Sig Brokerage LP Makes New $617,000 Investment in Sea Limited (NYSE:SE)

Sig Brokerage LP purchased a new position in shares of Sea Limited (NYSE:SE - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 5,811 shares of the Internet company based in Singapore's stock, valued at approximately $617,000.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. Norges Bank acquired a new stake in SEA in the fourth quarter worth about $1,493,682,000. WCM Investment Management LLC lifted its position in SEA by 22.8% in the fourth 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 period. Perpetual Ltd boosted its stake in SEA by 3,033.0% during the 4th 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. lifted its stake in SEA by 3.5% during 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, Capital Research Global Investors boosted 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 acquiring an additional 1,325,183 shares in the last quarter. 59.53% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts have commented on SE shares. Sanford C. Bernstein reiterated an "outperform" rating and issued a $170.00 target price on shares of SEA in a report on Wednesday, May 14th. Arete Research upgraded shares of SEA to a "strong-buy" rating in a report on Sunday, March 23rd. Phillip Securities raised SEA from a "moderate sell" rating to a "hold" rating in a research report on Friday, March 7th. Benchmark boosted their price target on shares of SEA from $150.00 to $180.00 and gave the company a "buy" rating in a report on Wednesday, May 14th. Finally, Loop Capital raised 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. Three analysts have rated the stock with a hold rating, nine have assigned a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $145.23.

SEA Trading Up 0.4%

Shares of SE traded up $0.63 during trading hours on Wednesday, hitting $163.04. 1,249,484 shares of the stock traded hands, compared to its average volume of 4,450,059. The business has a fifty day moving average of $130.74 and a 200-day moving average of $121.60. The firm has a market capitalization of $96.05 billion, a PE ratio of 1,089.83 and a beta of 1.70. Sea Limited has a 1-year low of $55.00 and a 1-year high of $165.31. The company has a current ratio of 1.62, a quick ratio of 1.60 and a debt-to-equity ratio of 0.36.

SEA (NYSE:SE - Get Free Report) last announced its quarterly earnings results on Tuesday, May 13th. The Internet company based in Singapore reported $0.65 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.93 by ($0.28). SEA had a return on equity of 1.40% and a net margin of 0.64%. The business had revenue of $4.84 billion during the quarter, compared to the consensus estimate of $4.90 billion. During the same quarter last year, the company earned ($0.04) earnings per share. The firm's revenue was up 29.6% compared to the same quarter last year. Analysts expect that Sea Limited will post 0.74 EPS for the current year.

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.