Long Walk Management LP Boosts Position in Sea Limited (NYSE:SE)

Long Walk Management LP grew its holdings in shares of Sea Limited (NYSE:SE) by 12.0% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 341,750 shares of the Internet company based in Singapore’s stock after acquiring an additional 36,750 shares during the period. SEA comprises 13.2% of Long Walk Management LP’s holdings, making the stock its 3rd largest holding. Long Walk Management LP owned about 0.06% of SEA worth $36,260,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the business. Farther Finance Advisors LLC boosted its holdings in SEA by 43.8% in the fourth 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. SOA Wealth Advisors LLC. increased its position in SEA by 33.3% during the 3rd quarter. SOA Wealth Advisors LLC. now owns 600 shares of the Internet company based in Singapore’s stock valued at $57,000 after purchasing an additional 150 shares during the period. TD Private Client Wealth LLC increased its position in SEA by 33.7% during the 3rd quarter. TD Private Client Wealth LLC now owns 603 shares of the Internet company based in Singapore’s stock valued at $57,000 after purchasing an additional 152 shares during the period. Ballentine Partners LLC increased its position in SEA by 5.6% during the 4th quarter. Ballentine Partners LLC now owns 2,970 shares of the Internet company based in Singapore’s stock valued at $315,000 after purchasing an additional 158 shares during the period. Finally, Integrated Wealth Concepts LLC increased its position in SEA by 2.6% during the 3rd quarter. Integrated Wealth Concepts LLC now owns 6,357 shares of the Internet company based in Singapore’s stock valued at $599,000 after purchasing an additional 160 shares during the period. Institutional investors and hedge funds own 59.53% of the company’s stock.

SEA Price Performance

Shares of NYSE SE opened at $127.24 on Friday. The stock has a market cap of $72.83 billion, a price-to-earnings ratio of 848.29 and a beta of 1.62. 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 fifty-two week low of $51.70 and a fifty-two week high of $147.73. The firm’s 50-day simple moving average is $123.38 and its 200 day simple moving average is $107.92.

Analysts Set New Price Targets

SE has been the subject of a number of recent analyst reports. Jefferies Financial Group increased their target price on shares of SEA from $131.00 to $157.00 and gave the company a “buy” rating in a research report on Tuesday, March 4th. JPMorgan Chase & Co. increased their target price on shares of SEA from $133.00 to $160.00 and gave the company an “overweight” rating in a research report on Wednesday, March 5th. Phillip Securities raised shares of SEA from a “moderate sell” rating to a “hold” rating in a research report on Friday, March 7th. UBS Group raised their price objective on shares of SEA from $135.00 to $176.00 and gave the stock a “buy” rating in a research report on Friday, March 7th. Finally, Benchmark raised their price objective on shares of SEA from $130.00 to $150.00 and gave the stock a “buy” rating in a research report on Wednesday, March 5th. Three analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target 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.