Absoluto Partners Gestao de Recursos Ltda Acquires New Position in Sea Limited (NYSE:SE)

Absoluto Partners Gestao de Recursos Ltda purchased a new position in shares of Sea Limited (NYSE:SE - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 11,866 shares of the Internet company based in Singapore's stock, valued at approximately $1,259,000. SEA makes up about 1.1% of Absoluto Partners Gestao de Recursos Ltda's holdings, making the stock its 21st biggest position.

A number of other institutional investors have also added to or reduced their stakes in SE. Norges Bank bought a new position in SEA during the 4th quarter worth $1,493,682,000. WCM Investment Management LLC raised its stake in SEA by 22.8% in 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 in the last quarter. Perpetual Ltd boosted its holdings 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 valued at $222,598,000 after purchasing an additional 2,031,038 shares during the period. Baillie Gifford & Co. grew its position 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 worth $4,345,278,000 after buying an additional 1,390,531 shares in the last quarter. Finally, Capital Research Global Investors increased its stake in 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 during the period. 59.53% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on SE shares. UBS Group increased their price objective on shares of SEA from $135.00 to $176.00 and gave the stock a "buy" rating in a research note on Friday, March 7th. Jefferies Financial Group boosted their target price on shares of SEA from $131.00 to $157.00 and gave the stock a "buy" rating in a report on Tuesday, March 4th. Arete Research upgraded shares of SEA to a "strong-buy" rating in a report on Sunday, March 23rd. Benchmark upped their price target on shares of SEA from $130.00 to $150.00 and gave the company a "buy" rating in a research report on Wednesday, March 5th. Finally, Sanford C. Bernstein set a $145.00 target price on SEA and gave the company an "outperform" rating in a research report on Wednesday, March 5th. Four research 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's stock. According to data from MarketBeat, SEA currently has an average rating of "Moderate Buy" and an average price target of $125.43.

SEA Stock Up 0.0 %

SEA stock traded up $0.02 during midday trading on Tuesday, hitting $142.52. 3,286,011 shares of the stock were exchanged, compared to its average volume of 4,550,113. Sea Limited has a 52-week low of $55.00 and a 52-week high of $147.73. The business's 50-day moving average price is $125.98 and its 200-day moving average price is $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. The stock has a market capitalization of $83.96 billion, a price-to-earnings ratio of 950.11 and a beta of 1.70.

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.