Ameriprise Financial Inc. Raises Stock Position in Sea Limited (NYSE:SE)

Ameriprise Financial Inc. grew its stake in Sea Limited (NYSE:SE - Free Report) by 18.7% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 198,310 shares of the Internet company based in Singapore's stock after purchasing an additional 31,224 shares during the quarter. Ameriprise Financial Inc.'s holdings in SEA were worth $21,041,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of the company. Norges Bank purchased a new position in SEA in the fourth quarter valued at approximately $1,493,682,000. WCM Investment Management LLC raised its holdings in shares of 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 valued at $2,758,331,000 after acquiring an additional 4,761,289 shares in the last quarter. Perpetual Ltd lifted its position in SEA by 3,033.0% during 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 during the last quarter. Baillie Gifford & Co. lifted its holdings 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 acquiring an additional 1,390,531 shares during the last quarter. Finally, Capital Research Global Investors boosted its holdings in shares of SEA by 19.5% in 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 purchasing an additional 1,325,183 shares in the last quarter. 59.53% of the stock is owned by hedge funds and other institutional investors.

SEA Price Performance

Shares of SE traded up $1.10 during mid-day trading on Monday, reaching $162.61. The stock had a trading volume of 3,967,211 shares, compared to its average volume of 4,472,202. The firm has a market cap of $95.80 billion, a price-to-earnings ratio of 1,084.07 and a beta of 1.70. Sea Limited has a 12 month low of $55.00 and a 12 month high of $165.31. The business has a fifty day moving average of $129.33 and a 200 day moving average of $120.85. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.60 and a current ratio of 1.62.

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

Analyst Upgrades and Downgrades

Several brokerages recently commented on SE. Sanford C. Bernstein reaffirmed an "outperform" rating and issued a $170.00 target price on shares of SEA in a research note on Wednesday, May 14th. Jefferies Financial Group upped their price target on SEA from $131.00 to $157.00 and gave the stock a "buy" rating in a research note on Tuesday, March 4th. Arete Research raised shares of SEA to a "strong-buy" rating in a report on Sunday, March 23rd. Barclays boosted their price target on SEA from $182.00 to $200.00 and gave the stock an "overweight" rating in a research note on Thursday. Finally, Bank of America cut shares of SEA from a "buy" rating to a "neutral" rating and set a $160.00 target price on the stock. in a report on Friday, May 9th. Three 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 stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price 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.