Sea Limited (NYSE:SE) Shares Purchased by Sequoia Financial Advisors LLC

Sequoia Financial Advisors LLC raised its stake in Sea Limited (NYSE:SE) by 5.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 3,257 shares of the Internet company based in Singapore’s stock after buying an additional 176 shares during the quarter. Sequoia Financial Advisors LLC’s holdings in SEA were worth $346,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the stock. Baillie Gifford & Co. boosted its position in shares of SEA by 3.5% during the 4th quarter. Baillie Gifford & Co. now owns 40,954,549 shares of the Internet company based in Singapore’s stock worth $4,345,278,000 after purchasing an additional 1,390,531 shares during the period. WCM Investment Management LLC boosted its position 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 buying an additional 4,761,289 shares during the period. Geode Capital Management LLC grew its stake in shares of SEA by 4.2% in the third quarter. Geode Capital Management LLC now owns 3,059,521 shares of the Internet company based in Singapore’s stock valued at $283,543,000 after buying an additional 124,433 shares in the last quarter. Perpetual Ltd raised its holdings in shares of SEA by 3,033.0% in the 4th quarter. Perpetual Ltd now owns 2,098,003 shares of the Internet company based in Singapore’s stock valued at $222,598,000 after buying an additional 2,031,038 shares during the period. Finally, CoreView Capital Management Ltd lifted its stake in SEA by 341.1% during the 3rd quarter. CoreView Capital Management Ltd now owns 1,996,376 shares of the Internet company based in Singapore’s stock worth $188,218,000 after acquiring an additional 1,543,743 shares in the last quarter. Hedge funds and other institutional investors own 59.53% of the company’s stock.

SEA Trading Down 5.6 %

NYSE SE opened at $125.17 on Wednesday. The firm’s fifty day moving average price is $124.24 and its 200 day moving average price is $108.83. Sea Limited has a 12 month low of $51.70 and a 12 month 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 capitalization of $71.64 billion, a price-to-earnings ratio of 834.47 and a beta of 1.61.

Wall Street Analysts Forecast Growth

SE has been the subject of several research reports. UBS Group lifted their target price on SEA from $135.00 to $176.00 and gave the company a “buy” rating in a research report on Friday, March 7th. Phillip Securities upgraded shares of SEA from a “moderate sell” rating to a “hold” rating in a report on Friday, March 7th. Jefferies Financial Group boosted 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. Sanford C. Bernstein set a $145.00 price objective on SEA and gave the company an “outperform” rating in a research note on Wednesday, March 5th. Finally, Barclays boosted their target price on SEA from $148.00 to $182.00 and gave the stock an “overweight” rating in a research note on Friday, March 7th. Three 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, the company has an average rating of “Moderate Buy” and an average target price of $116.67.

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.