Quantessence Capital LLC Makes New Investment in Sea Limited (NYSE:SE)

Quantessence Capital LLC acquired a new stake in Sea Limited (NYSE:SE - Free Report) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 10,480 shares of the Internet company based in Singapore's stock, valued at approximately $1,112,000.

Other hedge funds have also made changes to their positions in the company. SIH Partners LLLP bought a new stake in SEA in the fourth quarter worth about $5,440,000. J. Safra Sarasin Holding AG acquired a new position in shares of SEA in the 4th quarter worth approximately $517,000. Stifel Financial Corp lifted its stake in SEA by 48.3% during the fourth quarter. Stifel Financial Corp now owns 231,012 shares of the Internet company based in Singapore's stock valued at $24,510,000 after purchasing an additional 75,213 shares during the last quarter. OneDigital Investment Advisors LLC boosted its holdings in SEA by 120.5% during the fourth quarter. OneDigital Investment Advisors LLC now owns 13,646 shares of the Internet company based in Singapore's stock worth $1,448,000 after buying an additional 7,456 shares in the last quarter. Finally, Mirabella Financial Services LLP acquired a new position in SEA in the fourth quarter worth approximately $3,362,000. Institutional investors and hedge funds own 59.53% of the company's stock.

SEA Stock Up 3.0 %

Shares of NYSE SE traded up $3.78 during mid-day trading on Friday, reaching $128.01. The company had a trading volume of 3,518,652 shares, compared to its average volume of 4,612,406. The stock has a market capitalization of $73.27 billion, a PE ratio of 853.40 and a beta of 1.73. Sea Limited has a twelve month low of $55.00 and a twelve month high of $147.73. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.60 and a current ratio of 1.62. The stock's 50 day moving average is $125.11 and its 200-day moving average is $115.69.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on SE. Benchmark raised their price objective on SEA from $130.00 to $150.00 and gave the stock a "buy" rating in a research note on Wednesday, March 5th. Phillip Securities raised SEA from a "moderate sell" rating to a "hold" rating in a research note on Friday, March 7th. Arete Research raised shares of SEA to a "strong-buy" rating in a research note on Sunday, March 23rd. Jefferies Financial Group lifted their target price on shares of SEA from $131.00 to $157.00 and gave the stock a "buy" rating in a research report on Tuesday, March 4th. Finally, Sanford C. Bernstein set a $145.00 price target on shares of SEA and gave the company an "outperform" rating in a report on Wednesday, March 5th. Four research analysts have rated the stock with a hold rating, nine have assigned a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $125.43.

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.