Thoroughbred Financial Services LLC Buys 4,070 Shares of Sea Limited (NYSE:SE)

Thoroughbred Financial Services LLC grew its stake in Sea Limited (NYSE:SE) by 21.0% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 23,426 shares of the Internet company based in Singapore’s stock after buying an additional 4,070 shares during the quarter. Thoroughbred Financial Services LLC’s holdings in SEA were worth $2,485,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in the stock. Norges Bank bought a new stake in SEA in the 4th quarter valued at approximately $1,493,682,000. WCM Investment Management LLC lifted its position 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 worth $2,758,331,000 after purchasing an additional 4,761,289 shares in the last quarter. Perpetual Ltd boosted its holdings 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 worth $222,598,000 after purchasing an additional 2,031,038 shares during the last quarter. CoreView Capital Management Ltd grew its position in SEA by 341.1% in the third quarter. CoreView Capital Management Ltd now owns 1,996,376 shares of the Internet company based in Singapore’s stock valued at $188,218,000 after purchasing an additional 1,543,743 shares in the last quarter. Finally, Baillie Gifford & Co. increased its stake 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 last quarter. Institutional investors own 59.53% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently weighed in on SE. Barclays raised their price objective on SEA from $148.00 to $182.00 and gave the company an “overweight” rating in a report on Friday, March 7th. Benchmark raised their price target on SEA from $130.00 to $150.00 and gave the company a “buy” rating in a research note on Wednesday, March 5th. Loop Capital upped their price objective on SEA from $135.00 to $165.00 and gave the stock a “buy” rating in a research note on Monday, March 31st. Phillip Securities raised shares of SEA from a “moderate sell” rating to a “hold” rating in a research note on Friday, March 7th. Finally, Jefferies Financial Group boosted their target price on shares of SEA from $131.00 to $157.00 and gave the stock a “buy” rating in a report on Tuesday, March 4th. Three research analysts have rated the stock with a hold rating, eleven have given a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, SEA presently has a consensus rating of “Moderate Buy” and an average price target of $121.40.

SEA Stock Performance

Shares of SE stock opened at $106.18 on Friday. Sea Limited has a 52 week low of $51.70 and a 52 week high of $147.73. The company has a market capitalization of $60.77 billion, a price-to-earnings ratio of 707.88 and a beta of 1.73. The company has a 50-day simple moving average of $128.04 and a 200 day simple moving average of $112.83. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.60 and a current ratio of 1.62.

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.