506,500 Shares in Sea Limited (NYSE:SE) Purchased by Infinitum Asset Management LLC

Infinitum Asset Management LLC bought a new stake in Sea Limited (NYSE:SE - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 506,500 shares of the Internet company based in Singapore's stock, valued at approximately $53,740,000. SEA accounts for approximately 28.4% of Infinitum Asset Management LLC's holdings, making the stock its largest position. Infinitum Asset Management LLC owned about 0.09% of SEA at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in SE. Mackenzie Financial Corp boosted its stake in SEA by 3.9% in the fourth quarter. Mackenzie Financial Corp now owns 26,193 shares of the Internet company based in Singapore's stock worth $2,779,000 after purchasing an additional 981 shares in the last quarter. Amiral Gestion acquired a new position in SEA in the fourth quarter valued at approximately $3,714,000. GF Fund Management CO. LTD. acquired a new position in SEA during the fourth quarter valued at approximately $5,144,000. University of Texas Texas AM Investment Management Co. raised its holdings in SEA by 16.3% in the fourth quarter. University of Texas Texas AM Investment Management Co. now owns 14,674 shares of the Internet company based in Singapore's stock worth $1,557,000 after purchasing an additional 2,055 shares during the period. Finally, Public Employees Retirement System of Ohio boosted its position in shares of SEA by 70.7% during the fourth quarter. Public Employees Retirement System of Ohio now owns 685,129 shares of the Internet company based in Singapore's stock worth $72,692,000 after purchasing an additional 283,738 shares in the last quarter. 59.53% of the stock is owned by institutional investors and hedge funds.

SEA Stock Performance

SEA stock traded down $0.81 during midday trading on Friday, reaching $160.40. The stock had a trading volume of 5,670,257 shares, compared to its average volume of 4,454,427. The firm's 50-day moving average price is $136.35 and its 200 day moving average price is $125.07. The company has a quick ratio of 1.60, a current ratio of 1.62 and a debt-to-equity ratio of 0.36. Sea Limited has a 12 month low of $55.00 and a 12 month high of $169.28. The firm has a market capitalization of $94.49 billion, a PE ratio of 1,069.33 and a beta of 1.70.

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

Wall Street Analyst Weigh In

SE has been the topic of a number of research analyst reports. Loop Capital reaffirmed a "buy" rating and set a $190.00 price target (up previously from $165.00) on shares of SEA in a research report on Thursday. Wedbush reissued an "outperform" rating on shares of SEA in a research report on Wednesday, May 14th. JPMorgan Chase & Co. upgraded SEA from a "neutral" rating to an "overweight" rating and increased their price target for the company from $135.00 to $190.00 in a research note on Tuesday, May 13th. UBS Group increased their target price on SEA from $135.00 to $176.00 and gave the stock a "buy" rating in a research note on Friday, March 7th. Finally, Barclays boosted their price objective on shares of SEA from $182.00 to $200.00 and gave the company an "overweight" rating in a report on Thursday, May 15th. Three analysts have rated the stock with a hold rating, nine have issued a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat, SEA presently has an average rating of "Moderate Buy" and an average price target of $147.15.

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.