7,796 Shares in Sea Limited (NYSE:SE) Purchased by Algert Global LLC

Algert Global LLC purchased a new stake in shares of Sea Limited (NYSE:SE) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 7,796 shares of the Internet company based in Singapore’s stock, valued at approximately $827,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Perpetual Ltd lifted its position in shares of SEA by 3,033.0% in the 4th 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 period. Ninety One UK Ltd raised its position in shares of SEA by 1,673.2% in the 4th quarter. Ninety One UK Ltd now owns 1,243,888 shares of the Internet company based in Singapore’s stock worth $131,977,000 after acquiring an additional 1,173,738 shares in the last quarter. SeaTown Holdings Pte. Ltd. purchased a new position in shares of SEA in the 4th quarter valued at approximately $4,821,000. Charles Schwab Investment Management Inc. boosted its position in shares of SEA by 7.1% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 291,158 shares of the Internet company based in Singapore’s stock valued at $30,892,000 after purchasing an additional 19,411 shares in the last quarter. Finally, Nisa Investment Advisors LLC grew its stake in SEA by 95.7% in the fourth quarter. Nisa Investment Advisors LLC now owns 12,558 shares of the Internet company based in Singapore’s stock worth $1,332,000 after purchasing an additional 6,140 shares during the period. Hedge funds and other institutional investors own 59.53% of the company’s stock.

SEA Trading Down 4.6 %

NYSE SE opened at $139.18 on Friday. The company has a fifty day moving average of $127.18 and a 200 day moving average of $118.62. The company has a market capitalization of $81.99 billion, a PE ratio of 927.87 and a beta of 1.70. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.62 and a quick ratio of 1.60. Sea Limited has a 1 year low of $55.00 and a 1 year high of $147.73.

Wall Street Analysts Forecast Growth

SE has been the subject of a number of analyst reports. Jefferies Financial Group raised their target price on shares of SEA from $131.00 to $157.00 and gave the company a “buy” rating in a research note on Tuesday, March 4th. UBS Group lifted their target price on shares of SEA from $135.00 to $176.00 and gave the stock a “buy” rating in a report on Friday, March 7th. Loop Capital boosted their price objective on shares of SEA from $135.00 to $165.00 and gave the stock a “buy” rating in a report on Monday, March 31st. Wedbush reiterated an “outperform” rating and set a $135.00 target price on shares of SEA in a research note on Tuesday, April 15th. Finally, Arete Research raised SEA to a “strong-buy” rating in a report on Sunday, March 23rd. Five investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $130.00.

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.