Fred Alger Management LLC Buys 529,237 Shares of Sea Limited (NYSE:SE)

Fred Alger Management LLC increased its stake in shares of Sea Limited (NYSE:SE) by 100.3% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,056,878 shares of the Internet company based in Singapore’s stock after acquiring an additional 529,237 shares during the period. Fred Alger Management LLC owned about 0.18% of SEA worth $112,135,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. Circle Wealth Management LLC grew its position in shares of SEA by 36.2% in the 4th quarter. Circle Wealth Management LLC now owns 9,014 shares of the Internet company based in Singapore’s stock valued at $956,000 after acquiring an additional 2,398 shares during the period. Covenant Partners LLC grew its holdings in SEA by 2.4% during the fourth quarter. Covenant Partners LLC now owns 4,248 shares of the Internet company based in Singapore’s stock worth $451,000 after purchasing an additional 101 shares during the period. Caxton Associates LP acquired a new position in SEA during the fourth quarter worth approximately $2,308,000. Banque Transatlantique SA bought a new stake in SEA in the fourth quarter valued at approximately $39,000. Finally, Beverly Hills Private Wealth LLC acquired a new stake in shares of SEA in the fourth quarter valued at approximately $274,000. 59.53% of the stock is owned by institutional investors and hedge funds.

SEA Stock Down 0.0 %

Shares of NYSE:SE opened at $142.44 on Thursday. Sea Limited has a 1 year low of $55.00 and a 1 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’s 50-day moving average is $126.60 and its 200-day moving average is $117.89. The company has a market capitalization of $83.91 billion, a price-to-earnings ratio of 949.60 and a beta of 1.70.

Analysts Set New Price Targets

SE has been the topic of a number of research analyst reports. Jefferies Financial Group increased their price target on SEA from $131.00 to $157.00 and gave the company a “buy” rating in a research note on Tuesday, March 4th. Barclays raised their target price on shares of SEA from $148.00 to $182.00 and gave the stock an “overweight” rating in a research note on Friday, March 7th. Phillip Securities upgraded shares of SEA from a “moderate sell” rating to a “hold” rating in a research note on Friday, March 7th. UBS Group upped their target price on SEA from $135.00 to $176.00 and gave the company a “buy” rating in a research report on Friday, March 7th. Finally, Benchmark lifted 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. Four research analysts have rated the stock with a hold rating, nine have issued a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $125.43.

SEA Company 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.