GQG Partners LLC Takes Position in Sea Limited (NYSE:SE)

GQG Partners LLC purchased a new position in Sea Limited (NYSE:SE) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 269,444 shares of the Internet company based in Singapore’s stock, valued at approximately $28,588,000.

Several other large investors also recently bought and sold shares of the business. Caprock Group LLC bought a new stake in shares of SEA in the 3rd quarter worth about $267,000. PNC Financial Services Group Inc. grew its position in SEA by 322.8% in the third quarter. PNC Financial Services Group Inc. now owns 37,327 shares of the Internet company based in Singapore’s stock worth $3,519,000 after acquiring an additional 28,499 shares in the last quarter. First Horizon Advisors Inc. increased its stake in SEA by 248.3% during the third quarter. First Horizon Advisors Inc. now owns 700 shares of the Internet company based in Singapore’s stock worth $66,000 after acquiring an additional 499 shares during the last quarter. Charles Schwab Investment Management Inc. raised its position in SEA by 9.8% during the third quarter. Charles Schwab Investment Management Inc. now owns 271,747 shares of the Internet company based in Singapore’s stock valued at $25,620,000 after purchasing an additional 24,216 shares during the period. Finally, Icon Wealth Advisors LLC bought a new stake in shares of SEA in the 3rd quarter valued at approximately $47,000. Institutional investors own 59.53% of the company’s stock.

SEA Price Performance

SE opened at $129.69 on Tuesday. The company has a market capitalization of $74.23 billion, a price-to-earnings ratio of 864.63 and a beta of 1.62. The company has a current ratio of 1.62, a quick ratio of 1.60 and a debt-to-equity ratio of 0.36. Sea Limited has a 12-month low of $51.70 and a 12-month high of $147.73. The business’s fifty day simple moving average is $125.76 and its 200-day simple moving average is $110.21.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the company. UBS Group boosted 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. JPMorgan Chase & Co. boosted their price objective 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. Barclays raised their target price on shares of SEA from $148.00 to $182.00 and gave the stock an “overweight” rating in a 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. Finally, Jefferies Financial Group raised their price objective 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. Three investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus 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.