Renaissance Technologies LLC Has $81.26 Million Holdings in Sea Limited (NYSE:SE)

Renaissance Technologies LLC raised its stake in shares of Sea Limited (NYSE:SE - Free Report) by 34.6% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 765,900 shares of the Internet company based in Singapore's stock after buying an additional 196,700 shares during the period. Renaissance Technologies LLC owned about 0.13% of SEA worth $81,262,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the stock. FIL Ltd grew its position in SEA by 46.9% in the fourth quarter. FIL Ltd now owns 2,631,081 shares of the Internet company based in Singapore's stock worth $279,158,000 after acquiring an additional 840,550 shares in the last quarter. Bank of Montreal Can lifted its stake in shares of SEA by 2.8% in the fourth quarter. Bank of Montreal Can now owns 148,201 shares of the Internet company based in Singapore's stock valued at $15,724,000 after buying an additional 4,090 shares during the period. Quadrant Capital Group LLC grew its holdings in shares of SEA by 8.1% during the 4th quarter. Quadrant Capital Group LLC now owns 4,210 shares of the Internet company based in Singapore's stock worth $447,000 after purchasing an additional 314 shares in the last quarter. Envestnet Asset Management Inc. raised its stake in shares of SEA by 33.5% in the 4th quarter. Envestnet Asset Management Inc. now owns 1,221,228 shares of the Internet company based in Singapore's stock valued at $129,572,000 after buying an additional 306,693 shares in the last quarter. Finally, Marcho Partners LLP raised its position in SEA by 142.9% in the fourth quarter. Marcho Partners LLP now owns 135,268 shares of the Internet company based in Singapore's stock worth $14,352,000 after purchasing an additional 79,590 shares in the last quarter. 59.53% of the stock is currently owned by hedge funds and other institutional investors.

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Analysts Set New Price Targets

SE has been the topic of several recent analyst reports. Arete Research upgraded shares of SEA to a "strong-buy" rating in a research note on Sunday, March 23rd. Barclays raised their price target on shares of SEA from $148.00 to $182.00 and gave the company an "overweight" rating in a report on Friday, March 7th. JPMorgan Chase & Co. upped their price objective on SEA from $133.00 to $160.00 and gave the stock an "overweight" rating in a report on Wednesday, March 5th. Loop Capital boosted their target price on SEA from $135.00 to $165.00 and gave the stock a "buy" rating in a research report on Monday, March 31st. Finally, Phillip Securities upgraded shares of 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 assigned a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $121.40.

SEA Stock Up 1.0 %

SE traded up $1.12 during trading on Monday, reaching $118.93. The company had a trading volume of 1,640,381 shares, compared to its average volume of 4,885,230. Sea Limited has a 12 month low of $51.70 and a 12 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. The business's fifty day moving average price is $126.87 and its 200 day moving average price is $114.20. The company has a market cap of $68.07 billion, a P/E ratio of 792.87 and a beta of 1.73.

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.