Sea Limited (NYSE:SE) is Trivest Advisors Ltd's 10th Largest Position

Trivest Advisors Ltd increased its position in shares of Sea Limited (NYSE:SE - Free Report) by 1,083.3% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 710,000 shares of the Internet company based in Singapore's stock after buying an additional 650,000 shares during the period. SEA accounts for 3.4% of Trivest Advisors Ltd's holdings, making the stock its 10th biggest position. Trivest Advisors Ltd owned about 0.12% of SEA worth $75,331,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the company. WCM Investment Management LLC raised its position in SEA by 22.8% during the fourth quarter. WCM Investment Management LLC now owns 25,663,667 shares of the Internet company based in Singapore's stock worth $2,758,331,000 after acquiring an additional 4,761,289 shares during the period. Perpetual Ltd raised its position in SEA by 3,033.0% during 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 acquiring an additional 2,031,038 shares during the period. CoreView Capital Management Ltd raised its position 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 acquiring an additional 1,543,743 shares during the period. Baillie Gifford & Co. raised its position in SEA by 3.5% during the fourth quarter. Baillie Gifford & Co. now owns 40,954,549 shares of the Internet company based in Singapore's stock worth $4,345,278,000 after acquiring an additional 1,390,531 shares during the period. Finally, Ninety One UK Ltd raised its position in SEA by 1,673.2% during the fourth quarter. Ninety One UK Ltd now owns 1,243,888 shares of the Internet company based in Singapore's stock worth $131,977,000 after acquiring an additional 1,173,738 shares during the period. 59.53% of the stock is owned by hedge funds and other institutional investors.

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Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the stock. 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 report on Wednesday, March 5th. Benchmark upped their price objective on shares of SEA from $130.00 to $150.00 and gave the stock a "buy" rating in a research report on Wednesday, March 5th. Jefferies Financial Group upped their price objective 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. UBS Group increased their target price on shares of SEA from $135.00 to $176.00 and gave the company a "buy" rating in a research report on Friday, March 7th. Finally, Phillip Securities upgraded shares of SEA from a "moderate sell" rating to a "hold" rating in a research report on Friday, March 7th. Three research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, SEA has a consensus rating of "Moderate Buy" and a consensus target price of $116.67.

SEA Trading Down 0.9 %

SEA stock traded down $1.08 during midday trading on Friday, hitting $126.01. 3,154,406 shares of the stock were exchanged, compared to its average volume of 4,410,527. Sea Limited has a fifty-two week low of $51.70 and a fifty-two week high of $147.73. The stock has a market capitalization of $72.12 billion, a price-to-earnings ratio of 840.04 and a beta of 1.62. The stock's 50-day simple moving average is $125.30 and its 200 day simple moving average is $109.85. The company has a current ratio of 1.62, a quick ratio of 1.60 and a debt-to-equity ratio of 0.36.

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.