Sea Limited (NYSE:SE) Shares Bought by Axiom Investors LLC DE

Axiom Investors LLC DE grew its stake in Sea Limited (NYSE:SE) by 75.0% during the 4th quarter, Holdings Channel reports. The firm owned 629,174 shares of the Internet company based in Singapore’s stock after purchasing an additional 269,684 shares during the quarter. Axiom Investors LLC DE’s holdings in SEA were worth $66,755,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of SE. 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. WCM Investment Management LLC lifted its position 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 buying an additional 4,761,289 shares during the last quarter. Norges Bank acquired a new position in SEA in the fourth quarter valued at $1,493,682,000. Geode Capital Management LLC grew its stake in SEA by 4.2% during the 3rd quarter. Geode Capital Management LLC now owns 3,059,521 shares of the Internet company based in Singapore’s stock worth $283,543,000 after buying an additional 124,433 shares during the last quarter. Finally, William Blair Investment Management LLC increased its holdings in shares of SEA by 32.5% in the 4th 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 acquiring an additional 547,509 shares during the period. 59.53% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts have recently commented on the stock. Jefferies Financial Group raised their target price on shares of SEA from $131.00 to $157.00 and gave the stock a “buy” rating in a research note on Tuesday, March 4th. Arete Research raised shares of SEA to a “strong-buy” rating in a research note on Sunday, March 23rd. UBS Group upped their target price on SEA from $135.00 to $176.00 and gave the company a “buy” rating in a research note on Friday, March 7th. Phillip Securities raised SEA from a “moderate sell” rating to a “hold” rating in a research report on Friday, March 7th. Finally, Sanford C. Bernstein set a $145.00 target price on SEA and gave the company an “outperform” rating in a research note on Wednesday, March 5th. Three analysts have rated the stock with a hold rating, eleven have assigned a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $116.67.

SEA Price Performance

SE opened at $130.96 on Monday. The company’s 50 day simple moving average is $127.28 and its 200-day simple moving average is $111.72. Sea Limited has a one year low of $51.70 and a one year high of $147.73. The stock has a market capitalization of $74.95 billion, a P/E ratio of 873.05 and a beta of 1.62. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.62 and a quick ratio of 1.60.

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.