong Ltd acquired a new position in shares of SEA during the third quarter worth approximately $3,410,000. 59.53% of the stock is owned by institutional investors.

Analysts Set New Price Targets

SE has been the subject of several research reports. Arete Research raised shares of SEA to a "strong-buy" rating in a research report on Sunday, March 23rd. Jefferies Financial Group lifted their price objective on shares of SEA from $131.00 to $157.00 and gave the company a "buy" rating in a report on Tuesday, March 4th. 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. JPMorgan Chase & Co. raised their price target on shares of SEA from $133.00 to $160.00 and gave the company an "overweight" rating in a research report on Wednesday, March 5th. Finally, Phillip Securities raised 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 issued a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat, SEA presently has an average rating of "Moderate Buy" and an average target price of $121.40.

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SEA Stock Performance

SE stock traded up $2.12 during midday trading on Tuesday, hitting $132.61. The company's stock had a trading volume of 5,168,265 shares, compared to its average volume of 4,574,384. Sea Limited has a 1 year low of $51.70 and a 1 year high of $147.73. The stock has a market cap of $75.90 billion, a price-to-earnings ratio of 884.09 and a beta of 1.62. The stock's 50-day moving average price is $127.59 and its 200 day moving average price is $112.08. The company has a quick ratio of 1.60, a current ratio of 1.62 and a debt-to-equity ratio of 0.36.

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.