Vinva Investment Management Ltd Raises Stock Position in Sea Limited (NYSE:SE)

Vinva Investment Management Ltd lifted its holdings in Sea Limited (NYSE:SE - Free Report) by 44.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 99,135 shares of the Internet company based in Singapore's stock after acquiring an additional 30,611 shares during the quarter. Vinva Investment Management Ltd's holdings in SEA were worth $10,655,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Metis Global Partners LLC acquired a new stake in SEA during the third quarter valued at $254,000. OneDigital Investment Advisors LLC grew its position in SEA by 45.7% during the third quarter. OneDigital Investment Advisors LLC now owns 6,190 shares of the Internet company based in Singapore's stock valued at $584,000 after buying an additional 1,942 shares during the period. CIBC Asset Management Inc grew its position in SEA by 6.6% during the third quarter. CIBC Asset Management Inc now owns 35,699 shares of the Internet company based in Singapore's stock valued at $3,366,000 after buying an additional 2,206 shares during the period. Natixis Advisors LLC grew its position in SEA by 351.6% during the third quarter. Natixis Advisors LLC now owns 257,230 shares of the Internet company based in Singapore's stock valued at $24,252,000 after buying an additional 200,267 shares during the period. Finally, Swiss National Bank grew its position in SEA by 1.5% during the third quarter. Swiss National Bank now owns 1,099,800 shares of the Internet company based in Singapore's stock valued at $103,689,000 after buying an additional 16,300 shares during the period. Institutional investors and hedge funds own 59.53% of the company's stock.

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SEA Price Performance

Shares of NYSE:SE traded down $1.08 during midday trading on Friday, hitting $126.01. The company's stock had a trading volume of 3,154,406 shares, compared to its average volume of 4,410,527. 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 business's 50 day simple moving average is $125.30 and its 200 day simple moving average is $109.63. Sea Limited has a 12-month low of $51.70 and a 12-month high of $147.73. The company has a market cap of $72.12 billion, a P/E ratio of 840.04 and a beta of 1.62.

Analysts Set New Price Targets

SE has been the topic of several analyst reports. Sanford C. Bernstein set a $145.00 price target on shares of SEA and gave the company an "outperform" rating in a research report on Wednesday, March 5th. Phillip Securities upgraded shares of SEA from a "moderate sell" rating to a "hold" rating in a research report on Friday, March 7th. UBS Group lifted their target price on shares of SEA from $135.00 to $176.00 and gave the company a "buy" rating in a research report on Friday, March 7th. Barclays lifted their target price on shares of SEA from $148.00 to $182.00 and gave the company an "overweight" rating in a research report on Friday, March 7th. Finally, Benchmark lifted their target price 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. Three research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, SEA has an average rating of "Moderate Buy" and a consensus target price of $116.67.

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.