Caxton Associates LP Invests $2.31 Million in Sea Limited (NYSE:SE)

Caxton Associates LP acquired 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 firm acquired 21,753 shares of the Internet company based in Singapore's stock, valued at approximately $2,308,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Perpetual Ltd grew its stake 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 worth $222,598,000 after buying an additional 2,031,038 shares during the period. Ninety One UK Ltd lifted its position in shares of SEA by 1,673.2% in the 4th 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 acquiring an additional 1,173,738 shares in the last quarter. SeaTown Holdings Pte. Ltd. acquired a new position in shares of SEA in the fourth quarter worth $4,821,000. Charles Schwab Investment Management Inc. boosted its stake in shares of SEA by 7.1% during 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 acquiring an additional 19,411 shares in the last quarter. Finally, Nisa Investment Advisors LLC increased its holdings in shares of SEA by 95.7% during the 4th quarter. Nisa Investment Advisors LLC now owns 12,558 shares of the Internet company based in Singapore's stock worth $1,332,000 after purchasing an additional 6,140 shares during the period. 59.53% of the stock is owned by institutional investors and hedge funds.

SEA Stock Performance

Shares of NYSE:SE traded down $0.03 during trading on Wednesday, reaching $142.44. The company had a trading volume of 4,374,924 shares, compared to its average volume of 4,548,546. The stock's fifty day moving average price is $126.60 and its 200 day moving average price is $117.89. Sea Limited has a fifty-two week low of $55.00 and a fifty-two week high of $147.73. The firm has a market capitalization of $83.91 billion, a price-to-earnings ratio of 949.60 and a beta of 1.70. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.62 and a quick ratio of 1.60.

Analyst Ratings Changes

SE has been the topic of several analyst reports. Jefferies Financial Group increased their price objective on shares of SEA from $131.00 to $157.00 and gave the company a "buy" rating in a report on Tuesday, March 4th. Wedbush reiterated an "outperform" rating and issued a $135.00 price target on shares of SEA in a research report on Tuesday, April 15th. Benchmark increased their target price on SEA from $130.00 to $150.00 and gave the stock a "buy" rating in a report on Wednesday, March 5th. Loop Capital upped their price objective on SEA from $135.00 to $165.00 and gave the company a "buy" rating in a research note on Monday, March 31st. Finally, Arete Research raised SEA to a "strong-buy" rating in a report on Sunday, March 23rd. Four analysts have rated the stock with a hold rating, nine have given a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $125.43.

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.