William Blair Investment Management LLC Increases Stake in Sea Limited (NYSE:SE)

William Blair Investment Management LLC increased its position in shares of Sea Limited (NYSE:SE - Free Report) by 32.5% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 2,233,158 shares of the Internet company based in Singapore's stock after buying an additional 547,509 shares during the period. William Blair Investment Management LLC owned about 0.39% of SEA worth $236,928,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the company. Private Trust Co. NA raised its holdings in shares of 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 purchasing an additional 204 shares in the last quarter. Kestra Investment Management LLC acquired a new position in shares of SEA during the 4th quarter worth about $34,000. Farther Finance Advisors LLC increased its holdings in shares of SEA by 43.8% in the 4th quarter. Farther Finance Advisors LLC now owns 368 shares of the Internet company based in Singapore's stock valued at $39,000 after acquiring an additional 112 shares during the last quarter. Truvestments Capital LLC acquired a new stake in shares of SEA during the 3rd quarter worth about $41,000. Finally, Icon Wealth Advisors LLC purchased a new stake in SEA during the third quarter worth approximately $47,000. Institutional investors and hedge funds own 59.53% of the company's stock.

SEA Price Performance

SE stock traded down $1.08 on Friday, reaching $126.01. The company had a trading volume of 3,154,406 shares, compared to its average volume of 4,412,379. The company's fifty day moving average is $124.94 and its 200 day moving average is $109.07. The company has a market cap of $72.12 billion, a P/E ratio of 840.04 and a beta of 1.61. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.60 and a current ratio of 1.62. Sea Limited has a 1 year low of $51.70 and a 1 year high of $147.73.

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Wall Street Analyst Weigh In

Several research analysts have recently issued reports on SE shares. Phillip Securities upgraded shares of SEA from a "moderate sell" rating to a "hold" rating in a report on Friday, March 7th. Sanford C. Bernstein set a $145.00 price target on SEA and gave the stock an "outperform" rating in a research report on Wednesday, March 5th. Jefferies Financial Group increased their price target on shares of SEA from $131.00 to $157.00 and gave the stock a "buy" rating in a research note on Tuesday, March 4th. Barclays upped their target price on shares of SEA from $148.00 to $182.00 and gave the company an "overweight" rating in a report on Friday, March 7th. Finally, JPMorgan Chase & Co. upped their price target on SEA from $133.00 to $160.00 and gave the stock an "overweight" rating in a research note on Wednesday, March 5th. Three equities research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company currently 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.