Nomura Asset Management Co. Ltd. Boosts Stake in Sea Limited (NYSE:SE)

Nomura Asset Management Co. Ltd. lifted its holdings in Sea Limited (NYSE:SE) by 5.1% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 170,527 shares of the Internet company based in Singapore’s stock after buying an additional 8,277 shares during the period. Nomura Asset Management Co. Ltd.’s holdings in SEA were worth $18,093,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the business. Baillie Gifford & Co. raised its position in SEA by 3.5% in 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 acquiring an additional 1,390,531 shares during the period. WCM Investment Management LLC increased its stake 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 last quarter. Norges Bank bought a new stake in shares of SEA in the 4th quarter worth approximately $1,493,682,000. Geode Capital Management LLC lifted its stake in SEA by 4.2% in the third 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 during the last quarter. Finally, William Blair Investment Management LLC grew its holdings in SEA by 32.5% during the fourth quarter. William Blair Investment Management LLC now owns 2,233,158 shares of the Internet company based in Singapore’s stock valued at $236,928,000 after purchasing an additional 547,509 shares during the period. 59.53% of the stock is owned by institutional investors.

SEA Price Performance

NYSE: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 stock has a fifty day moving average of $127.28 and a 200 day moving average of $111.49. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.60 and a current ratio of 1.62. The firm has a market capitalization of $74.95 billion, a price-to-earnings ratio of 873.05 and a beta of 1.62.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on SE shares. Arete Research upgraded SEA to a “strong-buy” rating in a research note on Sunday, March 23rd. Barclays boosted their price objective on SEA from $148.00 to $182.00 and gave the company an “overweight” rating in a research note on Friday, March 7th. UBS Group increased their target price on shares of SEA from $135.00 to $176.00 and gave the stock a “buy” rating in a research report on Friday, March 7th. JPMorgan Chase & Co. boosted their price target 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. Finally, Phillip Securities raised shares of SEA from a “moderate sell” rating to a “hold” rating in a report on Friday, March 7th. Three analysts have rated the stock with a hold rating, eleven have given a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, SEA currently 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.