SBI Securities Co. Ltd. Invests $562,000 in Sea Limited (NYSE:SE)

SBI Securities Co. Ltd. acquired a new position in Sea Limited (NYSE:SE - Free Report) during the 4th quarter, according to its most recent filing with the SEC. The fund acquired 5,293 shares of the Internet company based in Singapore's stock, valued at approximately $562,000.

Several other large investors have also modified their holdings of the business. WCM Investment Management LLC raised its holdings in SEA by 35.9% in the third quarter. WCM Investment Management LLC now owns 20,902,378 shares of the Internet company based in Singapore's stock valued at $1,971,303,000 after buying an additional 5,517,559 shares during the period. Baillie Gifford & Co. raised its holdings in SEA by 15.5% in the third quarter. Baillie Gifford & Co. now owns 39,564,018 shares of the Internet company based in Singapore's stock valued at $3,730,096,000 after acquiring an additional 5,295,590 shares in the last quarter. Perpetual Ltd grew its stake in SEA by 3,033.0% in the fourth quarter. Perpetual Ltd now owns 2,098,003 shares of the Internet company based in Singapore's stock worth $222,598,000 after purchasing an additional 2,031,038 shares in the last quarter. CoreView Capital Management Ltd lifted its stake in SEA by 341.1% during the third quarter. CoreView Capital Management Ltd now owns 1,996,376 shares of the Internet company based in Singapore's stock worth $188,218,000 after purchasing an additional 1,543,743 shares during the last quarter. Finally, Ninety One UK Ltd grew its position in shares of SEA by 1,673.2% during the 4th quarter. Ninety One UK Ltd now owns 1,243,888 shares of the Internet company based in Singapore's stock valued at $131,977,000 after buying an additional 1,173,738 shares during the last quarter. 59.53% of the stock is currently owned by institutional investors and hedge funds.

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SEA Stock Performance

NYSE SE traded down $3.22 during trading on Friday, reaching $135.93. The company's stock had a trading volume of 7,246,273 shares, compared to its average volume of 4,228,906. The firm has a market capitalization of $77.80 billion, a price-to-earnings ratio of 906.18 and a beta of 1.55. Sea Limited has a 12 month low of $51.70 and a 12 month high of $147.73. The company has a current ratio of 1.62, a quick ratio of 1.60 and a debt-to-equity ratio of 0.36. The firm has a 50 day moving average price of $120.72 and a 200 day moving average price of $105.81.

Analysts Set New Price Targets

A number of research firms have issued reports on SE. JPMorgan Chase & Co. boosted their target price on shares of SEA from $133.00 to $160.00 and gave the company an "overweight" rating in a research note on Wednesday. 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. Jefferies Financial Group increased their price target on SEA from $131.00 to $157.00 and gave the company a "buy" rating in a research report on Tuesday. UBS Group boosted their target price on shares of SEA from $135.00 to $176.00 and gave the company a "buy" rating in a research note on Friday. Finally, TD Cowen raised their price target on shares of SEA from $69.00 to $100.00 and gave the stock a "hold" rating in a report on Wednesday, November 13th. One analyst has rated the stock with a sell rating, two have given a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $111.67.

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.