GF Fund Management CO. LTD. Makes New Investment in Sea Limited (NYSE:SE)

GF Fund Management CO. LTD. acquired a new position in shares of Sea Limited (NYSE:SE - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 48,485 shares of the Internet company based in Singapore's stock, valued at approximately $5,144,000.

Several other hedge funds have also recently modified their holdings of SE. State of Wyoming lifted its stake in shares of SEA by 3.1% in the fourth quarter. State of Wyoming now owns 3,010 shares of the Internet company based in Singapore's stock worth $319,000 after buying an additional 90 shares in the last quarter. Covenant Partners LLC grew its stake in SEA by 2.4% during the 4th quarter. Covenant Partners LLC now owns 4,248 shares of the Internet company based in Singapore's stock valued at $451,000 after acquiring an additional 101 shares in the last quarter. Farther Finance Advisors LLC raised its holdings in SEA by 43.8% in the 4th quarter. Farther Finance Advisors LLC now owns 368 shares of the Internet company based in Singapore's stock valued at $39,000 after acquiring an additional 112 shares during the last quarter. SOA Wealth Advisors LLC. lifted its stake in SEA by 25.0% in the 4th quarter. SOA Wealth Advisors LLC. now owns 750 shares of the Internet company based in Singapore's stock worth $80,000 after purchasing an additional 150 shares in the last quarter. Finally, Kolinsky Wealth Management LLC grew its position in shares of SEA by 6.3% in the fourth quarter. Kolinsky Wealth Management LLC now owns 2,587 shares of the Internet company based in Singapore's stock valued at $274,000 after purchasing an additional 154 shares in the last quarter. Institutional investors and hedge funds own 59.53% of the company's stock.

Analyst Upgrades and Downgrades

SE has been the subject of several analyst reports. UBS Group upped their target price on SEA from $135.00 to $176.00 and gave the company a "buy" rating in a report on Friday, March 7th. Sanford C. Bernstein reissued an "outperform" rating and issued a $170.00 price objective on shares of SEA in a report on Wednesday, May 14th. Barclays raised their price objective on shares of SEA from $182.00 to $200.00 and gave the stock an "overweight" rating in a research report on Thursday, May 15th. Bank of America lowered 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. Finally, Wedbush restated 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 given a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $147.15.

SEA Stock Down 1.7%

Shares of SE traded down $2.67 during midday trading on Friday, hitting $158.54. The company had a trading volume of 1,532,540 shares, compared to its average volume of 4,437,553. The company's 50-day simple moving average is $135.75 and its 200-day simple moving average is $124.71. The firm has a market capitalization of $93.40 billion, a P/E ratio of 1,056.99 and a beta of 1.70. Sea Limited has a 1 year low of $55.00 and a 1 year high of $169.28. 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 announced its quarterly earnings data 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 firm had revenue of $4.84 billion during 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 period in the prior year, the company posted ($0.04) earnings per share. As a group, sell-side analysts expect that Sea Limited will post 0.74 EPS for the current year.

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.