Sea Limited (NYSE:SE) Shares Purchased by iA Global Asset Management Inc.

iA Global Asset Management Inc. raised its stake in shares of Sea Limited (NYSE:SE) by 45.0% in the 4th quarter, HoldingsChannel.com reports. The firm owned 69,469 shares of the Internet company based in Singapore’s stock after purchasing an additional 21,567 shares during the quarter. iA Global Asset Management Inc.’s holdings in SEA were worth $7,371,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Baillie Gifford & Co. boosted its stake in shares of 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 valued at $4,345,278,000 after purchasing an additional 1,390,531 shares during the period. WCM Investment Management LLC boosted its stake in shares of SEA by 22.8% in the fourth quarter. WCM Investment Management LLC now owns 25,663,667 shares of the Internet company based in Singapore’s stock valued at $2,758,331,000 after purchasing an additional 4,761,289 shares during the period. Geode Capital Management LLC boosted its stake in shares of 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 period. William Blair Investment Management LLC boosted its stake in shares of SEA by 32.5% in 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. Finally, Perpetual Ltd boosted its stake in shares of SEA by 3,033.0% in the fourth quarter. Perpetual Ltd now owns 2,098,003 shares of the Internet company based in Singapore’s stock valued at $222,598,000 after purchasing an additional 2,031,038 shares during the period. Institutional investors and hedge funds own 59.53% of the company’s stock.

SEA Stock Up 0.7 %

SE opened at $127.07 on Friday. Sea Limited has a fifty-two week low of $51.70 and a fifty-two week high of $147.73. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.62 and a quick ratio of 1.60. The firm’s fifty day moving average price is $124.94 and its two-hundred day moving average price is $109.07. The company has a market capitalization of $72.73 billion, a P/E ratio of 847.15 and a beta of 1.61.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on SE shares. JPMorgan Chase & Co. increased their price objective on shares of SEA from $133.00 to $160.00 and gave the company an “overweight” rating in a research note on Wednesday, March 5th. Sanford C. Bernstein set a $145.00 price objective on shares of SEA and gave the company an “outperform” rating in a research note on Wednesday, March 5th. UBS Group increased their price objective on shares of SEA from $135.00 to $176.00 and gave the company a “buy” rating in a research note on Friday, March 7th. Barclays increased their price objective on shares of SEA from $148.00 to $182.00 and gave the company an “overweight” rating in a research note on Friday, March 7th. Finally, Benchmark increased their price objective on shares of SEA from $130.00 to $150.00 and gave the company a “buy” rating in a research note on Wednesday, March 5th. Three analysts have rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, SEA presently has an average rating of “Moderate Buy” and a consensus price target 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.