CI Investments Inc. Purchases 41,296 Shares of Sea Limited (NYSE:SE)


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CI Investments Inc. increased its position in shares of Sea Limited (NYSE:SE) by 29.8% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 179,845 shares of the Internet company based in Singapore’s stock after purchasing an additional 41,296 shares during the period. CI Investments Inc.’s holdings in SEA were worth $35,798,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. FMR LLC grew its stake in shares of SEA by 8.4% in the 4th quarter. FMR LLC now owns 13,136,219 shares of the Internet company based in Singapore’s stock worth $2,614,765,000 after buying an additional 1,016,198 shares in the last quarter. Nikko Asset Management Americas Inc. grew its stake in shares of SEA by 88.7% in the 3rd quarter. Nikko Asset Management Americas Inc. now owns 2,426,768 shares of the Internet company based in Singapore’s stock worth $379,183,000 after buying an additional 1,140,409 shares in the last quarter. William Blair Investment Management LLC grew its stake in shares of SEA by 54.5% in the 3rd quarter. William Blair Investment Management LLC now owns 2,142,572 shares of the Internet company based in Singapore’s stock worth $330,065,000 after buying an additional 756,052 shares in the last quarter. Jennison Associates LLC grew its stake in shares of SEA by 26.2% in the 4th quarter. Jennison Associates LLC now owns 1,427,442 shares of the Internet company based in Singapore’s stock worth $284,132,000 after buying an additional 296,127 shares in the last quarter. Finally, TD Asset Management Inc. grew its stake in shares of SEA by 25.8% in the 3rd quarter. TD Asset Management Inc. now owns 1,029,654 shares of the Internet company based in Singapore’s stock worth $158,608,000 after buying an additional 211,142 shares in the last quarter. Institutional investors own 74.36% of the company’s stock.

Shares of SE opened at $252.96 on Tuesday. Sea Limited has a 1-year low of $35.61 and a 1-year high of $285.00. The company has a 50-day moving average of $238.53 and a 200 day moving average of $184.28. The firm has a market capitalization of $82.73 billion, a price-to-earnings ratio of -86.04 and a beta of 1.36. The company has a debt-to-equity ratio of 2.49, a current ratio of 1.47 and a quick ratio of 1.46.

SE has been the subject of a number of recent research reports. Cowen lifted their price objective on shares of SEA from $225.00 to $320.00 and gave the stock an “outperform” rating in a research note on Tuesday. Piper Sandler lifted their price objective on shares of SEA from $166.00 to $200.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 18th. UBS Group lifted their price target on shares of SEA from $200.00 to $215.00 and gave the stock a “buy” rating in a research note on Wednesday, November 18th. Morgan Stanley lifted their price target on shares of SEA from $188.00 to $250.00 in a research note on Monday, February 1st. Finally, Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell lifted their price target on shares of SEA from $168.00 to $198.00 in a research note on Wednesday, November 18th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and eight have given a buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $189.75.

SEA Profile

Sea Limited engages in the digital entertainment, e-commerce, and digital financial service businesses in Southeast Asia, Latin America, rest of Asia, and internationally. It provides Garena digital entertainment platform for users to access mobile and PC online games, as well as eSports operations; and access to other entertainment content, such as livestreaming of gameplay and social features , such as user chat and online forums.

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Institutional Ownership by Quarter for SEA (NYSE:SE)

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