Sea Limited (NYSE:SE) Shares Bought by FIL Ltd

FIL Ltd lifted its position in Sea Limited (NYSE:SE - Free Report) by 46.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 2,631,081 shares of the Internet company based in Singapore's stock after purchasing an additional 840,550 shares during the quarter. FIL Ltd owned about 0.46% of SEA worth $279,158,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of the company. Private Trust Co. NA raised its position in SEA by 474.4% in the fourth quarter. Private Trust Co. NA now owns 247 shares of the Internet company based in Singapore's stock valued at $26,000 after purchasing an additional 204 shares during the period. Kestra Investment Management LLC purchased a new stake in SEA in the 4th quarter valued at about $34,000. Farther Finance Advisors LLC lifted its position in SEA by 43.8% in the fourth quarter. Farther Finance Advisors LLC now owns 368 shares of the Internet company based in Singapore's stock valued at $39,000 after buying an additional 112 shares during the last quarter. Huntington National Bank boosted its stake in SEA by 783.6% during the fourth quarter. Huntington National Bank now owns 486 shares of the Internet company based in Singapore's stock worth $52,000 after buying an additional 431 shares during the period. Finally, Geneos Wealth Management Inc. increased its position in shares of SEA by 4,663.6% during the fourth quarter. Geneos Wealth Management Inc. now owns 524 shares of the Internet company based in Singapore's stock valued at $56,000 after acquiring an additional 513 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

Several equities analysts have recently commented on SE shares. 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 report on Wednesday, March 5th. Sanford C. Bernstein set a $145.00 price target on SEA and gave the stock an "outperform" rating in a research report on Wednesday, March 5th. Loop Capital boosted their price objective on SEA from $135.00 to $165.00 and gave the company a "buy" rating in a report on Monday, March 31st. Phillip Securities upgraded SEA from a "moderate sell" rating to a "hold" rating in a report on Friday, March 7th. Finally, Arete Research raised 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 given a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $121.40.

SEA Stock Up 2.2 %

SEA stock traded up $2.58 during mid-day trading on Friday, hitting $117.86. The company had a trading volume of 4,396,578 shares, compared to its average volume of 4,718,279. The company has a quick ratio of 1.60, a current ratio of 1.62 and a debt-to-equity ratio of 0.36. Sea Limited has a 1 year low of $51.70 and a 1 year high of $147.73. The business has a fifty day moving average of $126.87 and a 200 day moving average of $114.20. The stock has a market cap of $67.46 billion, a price-to-earnings ratio of 785.73 and a beta of 1.73.

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.