Capital Research Global Investors Buys 1,325,183 Shares of Sea Limited (NYSE:SE)

Capital Research Global Investors increased its position in Sea Limited (NYSE:SE - Free Report) by 19.5% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 8,126,064 shares of the Internet company based in Singapore's stock after purchasing an additional 1,325,183 shares during the period. Capital Research Global Investors owned approximately 1.42% of SEA worth $862,175,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Norges Bank purchased a new position in shares of SEA during the fourth quarter valued at approximately $1,493,682,000. WCM Investment Management LLC boosted its holdings in 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 acquiring an additional 4,761,289 shares during the last quarter. Perpetual Ltd boosted its holdings 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 worth $222,598,000 after acquiring an additional 2,031,038 shares during the last quarter. Baillie Gifford & Co. grew its stake in shares of SEA by 3.5% in 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 in the last quarter. Finally, Ninety One UK Ltd raised 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. Institutional investors and hedge funds own 59.53% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the stock. Sanford C. Bernstein set a $145.00 price objective on shares of SEA and gave the stock an "outperform" rating in a research report on Wednesday, March 5th. Arete Research raised SEA to a "strong-buy" rating in a report on Sunday, March 23rd. Barclays increased their price target on SEA from $148.00 to $182.00 and gave the company an "overweight" rating in a research report on Friday, March 7th. Benchmark upped their price objective on SEA from $130.00 to $150.00 and gave the company a "buy" rating in a research note on Wednesday, March 5th. Finally, Wedbush reaffirmed an "outperform" rating and set a $135.00 target price on shares of SEA in a research report on Tuesday, April 15th. Four research analysts have rated the stock with a hold rating, nine have given a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, SEA currently has a consensus rating of "Moderate Buy" and a consensus target price of $125.43.

SEA Stock Performance

Shares of SE stock traded up $3.15 during trading on Friday, reaching $127.38. 1,520,733 shares of the company's stock traded hands, compared to its average volume of 4,613,589. Sea Limited has a 1 year low of $55.00 and a 1 year high of $147.73. The company has a market capitalization of $72.90 billion, a P/E ratio of 849.90 and a beta of 1.73. The company has a current ratio of 1.62, a quick ratio of 1.60 and a debt-to-equity ratio of 0.36. The firm's 50-day moving average is $125.33 and its 200 day moving average is $115.47.

SEA Company 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.