Allianz SE Invests $2.34 Million in Sea Limited (NYSE:SE)

Allianz SE acquired a new stake in Sea Limited (NYSE:SE) in the fourth quarter, Holdings Channel reports. The firm acquired 21,810 shares of the Internet company based in Singapore’s stock, valued at approximately $2,342,000.

Several other large investors have also recently added to or reduced their stakes in the business. Baillie Gifford & Co. grew its position in shares of SEA by 3.5% during the fourth 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 buying an additional 1,390,531 shares in the last quarter. WCM Investment Management LLC grew its holdings in SEA by 22.8% during the 4th 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 stake in shares of SEA in the 4th quarter valued at approximately $1,493,682,000. Geode Capital Management LLC raised its holdings in shares of SEA by 4.2% in the 3rd 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 purchasing an additional 124,433 shares in the last quarter. Finally, William Blair Investment Management LLC lifted its position in shares of SEA by 32.5% during the 4th quarter. William Blair Investment Management LLC now owns 2,233,158 shares of the Internet company based in Singapore’s stock worth $236,928,000 after purchasing an additional 547,509 shares during the last quarter. 59.53% of the stock is owned by hedge funds and other institutional investors.

SEA Stock Down 2.0 %

SE opened at $130.96 on Friday. Sea Limited has a 52 week low of $51.70 and a 52 week high of $147.73. The business has a 50 day moving average price of $127.28 and a two-hundred day moving average price of $111.49. The company has a quick ratio of 1.60, a current ratio of 1.62 and a debt-to-equity ratio of 0.36. The company has a market cap of $74.95 billion, a PE ratio of 873.05 and a beta of 1.62.

Analyst Ratings Changes

Several research firms recently commented on SE. Jefferies Financial Group increased their target price on SEA from $131.00 to $157.00 and gave the company a “buy” rating in a report on Tuesday, March 4th. UBS Group raised their target price on SEA from $135.00 to $176.00 and gave the stock a “buy” rating in a research report on Friday, March 7th. Phillip Securities upgraded SEA from a “moderate sell” rating to a “hold” rating in a research note on Friday, March 7th. Sanford C. Bernstein set a $145.00 price target on shares of SEA and gave the company an “outperform” rating in a research note on Wednesday, March 5th. Finally, JPMorgan Chase & Co. boosted their price objective on shares of SEA from $133.00 to $160.00 and gave the stock an “overweight” rating in a research report on Wednesday, March 5th. Three research analysts have rated the stock with a hold rating, eleven have given a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, SEA has an average rating of “Moderate Buy” and an average price target of $116.67.

SEA Company 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.