Wasatch Advisors LP Has $172.41 Million Holdings in Sea Limited (NYSE:SE)

Wasatch Advisors LP lifted its holdings in Sea Limited (NYSE:SE - Free Report) by 5.6% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,624,984 shares of the Internet company based in Singapore's stock after acquiring an additional 86,181 shares during the period. Wasatch Advisors LP owned approximately 0.28% of SEA worth $172,411,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of SE. Baillie Gifford & Co. lifted its stake in SEA by 3.5% in 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 purchasing an additional 1,390,531 shares during the last quarter. WCM Investment Management LLC raised its stake in shares of SEA by 22.8% during the fourth quarter. WCM Investment Management LLC now owns 25,663,667 shares of the Internet company based in Singapore's stock worth $2,758,331,000 after acquiring an additional 4,761,289 shares in the last quarter. Norges Bank purchased a new position in shares of SEA in the fourth quarter worth about $1,493,682,000. Geode Capital Management LLC grew its holdings in shares of SEA by 4.6% in the fourth quarter. Geode Capital Management LLC now owns 3,201,601 shares of the Internet company based in Singapore's stock worth $335,084,000 after purchasing an additional 142,080 shares during the last quarter. Finally, FIL Ltd raised its position in SEA by 46.9% during the 4th quarter. FIL Ltd now owns 2,631,081 shares of the Internet company based in Singapore's stock valued at $279,158,000 after purchasing an additional 840,550 shares during the last quarter. Institutional investors own 59.53% of the company's stock.

Wall Street Analysts Forecast Growth

SE has been the subject of several analyst reports. Jefferies Financial Group raised their price target on SEA from $131.00 to $157.00 and gave the company a "buy" rating in a report on Tuesday, March 4th. Loop Capital upped their price target on shares of SEA from $135.00 to $165.00 and gave the company a "buy" rating in a research note on Monday, March 31st. JPMorgan Chase & Co. lowered shares of SEA from an "overweight" rating to a "neutral" rating and dropped their price objective for the stock from $160.00 to $135.00 in a research note on Wednesday, April 16th. Sanford C. Bernstein set a $145.00 price target on SEA and gave the stock an "outperform" rating in a research note on Wednesday, March 5th. Finally, UBS Group lifted their price target on shares of SEA from $135.00 to $176.00 and gave the company a "buy" rating in a research note on Friday, March 7th. Four research analysts have rated the stock with a hold rating, ten have issued a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, SEA presently has a consensus rating of "Moderate Buy" and a consensus target price of $121.73.

SEA Stock Down 3.5 %

SEA stock traded down $4.21 during mid-day trading on Monday, hitting $116.76. The company's stock had a trading volume of 904,916 shares, compared to its average volume of 4,667,244. Sea Limited has a 52-week low of $55.00 and a 52-week high of $147.73. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.62 and a quick ratio of 1.60. The company has a market cap of $66.83 billion, a PE ratio of 778.40 and a beta of 1.73. The firm's 50 day moving average is $126.40 and its 200 day moving average is $115.07.

About SEA

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.