Sea Limited (NYSE:SE) Shares Bought by Marcho Partners LLP

Marcho Partners LLP lifted its stake in Sea Limited (NYSE:SE) by 142.9% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 135,268 shares of the Internet company based in Singapore’s stock after acquiring an additional 79,590 shares during the quarter. SEA makes up 3.9% of Marcho Partners LLP’s portfolio, making the stock its 9th biggest holding. Marcho Partners LLP’s holdings in SEA were worth $14,352,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of SE. Resona Asset Management Co. Ltd. purchased a new stake in shares of SEA during the 4th quarter worth about $11,102,000. Charles Lim Capital Ltd increased its holdings in SEA by 15.2% in the fourth quarter. Charles Lim Capital Ltd now owns 1,008,301 shares of the Internet company based in Singapore’s stock worth $106,981,000 after buying an additional 133,301 shares during the last quarter. Thoroughbred Financial Services LLC raised its position in SEA by 21.0% during the fourth quarter. Thoroughbred Financial Services LLC now owns 23,426 shares of the Internet company based in Singapore’s stock valued at $2,485,000 after acquiring an additional 4,070 shares in the last quarter. Atlas Capital Advisors Inc. acquired a new stake in SEA in the fourth quarter valued at approximately $138,000. Finally, ExodusPoint Capital Management LP bought a new stake in SEA in the fourth quarter worth approximately $2,332,000. 59.53% of the stock is currently owned by hedge funds and other institutional investors.

SEA Price Performance

NYSE:SE opened at $106.18 on Friday. 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 Limited has a one year low of $51.70 and a one year high of $147.73. The company has a fifty day moving average price of $128.04 and a 200 day moving average price of $112.83. The stock has a market cap of $60.77 billion, a P/E ratio of 707.88 and a beta of 1.73.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on SE shares. Sanford C. Bernstein set a $145.00 price target on shares of SEA and gave the company an “outperform” rating in a report on Wednesday, March 5th. Jefferies Financial Group raised their target price on SEA from $131.00 to $157.00 and gave the company a “buy” rating in a report on Tuesday, March 4th. Barclays upped their price target on SEA from $148.00 to $182.00 and gave the stock an “overweight” rating in a research note on Friday, March 7th. Benchmark raised their price objective on SEA from $130.00 to $150.00 and gave the company a “buy” rating in a research note on Wednesday, March 5th. Finally, UBS Group upped their target price on SEA from $135.00 to $176.00 and gave the stock a “buy” rating in a research report on Friday, March 7th. Three analysts have rated the stock with a hold rating, eleven have issued a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, SEA has a consensus rating of “Moderate Buy” and an average target price of $121.40.

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.