Sei Investments Co. Boosts Stock Holdings in Sea Limited (NYSE:SE)

Sei Investments Co. raised its stake in shares of Sea Limited (NYSE:SE - Free Report) by 12.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,181,685 shares of the Internet company based in Singapore's stock after buying an additional 245,324 shares during the quarter. Sei Investments Co. owned about 0.38% of SEA worth $231,474,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Private Trust Co. NA lifted its position in SEA by 474.4% in the 4th quarter. Private Trust Co. NA now owns 247 shares of the Internet company based in Singapore's stock valued at $26,000 after acquiring an additional 204 shares in the last quarter. Kestra Investment Management LLC bought a new position in shares of SEA during the fourth quarter valued at $34,000. Farther Finance Advisors LLC boosted its position in shares of SEA by 43.8% during 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. Truvestments Capital LLC bought a new stake in SEA in the 3rd quarter worth about $41,000. Finally, Icon Wealth Advisors LLC purchased a new position in SEA in the 3rd quarter worth about $47,000. 59.53% of the stock is owned by institutional investors.

SEA Price Performance

NYSE:SE traded up $0.44 on Tuesday, reaching $129.92. 1,602,630 shares of the company's stock traded hands, compared to its average volume of 4,359,082. The stock has a 50-day simple moving average of $125.76 and a 200-day simple moving average of $110.21. Sea Limited has a 12 month low of $51.70 and a 12 month high of $147.73. The firm has a market cap of $74.36 billion, a PE ratio of 866.10 and a beta of 1.62. The company has a quick ratio of 1.60, a current ratio of 1.62 and a debt-to-equity ratio of 0.36.

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Wall Street Analysts Forecast Growth

A number of analysts have recently commented on SE shares. UBS Group lifted their price target on shares of SEA from $135.00 to $176.00 and gave the stock a "buy" rating in a research note on Friday, March 7th. Phillip Securities upgraded shares of SEA from a "moderate sell" rating to a "hold" rating in a research note on Friday, March 7th. Jefferies Financial Group raised their price target on SEA from $131.00 to $157.00 and gave the stock a "buy" rating in a research note on Tuesday, March 4th. Arete Research raised SEA to a "strong-buy" rating in a report on Sunday. Finally, Benchmark boosted their price target on SEA from $130.00 to $150.00 and gave the company a "buy" rating in a research note on Wednesday, March 5th. 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 stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $116.67.

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.