American Century Companies Inc. raised its stake in Sea Limited (NYSE:SE - Free Report) by 461.4% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 151,531 shares of the Internet company based in Singapore's stock after acquiring an additional 124,540 shares during the period. American Century Companies Inc.'s holdings in SEA were worth $16,077,000 at the end of the most recent quarter.
A number of other institutional investors have also recently modified their holdings of the stock. 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 valued at $2,758,331,000 after purchasing an additional 4,761,289 shares in the last quarter. Perpetual Ltd grew its position 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 valued at $222,598,000 after acquiring an additional 2,031,038 shares during the last quarter. CoreView Capital Management Ltd raised 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 acquiring an additional 1,543,743 shares in the last quarter. Baillie Gifford & Co. lifted its holdings in shares of SEA by 3.5% in 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 last quarter. Finally, Ninety One UK Ltd boosted its stake in shares of SEA by 1,673.2% in 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 purchasing an additional 1,173,738 shares in the last quarter. 59.53% of the stock is currently owned by institutional investors.
Analysts Set New Price Targets
SE has been the subject of several research reports. JPMorgan Chase & Co. increased their price objective on shares of SEA from $133.00 to $160.00 and gave the company an "overweight" rating in a research note on Wednesday, March 5th. Barclays increased their price target on SEA from $148.00 to $182.00 and gave the company an "overweight" rating in a research note on Friday, March 7th. Sanford C. Bernstein set a $145.00 price objective on SEA and gave the stock an "outperform" rating in a research report on Wednesday, March 5th. Arete Research upgraded SEA to a "strong-buy" rating in a research report on Sunday, March 23rd. Finally, Loop Capital boosted their price target on SEA from $135.00 to $165.00 and gave the stock a "buy" rating in a report on Monday, March 31st. Three equities research analysts have rated the stock with a hold rating, eleven have issued a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, SEA currently has a consensus rating of "Moderate Buy" and a consensus target price of $121.40.
Check Out Our Latest Research Report on SEA
SEA Trading Down 11.6 %
SE stock traded down $13.87 during midday trading on Friday, hitting $106.18. The stock had a trading volume of 15,810,121 shares, compared to its average volume of 4,648,157. 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 business has a fifty day moving average price of $128.04 and a two-hundred day moving average price of $113.06. Sea Limited has a 1-year low of $51.70 and a 1-year high of $147.73. The firm has a market cap of $60.77 billion, a P/E ratio of 707.88 and a beta of 1.73.
About SEA
(
Free Report)
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.
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