Sea Limited (NYSE:SE) Position Raised by OVERSEA CHINESE BANKING Corp Ltd

OVERSEA CHINESE BANKING Corp Ltd boosted its holdings in shares of Sea Limited (NYSE:SE) by 5.3% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,317,939 shares of the Internet company based in Singapore’s stock after buying an additional 66,771 shares during the period. SEA makes up about 3.9% of OVERSEA CHINESE BANKING Corp Ltd’s holdings, making the stock its 4th largest holding. OVERSEA CHINESE BANKING Corp Ltd owned 0.23% of SEA worth $139,770,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. WCM Investment Management LLC grew its holdings in shares of SEA by 22.8% during the fourth 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 in the last quarter. Perpetual Ltd lifted its position in SEA by 3,033.0% during 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 last quarter. CoreView Capital Management Ltd grew its stake in SEA by 341.1% in the 3rd quarter. CoreView Capital Management Ltd now owns 1,996,376 shares of the Internet company based in Singapore’s stock worth $188,218,000 after buying an additional 1,543,743 shares in the last quarter. Baillie Gifford & Co. increased its holdings in shares of 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 worth $4,345,278,000 after buying an additional 1,390,531 shares during the last quarter. Finally, Ninety One UK Ltd raised its position in shares of SEA by 1,673.2% during the 4th quarter. Ninety One UK Ltd now owns 1,243,888 shares of the Internet company based in Singapore’s stock valued at $131,977,000 after buying an additional 1,173,738 shares in the last quarter. 59.53% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research firms recently commented on SE. JPMorgan Chase & Co. increased their target price on SEA from $133.00 to $160.00 and gave the company an “overweight” rating in a research note on Wednesday, March 5th. UBS Group increased their price objective on SEA from $135.00 to $176.00 and gave the company a “buy” rating in a research report on Friday, March 7th. Benchmark upped their target price on SEA from $130.00 to $150.00 and gave the stock a “buy” rating in a research note on Wednesday, March 5th. Sanford C. Bernstein set a $145.00 price target on shares of SEA and gave the stock an “outperform” rating in a research note on Wednesday, March 5th. Finally, Barclays boosted their price objective on shares of SEA from $148.00 to $182.00 and gave the stock an “overweight” 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 one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $116.67.

SEA Trading Down 5.6 %

SE opened at $125.17 on Wednesday. Sea Limited has a one year low of $51.70 and a one year 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 business has a 50 day simple moving average of $124.24 and a two-hundred day simple moving average of $108.83. The firm has a market capitalization of $71.64 billion, a price-to-earnings ratio of 834.47 and a beta of 1.61.

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.