Capital Research Global Investors Buys 1,325,183 Shares of Sea Limited (NYSE:SE)

Capital Research Global Investors increased its stake in shares of Sea Limited (NYSE:SE) by 19.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 8,126,064 shares of the Internet company based in Singapore’s stock after purchasing an additional 1,325,183 shares during the quarter. Capital Research Global Investors owned about 1.42% of SEA worth $862,175,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of the stock. Private Trust Co. NA raised its stake in shares of SEA by 474.4% during the fourth quarter. Private Trust Co. NA now owns 247 shares of the Internet company based in Singapore’s stock worth $26,000 after buying an additional 204 shares during the last quarter. Kestra Investment Management LLC bought a new position in shares of SEA in the 4th quarter worth $34,000. Farther Finance Advisors LLC grew its stake in shares of SEA by 43.8% during the fourth quarter. Farther Finance Advisors LLC now owns 368 shares of the Internet company based in Singapore’s stock worth $39,000 after purchasing an additional 112 shares during the period. Huntington National Bank increased its holdings in SEA by 783.6% in the fourth quarter. Huntington National Bank now owns 486 shares of the Internet company based in Singapore’s stock valued at $52,000 after purchasing an additional 431 shares during the last quarter. Finally, Geneos Wealth Management Inc. lifted its stake in SEA by 4,663.6% in the fourth quarter. Geneos Wealth Management Inc. now owns 524 shares of the Internet company based in Singapore’s stock valued at $56,000 after buying an additional 513 shares during the period. 59.53% of the stock is owned by institutional investors.

SEA Price Performance

Shares of SE opened at $120.97 on Friday. The company has a quick ratio of 1.60, a current ratio of 1.62 and a debt-to-equity ratio of 0.36. Sea Limited has a twelve month low of $55.00 and a twelve month high of $147.73. The stock has a market capitalization of $69.24 billion, a P/E ratio of 806.49 and a beta of 1.73. The company has a 50 day moving average of $126.40 and a 200-day moving average of $114.93.

Analyst Ratings Changes

A number of brokerages have recently commented on SE. UBS Group upped their price target on SEA from $135.00 to $176.00 and gave the company a “buy” rating in a research note on Friday, March 7th. Arete Research upgraded shares of SEA to a “strong-buy” rating in a report on Sunday, March 23rd. Barclays lifted their price target on shares of SEA from $148.00 to $182.00 and gave the stock an “overweight” rating in a research report on Friday, March 7th. Jefferies Financial Group raised their price objective on SEA from $131.00 to $157.00 and gave the stock a “buy” rating in a research note on Tuesday, March 4th. Finally, Phillip Securities upgraded SEA from a “moderate sell” rating to a “hold” rating in a report on Friday, March 7th. Four analysts have rated the stock with a hold rating, ten have issued a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, SEA currently has an average rating of “Moderate Buy” and an average price target of $121.73.

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.