Lazard Asset Management LLC Has $5.82 Million Position in Sea Limited (NYSE:SE)

Lazard Asset Management LLC raised its position in Sea Limited (NYSE:SE) by 17.3% in the fourth quarter, HoldingsChannel.com reports. The fund owned 54,835 shares of the Internet company based in Singapore’s stock after purchasing an additional 8,086 shares during the quarter. Lazard Asset Management LLC’s holdings in SEA were worth $5,817,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently added to or reduced their stakes in SE. Baillie Gifford & Co. lifted its stake in shares of SEA by 3.5% during the 4th quarter. Baillie Gifford & Co. now owns 40,954,549 shares of the Internet company based in Singapore’s stock worth $4,345,278,000 after buying an additional 1,390,531 shares during the last quarter. WCM Investment Management LLC lifted its stake in shares of SEA by 22.8% during the 4th 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 buying an additional 4,761,289 shares during the last quarter. Norges Bank acquired a new stake in shares of SEA during the 4th quarter worth about $1,493,682,000. Capital Research Global Investors lifted its stake 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 worth $862,175,000 after buying an additional 1,325,183 shares during the last quarter. Finally, Geode Capital Management LLC lifted its stake in shares of SEA by 4.6% during the 4th quarter. Geode Capital Management LLC now owns 3,201,601 shares of the Internet company based in Singapore’s stock worth $335,084,000 after buying an additional 142,080 shares during the last quarter. Institutional investors and hedge funds own 59.53% of the company’s stock.

SEA Trading Up 0.9%

SE opened at $164.62 on Friday. Sea Limited has a fifty-two week low of $55.00 and a fifty-two week high of $164.71. 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 firm has a market capitalization of $96.98 billion, a price-to-earnings ratio of 1,097.47 and a beta of 1.70. The company’s 50 day moving average price is $128.65 and its two-hundred day moving average price is $120.04.

Analyst Ratings Changes

A number of analysts have recently issued reports on SE shares. Arete Research upgraded shares of SEA to a “strong-buy” rating in a research note on Sunday, March 23rd. UBS Group raised their price target on shares of SEA from $135.00 to $176.00 and gave the stock a “buy” rating in a research report on Friday, March 7th. Sanford C. Bernstein reaffirmed an “outperform” rating and set a $170.00 price target on shares of SEA in a research report on Wednesday. Phillip Securities raised shares of SEA from a “moderate sell” rating to a “hold” rating in a research report on Friday, March 7th. Finally, Wedbush reaffirmed an “outperform” rating and set a $135.00 price target on shares of SEA in a research report on Tuesday, April 15th. Three analysts have rated the stock with a hold rating, nine have assigned a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $145.23.

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.