Charles Lim Capital Ltd Increases Stake in Sea Limited (NYSE:SE)

Charles Lim Capital Ltd lifted its position in shares of Sea Limited (NYSE:SE - Free Report) by 15.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,008,301 shares of the Internet company based in Singapore's stock after purchasing an additional 133,301 shares during the quarter. SEA makes up about 26.8% of Charles Lim Capital Ltd's investment portfolio, making the stock its 2nd largest position. Charles Lim Capital Ltd owned 0.18% of SEA worth $106,981,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Thoroughbred Financial Services LLC lifted its stake in SEA by 21.0% during the fourth quarter. Thoroughbred Financial Services LLC now owns 23,426 shares of the Internet company based in Singapore's stock worth $2,485,000 after purchasing an additional 4,070 shares during the period. Atlas Capital Advisors Inc. bought a new position in shares of SEA during the 4th quarter worth approximately $138,000. ExodusPoint Capital Management LP acquired a new stake in SEA in the 4th quarter valued at $2,332,000. OneAscent Financial Services LLC bought a new stake in SEA in the fourth quarter valued at $301,000. Finally, Huntington National Bank grew its position in SEA by 783.6% in the fourth quarter. Huntington National Bank now owns 486 shares of the Internet company based in Singapore's stock valued at $52,000 after acquiring an additional 431 shares during the period. 59.53% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts have recently commented on SE shares. Barclays boosted their target price on shares of SEA from $148.00 to $182.00 and gave the company an "overweight" rating in a research note on Friday, March 7th. JPMorgan Chase & Co. upped their price objective on shares of SEA from $133.00 to $160.00 and gave the stock an "overweight" rating in a research note on Wednesday, March 5th. Loop Capital lifted their target price on shares of SEA from $135.00 to $165.00 and gave the company a "buy" rating in a research note on Monday, March 31st. Arete Research upgraded SEA to a "strong-buy" rating in a research report on Sunday, March 23rd. Finally, Sanford C. Bernstein set a $145.00 price objective on SEA and gave the company an "outperform" rating in a research report on Wednesday, March 5th. Three investment 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. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $121.40.

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SEA Trading Up 1.8 %

Shares of SE traded up $1.93 during trading hours on Monday, reaching $108.56. The stock had a trading volume of 11,304,997 shares, compared to its average volume of 4,674,996. The company has a market cap of $62.13 billion, a P/E ratio of 723.70 and a beta of 1.73. Sea Limited has a 52 week low of $51.70 and a 52 week high of $147.73. The company has a quick ratio of 1.60, a current ratio of 1.62 and a debt-to-equity ratio of 0.36. The firm has a 50-day moving average of $128.04 and a 200 day moving average of $113.28.

SEA 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.