Thrivent Financial for Lutherans increased its holdings in shares of Sea Limited (NYSE:SE - Free Report) by 114.5% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 18,682 shares of the Internet company based in Singapore's stock after purchasing an additional 9,973 shares during the quarter. Thrivent Financial for Lutherans' holdings in SEA were worth $1,838,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. William Blair Investment Management LLC raised its position in 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 valued at $236,928,000 after purchasing an additional 547,509 shares during the period. Signaturefd LLC raised its holdings in shares of SEA by 5.3% in the 4th quarter. Signaturefd LLC now owns 7,735 shares of the Internet company based in Singapore's stock valued at $821,000 after buying an additional 391 shares during the period. Addison Capital Co lifted its stake in SEA by 0.7% during the 4th quarter. Addison Capital Co now owns 39,321 shares of the Internet company based in Singapore's stock worth $4,172,000 after acquiring an additional 270 shares in the last quarter. SlateStone Wealth LLC grew its position in SEA by 2.5% in the 4th quarter. SlateStone Wealth LLC now owns 39,396 shares of the Internet company based in Singapore's stock valued at $4,180,000 after acquiring an additional 964 shares in the last quarter. Finally, Corient Private Wealth LLC increased its stake in SEA by 9.5% during the fourth quarter. Corient Private Wealth LLC now owns 7,619 shares of the Internet company based in Singapore's stock worth $808,000 after purchasing an additional 662 shares during the period. 59.53% of the stock is currently owned by hedge funds and other institutional investors.
SEA Price Performance
Shares of NYSE:SE traded up $2.13 during midday trading on Wednesday, hitting $134.59. 552,968 shares of the stock were exchanged, compared to its average volume of 4,331,461. The stock has a market cap of $77.03 billion, a P/E ratio of 897.24 and a beta of 1.62. Sea Limited has a twelve month low of $51.70 and a twelve month high of $147.73. The company has a 50 day moving average price of $127.88 and a 200-day moving average price of $112.45. The company has a current ratio of 1.62, a quick ratio of 1.60 and a debt-to-equity ratio of 0.36.
Analyst Ratings Changes
Several research analysts have recently commented on SE shares. Sanford C. Bernstein set a $145.00 price objective on shares of SEA and gave the company an "outperform" rating in a research note on Wednesday, March 5th. Loop Capital boosted their price target on shares of SEA from $135.00 to $165.00 and gave the stock a "buy" rating in a research note on Monday. JPMorgan Chase & Co. lifted their target price on SEA from $133.00 to $160.00 and gave the company an "overweight" rating in a report on Wednesday, March 5th. Benchmark increased their price target on SEA from $130.00 to $150.00 and gave the company a "buy" rating in a research report on Wednesday, March 5th. Finally, UBS Group lifted their price target on SEA from $135.00 to $176.00 and gave the stock a "buy" rating in a research report on Friday, March 7th. 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 MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $121.40.
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SEA Company Profile
(
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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