Resona Asset Management Co. Ltd. Invests $11.10 Million in Sea Limited (NYSE:SE)

Resona Asset Management Co. Ltd. purchased a new position in shares of Sea Limited (NYSE:SE - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 104,322 shares of the Internet company based in Singapore's stock, valued at approximately $11,102,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. HighTower Advisors LLC lifted its position in SEA by 160.3% during the 3rd quarter. HighTower Advisors LLC now owns 38,836 shares of the Internet company based in Singapore's stock worth $3,669,000 after acquiring an additional 23,914 shares during the last quarter. Janus Henderson Group PLC increased its stake in SEA by 24.6% during the third quarter. Janus Henderson Group PLC now owns 248,629 shares of the Internet company based in Singapore's stock valued at $23,437,000 after acquiring an additional 49,043 shares during the period. Integrated Wealth Concepts LLC raised its holdings in SEA by 2.6% in the 3rd quarter. Integrated Wealth Concepts LLC now owns 6,357 shares of the Internet company based in Singapore's stock valued at $599,000 after acquiring an additional 160 shares in the last quarter. Quantinno Capital Management LP lifted its position in shares of SEA by 32.1% in the 3rd quarter. Quantinno Capital Management LP now owns 12,458 shares of the Internet company based in Singapore's stock worth $1,175,000 after acquiring an additional 3,026 shares during the period. Finally, Stifel Financial Corp grew its holdings in shares of SEA by 132.8% during the 3rd quarter. Stifel Financial Corp now owns 155,799 shares of the Internet company based in Singapore's stock worth $14,689,000 after purchasing an additional 88,886 shares in the last quarter. Institutional investors own 59.53% of the company's stock.

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Wall Street Analysts Forecast Growth

SE has been the subject of several research reports. UBS Group raised their target price on SEA from $135.00 to $176.00 and gave the stock a "buy" rating in a research report on Friday, March 7th. Barclays raised their target price on SEA from $148.00 to $182.00 and gave the stock an "overweight" rating in a research report on Friday, March 7th. Sanford C. Bernstein set a $145.00 price objective on SEA and gave the company an "outperform" rating in a report on Wednesday, March 5th. Jefferies Financial Group upped their target price on shares of SEA from $131.00 to $157.00 and gave the stock a "buy" rating in a report on Tuesday, March 4th. Finally, JPMorgan Chase & Co. boosted their price objective on SEA from $133.00 to $160.00 and gave the stock an "overweight" rating in a research note on Wednesday, March 5th. Three analysts have rated the stock with a hold rating, eleven have given a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $121.40.

SEA Trading Up 1.4 %

Shares of SEA stock traded up $1.58 during trading on Friday, hitting $116.86. 1,870,234 shares of the company were exchanged, compared to its average volume of 4,709,626. The firm has a market capitalization of $66.88 billion, a P/E ratio of 782.40 and a beta of 1.73. The firm's fifty day moving average price is $126.97 and its 200 day moving average price is $113.90. 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 Limited has a 1-year low of $51.70 and a 1-year high of $147.73.

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.