OneAscent Financial Services LLC Takes Position in Sea Limited (NYSE:SE)

OneAscent Financial Services LLC bought a new position in shares of Sea Limited (NYSE:SE - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor bought 2,833 shares of the Internet company based in Singapore's stock, valued at approximately $301,000.

A number of other hedge funds and other institutional investors also recently bought and sold shares of SE. Norges Bank acquired a new position in SEA during the 4th quarter worth $1,493,682,000. WCM Investment Management LLC increased its stake in shares of 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 worth $2,758,331,000 after buying an additional 4,761,289 shares during the period. Perpetual Ltd grew its holdings in SEA by 3,033.0% during 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 acquiring an additional 2,031,038 shares in the last quarter. CoreView Capital Management Ltd increased its holdings in SEA by 341.1% in the third quarter. CoreView Capital Management Ltd now owns 1,996,376 shares of the Internet company based in Singapore's stock valued at $188,218,000 after buying an additional 1,543,743 shares during the last quarter. Finally, Baillie Gifford & Co. increased its stake in SEA by 3.5% in the fourth 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 purchasing an additional 1,390,531 shares during the last quarter. 59.53% of the stock is currently owned by hedge funds and other institutional investors.

Remove Ads

SEA Price Performance

Shares of SEA stock traded down $4.31 during trading on Thursday, hitting $114.78. 1,948,785 shares of the company were exchanged, compared to its average volume of 4,707,363. The firm has a 50 day moving average price of $127.10 and a 200 day moving average price of $113.75. The stock has a market capitalization of $65.69 billion, a price-to-earnings ratio of 762.58 and a beta of 1.73. The company has a quick ratio of 1.60, a current ratio of 1.62 and a debt-to-equity ratio of 0.36. Sea Limited has a fifty-two week low of $51.70 and a fifty-two week high of $147.73.

Analysts Set New Price Targets

Several research analysts have commented on SE shares. Jefferies Financial Group lifted their price target on SEA from $131.00 to $157.00 and gave the stock a "buy" rating in a research report on Tuesday, March 4th. Arete Research upgraded shares of SEA to a "strong-buy" rating in a research note on Sunday, March 23rd. Barclays lifted their price objective on shares of SEA from $148.00 to $182.00 and gave the company an "overweight" rating in a research note on Friday, March 7th. Benchmark increased their target price on shares of SEA from $130.00 to $150.00 and gave the stock a "buy" rating in a research note on Wednesday, March 5th. Finally, JPMorgan Chase & Co. boosted their price target on SEA from $133.00 to $160.00 and gave the company an "overweight" rating in a research report on Wednesday, March 5th. 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. According to MarketBeat.com, SEA has an average rating of "Moderate Buy" and a consensus price target of $121.40.

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.