208,655 Shares in Sea Limited (NYSE:SE) Purchased by Anatole Investment Management Ltd

Anatole Investment Management Ltd purchased a new stake in Sea Limited (NYSE:SE - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 208,655 shares of the Internet company based in Singapore's stock, valued at approximately $22,138,000. SEA comprises 10.2% of Anatole Investment Management Ltd's investment portfolio, making the stock its 6th biggest position.

A number of other hedge funds have also modified their holdings of the business. Perpetual Ltd grew its stake in 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 acquiring an additional 2,031,038 shares during the period. Ninety One UK Ltd grew its position 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 period. SeaTown Holdings Pte. Ltd. acquired a new position in SEA in the fourth quarter valued at $4,821,000. Charles Schwab Investment Management Inc. boosted its stake in SEA by 7.1% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 291,158 shares of the Internet company based in Singapore's stock worth $30,892,000 after buying an additional 19,411 shares during the last quarter. Finally, Nisa Investment Advisors LLC grew its holdings in SEA by 95.7% in the 4th quarter. Nisa Investment Advisors LLC now owns 12,558 shares of the Internet company based in Singapore's stock valued at $1,332,000 after buying an additional 6,140 shares during the period. 59.53% of the stock is owned by hedge funds and other institutional investors.

SEA Stock Performance

NYSE:SE traded up $0.75 during trading hours on Monday, reaching $142.53. 2,556,571 shares of the stock were exchanged, compared to its average volume of 4,560,104. The stock has a market capitalization of $83.97 billion, a P/E ratio of 950.20 and a beta of 1.70. The firm has a 50 day simple moving average of $125.98 and a 200-day simple moving average of $117.55. 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 52 week low of $55.00 and a 52 week high of $147.73.

Wall Street Analyst Weigh In

SE has been the topic of several research analyst reports. UBS Group raised their target price 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. Barclays boosted their price objective on shares of SEA from $148.00 to $182.00 and gave the company an "overweight" rating in a research note on Friday, March 7th. Arete Research raised SEA to a "strong-buy" rating in a research report on Sunday, March 23rd. JPMorgan Chase & Co. downgraded SEA from an "overweight" rating to a "neutral" rating and lowered their price target for the company from $160.00 to $135.00 in a research report on Wednesday, April 16th. Finally, Jefferies Financial Group lifted their price objective on SEA from $131.00 to $157.00 and gave the company a "buy" rating in a research note on Tuesday, March 4th. Four investment 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. According to MarketBeat, SEA has a consensus rating of "Moderate Buy" and a consensus price target of $125.43.

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.