BI Asset Management Fondsmaeglerselskab A S Buys 6,864 Shares of Sea Limited (NYSE:SE)

BI Asset Management Fondsmaeglerselskab A S boosted its position in shares of Sea Limited (NYSE:SE) by 12.4% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 62,235 shares of the Internet company based in Singapore’s stock after acquiring an additional 6,864 shares during the period. BI Asset Management Fondsmaeglerselskab A S’s holdings in SEA were worth $6,603,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Capital Research Global Investors raised its position in shares of SEA by 19.5% during the 4th quarter. Capital Research Global Investors now owns 8,126,064 shares of the Internet company based in Singapore’s stock valued at $862,175,000 after purchasing an additional 1,325,183 shares during the period. Dimensional Fund Advisors LP lifted its position in shares of SEA by 0.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 52,464 shares of the Internet company based in Singapore’s stock valued at $5,566,000 after acquiring an additional 415 shares in the last quarter. First Trust Advisors LP boosted its stake in shares of SEA by 9.6% in the fourth quarter. First Trust Advisors LP now owns 31,311 shares of the Internet company based in Singapore’s stock worth $3,322,000 after acquiring an additional 2,730 shares during the period. Freedom Investment Management Inc. bought a new stake in SEA during the 4th quarter valued at approximately $582,000. Finally, GeoWealth Management LLC lifted its holdings in SEA by 1,251.4% in the 4th quarter. GeoWealth Management LLC now owns 3,446 shares of the Internet company based in Singapore’s stock worth $366,000 after purchasing an additional 3,191 shares in the last quarter. Hedge funds and other institutional investors own 59.53% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on SE. Barclays lifted their price target on shares of SEA from $148.00 to $182.00 and gave the company an “overweight” rating in a report on Friday, March 7th. Loop Capital raised their price target on SEA from $135.00 to $165.00 and gave the company a “buy” rating in a report on Monday, March 31st. Arete Research raised SEA to a “strong-buy” rating in a report on Sunday, March 23rd. Benchmark raised their target price on shares of SEA from $130.00 to $150.00 and gave the company a “buy” rating in a report on Wednesday, March 5th. Finally, UBS Group upped their price target 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. Four analysts have rated the stock with a hold rating, ten have assigned a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, SEA has a consensus rating of “Moderate Buy” and a consensus target price of $121.73.

SEA Trading Up 1.9 %

NYSE SE opened at $120.97 on Friday. The stock has a market cap of $69.24 billion, a PE ratio of 806.49 and a beta of 1.73. Sea Limited has a 12 month low of $55.00 and a 12 month high of $147.73. The company’s 50-day moving average price is $126.40 and its 200-day moving average price is $114.93. The company has a current ratio of 1.62, a quick ratio of 1.60 and a debt-to-equity ratio of 0.36.

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.