Capital International Sarl Increases Holdings in Sea Limited (NYSE:SE)

Capital International Sarl raised its stake in Sea Limited (NYSE:SE) by 43.1% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 22,832 shares of the Internet company based in Singapore’s stock after buying an additional 6,879 shares during the quarter. Capital International Sarl’s holdings in SEA were worth $2,422,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of SE. Norges Bank acquired a new stake in SEA during the fourth quarter worth $1,493,682,000. WCM Investment Management LLC grew its holdings in shares of 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 purchasing an additional 4,761,289 shares during the period. Perpetual Ltd increased its position in shares of SEA by 3,033.0% during the 4th quarter. Perpetual Ltd now owns 2,098,003 shares of the Internet company based in Singapore’s stock worth $222,598,000 after purchasing an additional 2,031,038 shares during the last quarter. Baillie Gifford & Co. raised its holdings in SEA by 3.5% in the 4th quarter. Baillie Gifford & Co. now owns 40,954,549 shares of the Internet company based in Singapore’s stock valued at $4,345,278,000 after buying an additional 1,390,531 shares during the period. Finally, Ninety One UK Ltd lifted its position in SEA by 1,673.2% in the fourth quarter. Ninety One UK Ltd now owns 1,243,888 shares of the Internet company based in Singapore’s stock valued at $131,977,000 after buying an additional 1,173,738 shares during the last quarter. 59.53% of the stock is owned by institutional investors and hedge funds.

SEA Stock Performance

Shares of SE opened at $120.97 on Friday. The company has a market capitalization of $69.24 billion, a price-to-earnings ratio of 806.49 and a beta of 1.73. Sea Limited has a 52-week low of $54.82 and a 52-week high of $147.73. 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 stock has a 50 day moving average price of $126.40 and a 200 day moving average price of $114.79.

Analyst Ratings Changes

A number of brokerages have issued reports on SE. 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. Wedbush reissued an “outperform” rating and set a $135.00 target price on shares of SEA in a research note on Tuesday. Sanford C. Bernstein set a $145.00 target price on SEA and gave the company an “outperform” rating in a research report on Wednesday, March 5th. Barclays boosted their price target on shares of SEA from $148.00 to $182.00 and gave the stock an “overweight” rating in a research note 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 company a “buy” rating in a research note on Tuesday, March 4th. Four analysts have rated the stock with a hold rating, ten have assigned a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $121.73.

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.