Geode Capital Management LLC Acquires 142,080 Shares of Sea Limited (NYSE:SE)

Geode Capital Management LLC raised its holdings in shares of Sea Limited (NYSE:SE) by 4.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 3,201,601 shares of the Internet company based in Singapore’s stock after buying an additional 142,080 shares during the period. Geode Capital Management LLC’s holdings in SEA were worth $335,084,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of the business. National Bank of Canada FI raised its holdings in SEA by 22.7% in the 4th quarter. National Bank of Canada FI now owns 516,671 shares of the Internet company based in Singapore’s stock worth $54,819,000 after purchasing an additional 95,472 shares during the period. B. Metzler seel. Sohn & Co. AG lifted its position in shares of SEA by 100.5% during the 4th quarter. B. Metzler seel. Sohn & Co. AG now owns 15,035 shares of the Internet company based in Singapore’s stock valued at $1,595,000 after buying an additional 7,535 shares in the last quarter. Alliancebernstein L.P. grew its stake in shares of SEA by 5.2% during the 4th quarter. Alliancebernstein L.P. now owns 94,826 shares of the Internet company based in Singapore’s stock valued at $10,061,000 after acquiring an additional 4,713 shares during the period. Axiom Investors LLC DE increased its holdings in SEA by 75.0% in the 4th quarter. Axiom Investors LLC DE now owns 629,174 shares of the Internet company based in Singapore’s stock worth $66,755,000 after acquiring an additional 269,684 shares in the last quarter. Finally, O Shaughnessy Asset Management LLC raised its stake in SEA by 47.3% during the 4th quarter. O Shaughnessy Asset Management LLC now owns 23,993 shares of the Internet company based in Singapore’s stock worth $2,546,000 after acquiring an additional 7,706 shares during the period. Hedge funds and other institutional investors own 59.53% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on SE shares. Sanford C. Bernstein set a $145.00 price objective on shares of SEA and gave the stock an “outperform” rating in a research note on Wednesday, March 5th. Barclays raised their price target on SEA from $148.00 to $182.00 and gave the company an “overweight” rating in a report on Friday, March 7th. UBS Group upped their price objective on SEA from $135.00 to $176.00 and gave the stock a “buy” rating in a research note on Friday, March 7th. Jefferies Financial Group lifted their target price on SEA from $131.00 to $157.00 and gave the company a “buy” rating in a research note on Tuesday, March 4th. Finally, JPMorgan Chase & Co. upped their price target on SEA from $133.00 to $160.00 and gave the stock an “overweight” rating in a research note on Wednesday, March 5th. Three investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $121.40.

SEA Stock Down 11.6 %

Shares of NYSE:SE opened at $106.18 on Friday. The company has a 50-day moving average price of $128.04 and a 200 day moving average price of $112.83. 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 company has a market cap of $60.77 billion, a price-to-earnings ratio of 707.88 and a beta of 1.73.

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.