Thoroughbred Financial Services LLC Grows Stock Holdings in Sea Limited (NYSE:SE)

Thoroughbred Financial Services LLC grew its stake in Sea Limited (NYSE:SE - Free Report) by 21.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 23,426 shares of the Internet company based in Singapore's stock after buying an additional 4,070 shares during the quarter. Thoroughbred Financial Services LLC's holdings in SEA were worth $2,485,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the stock. Baillie Gifford & Co. raised its position in shares of 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 valued at $4,345,278,000 after buying an additional 1,390,531 shares during the last quarter. WCM Investment Management LLC increased its holdings in SEA by 22.8% in the 4th 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 acquiring an additional 4,761,289 shares during the last quarter. Norges Bank purchased a new stake in SEA in the 4th quarter worth $1,493,682,000. Geode Capital Management LLC boosted its holdings in shares of SEA by 4.6% during the 4th quarter. Geode Capital Management LLC now owns 3,201,601 shares of the Internet company based in Singapore's stock valued at $335,084,000 after purchasing an additional 142,080 shares during the last quarter. Finally, William Blair Investment Management LLC increased its holdings in shares of SEA by 32.5% in the fourth quarter. William Blair Investment Management LLC now owns 2,233,158 shares of the Internet company based in Singapore's stock worth $236,928,000 after purchasing an additional 547,509 shares during the last quarter. 59.53% of the stock is owned by hedge funds and other institutional investors.

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SEA Trading Down 3.6 %

SE traded down $4.32 during trading on Thursday, hitting $114.77. 2,204,679 shares of the stock were exchanged, compared to its average volume of 4,708,061. Sea Limited has a 1 year low of $51.70 and a 1 year high of $147.73. The firm has a 50 day simple moving average of $127.10 and a 200 day simple moving average of $113.75. The firm has a market cap of $65.69 billion, a price-to-earnings ratio of 766.89 and a beta of 1.73. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.60 and a current ratio of 1.62.

Wall Street Analysts Forecast Growth

SE has been the subject of a number of research reports. Sanford C. Bernstein set a $145.00 target price on SEA and gave the company an "outperform" rating in a research report on Wednesday, March 5th. Phillip Securities upgraded SEA from a "moderate sell" rating to a "hold" rating in a report on Friday, March 7th. JPMorgan Chase & Co. increased their price target on SEA from $133.00 to $160.00 and gave the company an "overweight" rating in a report on Wednesday, March 5th. Loop Capital lifted their price objective on shares of SEA from $135.00 to $165.00 and gave the stock a "buy" rating in a research note on Monday, March 31st. Finally, Barclays increased their target price on shares of SEA from $148.00 to $182.00 and gave the company an "overweight" rating in a research note on Friday, March 7th. Three equities research 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. Based on data from MarketBeat.com, SEA presently has an average rating of "Moderate Buy" and a consensus target price of $121.40.

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.