111 Capital Makes New $28.22 Million Investment in Sea Limited (NYSE:SE)

111 Capital acquired a new stake in shares of Sea Limited (NYSE:SE - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 265,977 shares of the Internet company based in Singapore's stock, valued at approximately $28,220,000. SEA accounts for approximately 5.9% of 111 Capital's portfolio, making the stock its biggest position.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Baillie Gifford & Co. lifted its position in shares of SEA by 3.5% in 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 acquiring an additional 1,390,531 shares in the last quarter. WCM Investment Management LLC raised its stake 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 valued at $2,758,331,000 after purchasing an additional 4,761,289 shares during the period. Norges Bank purchased a new position in SEA in the 4th quarter worth approximately $1,493,682,000. Capital Research Global Investors boosted its stake in 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 during the period. Finally, Geode Capital Management LLC boosted its stake in SEA by 4.6% in the 4th quarter. Geode Capital Management LLC now owns 3,201,601 shares of the Internet company based in Singapore's stock worth $335,084,000 after purchasing an additional 142,080 shares during the period. 59.53% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on SE shares. Bank of America cut shares of SEA from a "buy" rating to a "neutral" rating and set a $160.00 price objective on the stock. in a research report on Friday, May 9th. Jefferies Financial Group lifted their price target on shares of SEA from $131.00 to $157.00 and gave the company a "buy" rating in a report on Tuesday, March 4th. Loop Capital reiterated a "buy" rating and issued a $190.00 price target (up previously from $165.00) on shares of SEA in a research note on Thursday. JPMorgan Chase & Co. raised shares of SEA from a "neutral" rating to an "overweight" rating and increased their price objective for the company from $135.00 to $190.00 in a report on Tuesday, May 13th. Finally, Wedbush reaffirmed an "outperform" rating on shares of SEA in a report on Wednesday, May 14th. Three equities research 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. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $147.15.

SEA Trading Down 0.5%

Shares of NYSE:SE traded down $0.81 during trading on Friday, reaching $160.40. The company's stock had a trading volume of 5,670,257 shares, compared to its average volume of 4,456,757. The stock has a market capitalization of $94.49 billion, a PE ratio of 1,069.33 and a beta of 1.70. Sea Limited has a 12 month low of $55.00 and a 12 month high of $169.28. 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 simple moving average is $136.35 and its two-hundred day simple moving average is $125.36.

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