Quantbot Technologies LP Purchases Shares of 45,294 Sea Limited (NYSE:SE)

Quantbot Technologies LP acquired a new position in shares of Sea Limited (NYSE:SE - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 45,294 shares of the Internet company based in Singapore's stock, valued at approximately $4,806,000.

A number of other large investors also recently added to or reduced their stakes in the business. Baillie Gifford & Co. raised its stake in shares of SEA by 3.5% during the fourth quarter. Baillie Gifford & Co. now owns 40,954,549 shares of the Internet company based in Singapore's stock worth $4,345,278,000 after buying an additional 1,390,531 shares during the last quarter. WCM Investment Management LLC grew its holdings in SEA by 22.8% during the 4th 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 acquiring an additional 4,761,289 shares during the period. Geode Capital Management LLC grew its holdings in SEA by 4.2% during the 3rd quarter. Geode Capital Management LLC now owns 3,059,521 shares of the Internet company based in Singapore's stock worth $283,543,000 after acquiring an additional 124,433 shares during the period. William Blair Investment Management LLC raised its position in shares of SEA by 32.5% during the 4th quarter. William Blair Investment Management LLC now owns 2,233,158 shares of the Internet company based in Singapore's stock valued at $236,928,000 after acquiring an additional 547,509 shares during the last quarter. Finally, Perpetual Ltd lifted 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 purchasing an additional 2,031,038 shares during the period. 59.53% of the stock is currently owned by institutional investors and hedge funds.

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Wall Street Analyst Weigh In

A number of research firms recently commented on SE. Jefferies Financial Group upped their price objective on SEA from $131.00 to $157.00 and gave the company a "buy" rating in a report on Tuesday, March 4th. Arete Research raised SEA to a "strong-buy" rating in a research note on Sunday. Barclays lifted their price objective 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. Benchmark boosted their price objective on shares of SEA from $130.00 to $150.00 and gave the company a "buy" rating in a report on Wednesday, March 5th. Finally, Phillip Securities raised shares of SEA from a "moderate sell" rating to a "hold" rating in a research report on Friday, March 7th. Three equities research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $116.67.

SEA Stock Up 0.7 %

Shares of SE traded up $0.89 during midday trading on Tuesday, hitting $130.37. The stock had a trading volume of 4,337,247 shares, compared to its average volume of 4,408,623. The firm has a market cap of $74.62 billion, a price-to-earnings ratio of 869.13 and a beta of 1.62. The company has a 50 day simple moving average of $126.16 and a two-hundred day simple moving average of $110.59. Sea Limited has a twelve month low of $51.70 and a twelve month high of $147.73. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.62 and a quick ratio of 1.60.

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.