181,405 Shares in Sea Limited (NYSE:SE) Bought by Raymond James Financial Inc.

Raymond James Financial Inc. bought a new stake in Sea Limited (NYSE:SE - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 181,405 shares of the Internet company based in Singapore's stock, valued at approximately $19,247,000.

Several other hedge funds and other institutional investors have also made changes to their positions in SE. Norges Bank acquired a new position in SEA during the fourth quarter worth about $1,493,682,000. WCM Investment Management LLC boosted its holdings 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 purchasing an additional 4,761,289 shares during the last quarter. Perpetual Ltd grew its position in shares of SEA by 3,033.0% in the fourth quarter. Perpetual Ltd now owns 2,098,003 shares of the Internet company based in Singapore's stock valued at $222,598,000 after purchasing an additional 2,031,038 shares in the last quarter. Baillie Gifford & Co. increased its holdings in shares of SEA by 3.5% in the fourth quarter. Baillie Gifford & Co. now owns 40,954,549 shares of the Internet company based in Singapore's stock valued at $4,345,278,000 after purchasing an additional 1,390,531 shares during the last quarter. Finally, Ninety One UK Ltd increased its holdings in shares of SEA by 1,673.2% in the fourth quarter. Ninety One UK Ltd now owns 1,243,888 shares of the Internet company based in Singapore's stock valued at $131,977,000 after purchasing an additional 1,173,738 shares during the last quarter. Hedge funds and other institutional investors own 59.53% of the company's stock.

Analyst Upgrades and Downgrades

SE has been the subject of several recent analyst reports. Barclays raised their price objective 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. Loop Capital upped their price objective on SEA from $135.00 to $165.00 and gave the company a "buy" rating in a report on Monday, March 31st. Jefferies Financial Group lifted their target price on SEA from $131.00 to $157.00 and gave the company a "buy" rating in a research report on Tuesday, March 4th. Arete Research raised SEA to a "strong-buy" rating in a research report on Sunday, March 23rd. Finally, Phillip Securities raised shares of SEA from a "moderate sell" rating to a "hold" rating in a research report on Friday, March 7th. Four 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, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $125.43.

SEA Stock Up 2.9 %

NYSE SE traded up $3.59 during trading hours on Friday, hitting $127.82. The company had a trading volume of 1,163,037 shares, compared to its average volume of 4,824,630. The firm's 50 day moving average is $125.33 and its 200 day moving average is $115.47. 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 fifty-two week low of $55.00 and a fifty-two week high of $147.73. The company has a market capitalization of $73.16 billion, a price-to-earnings ratio of 852.13 and a beta of 1.73.

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.