Sea Limited (NYSE:SE) Stock Holdings Increased by DnB Asset Management AS

DnB Asset Management AS lifted its stake in shares of Sea Limited (NYSE:SE - Free Report) by 10.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 60,836 shares of the Internet company based in Singapore's stock after acquiring an additional 5,646 shares during the period. DnB Asset Management AS's holdings in SEA were worth $6,455,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Pictet Asset Management Holding SA lifted its holdings in shares of SEA by 6.3% during the 4th quarter. Pictet Asset Management Holding SA now owns 252,926 shares of the Internet company based in Singapore's stock worth $26,835,000 after acquiring an additional 14,925 shares during the period. Nomura Asset Management Co. Ltd. raised its stake in SEA by 5.1% during the fourth quarter. Nomura Asset Management Co. Ltd. now owns 170,527 shares of the Internet company based in Singapore's stock worth $18,093,000 after purchasing an additional 8,277 shares during the period. Norges Bank acquired a new position in shares of SEA in the 4th quarter valued at $1,493,682,000. Mitsubishi UFJ Asset Management Co. Ltd. grew its stake in shares of SEA by 10.1% during the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 269,969 shares of the Internet company based in Singapore's stock valued at $28,703,000 after buying an additional 24,726 shares during the period. Finally, Blue Grotto Capital LLC increased its holdings in shares of SEA by 26.7% during the 4th quarter. Blue Grotto Capital LLC now owns 380,000 shares of the Internet company based in Singapore's stock worth $40,318,000 after buying an additional 80,000 shares during the last quarter. Hedge funds and other institutional investors own 59.53% of the company's stock.

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Analyst Upgrades and Downgrades

SE has been the topic of a number of research analyst reports. Jefferies Financial Group lifted their target price on SEA from $131.00 to $157.00 and gave the company a "buy" rating in a report on Tuesday, March 4th. Barclays boosted their target price on SEA from $148.00 to $182.00 and gave the stock an "overweight" rating in a report on Friday, March 7th. Phillip Securities upgraded shares of SEA from a "moderate sell" rating to a "hold" rating in a report on Friday, March 7th. Benchmark lifted their price target on shares of SEA from $130.00 to $150.00 and gave the company a "buy" rating in a research report on Wednesday, March 5th. Finally, Arete Research raised shares of SEA to a "strong-buy" rating in a research report on Sunday, March 23rd. Three investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $121.40.

SEA Stock Down 8.5 %

Shares of NYSE:SE traded down $10.26 during trading on Friday, hitting $109.79. The company's stock had a trading volume of 6,224,385 shares, compared to its average volume of 4,629,016. Sea Limited has a fifty-two week low of $51.70 and a fifty-two week high of $147.73. The stock's 50-day moving average price is $128.27 and its two-hundred day moving average price is $112.65. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.60 and a current ratio of 1.62. The company has a market capitalization of $62.84 billion, a PE ratio of 731.79 and a beta of 1.73.

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.