Norges Bank Makes New Investment in Sea Limited (NYSE:SE)

Norges Bank purchased a new position in Sea Limited (NYSE:SE - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 14,078,061 shares of the Internet company based in Singapore's stock, valued at approximately $1,493,682,000. Norges Bank owned about 2.46% of SEA at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Perpetual Ltd grew its holdings in shares of SEA by 3,033.0% during the fourth 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. Ninety One UK Ltd boosted its position in SEA by 1,673.2% during 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 during the last quarter. M&T Bank Corp grew its stake in SEA by 2,163.9% during the 3rd 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 in the last quarter. SeaTown Holdings Pte. Ltd. acquired a new stake in SEA in the 4th quarter valued at about $4,821,000. Finally, Public Sector Pension Investment Board lifted its stake in SEA by 24.8% in the 3rd quarter. Public Sector Pension Investment Board now owns 191,807 shares of the Internet company based in Singapore's stock worth $18,084,000 after purchasing an additional 38,100 shares in the last quarter. 59.53% of the stock is currently owned by hedge funds and other institutional investors.

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SEA Stock Down 2.0 %

NYSE:SE traded down $2.61 during midday trading on Friday, reaching $130.96. The company had a trading volume of 3,271,184 shares, compared to its average volume of 4,576,118. The stock's fifty day simple moving average is $127.28 and its 200-day simple moving average is $111.49. The company has a current ratio of 1.62, a quick ratio of 1.60 and a debt-to-equity ratio of 0.36. Sea Limited has a 12-month low of $51.70 and a 12-month high of $147.73. The firm has a market capitalization of $74.95 billion, a price-to-earnings ratio of 873.05 and a beta of 1.62.

Analysts Set New Price Targets

SE has been the subject of several recent research reports. Jefferies Financial Group increased 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. Phillip Securities raised SEA from a "moderate sell" rating to a "hold" rating in a research note on Friday, March 7th. 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 report on Wednesday, March 5th. Benchmark raised their price objective on shares of SEA from $130.00 to $150.00 and gave the stock a "buy" rating in a research report on Wednesday, March 5th. Finally, Arete Research raised shares of SEA to a "strong-buy" rating in a research note on Sunday, March 23rd. Three research analysts have rated the stock with a hold rating, eleven have issued a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $116.67.

SEA Company 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.