Voloridge Investment Management LLC Has $58.45 Million Stock Holdings in Sea Limited (NYSE:SE)

Voloridge Investment Management LLC grew its position in Sea Limited (NYSE:SE - Free Report) by 33.4% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 550,847 shares of the Internet company based in Singapore's stock after purchasing an additional 137,947 shares during the period. Voloridge Investment Management LLC owned approximately 0.10% of SEA worth $58,445,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in SE. Norges Bank bought a new position in shares of SEA in the fourth quarter valued at approximately $1,493,682,000. WCM Investment Management LLC boosted its holdings in shares of SEA by 22.8% in the fourth 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 acquiring an additional 4,761,289 shares in the last quarter. Perpetual Ltd boosted its holdings in shares of SEA by 3,033.0% in the fourth quarter. Perpetual Ltd now owns 2,098,003 shares of the Internet company based in Singapore's stock valued at $222,598,000 after acquiring an additional 2,031,038 shares in the last quarter. Baillie Gifford & Co. lifted its stake in SEA by 3.5% during 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 purchasing an additional 1,390,531 shares during the last quarter. Finally, Capital Research Global Investors lifted its stake in SEA by 19.5% during the fourth quarter. Capital Research Global Investors now owns 8,126,064 shares of the Internet company based in Singapore's stock valued at $862,175,000 after purchasing an additional 1,325,183 shares during the last quarter. 59.53% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts recently commented on SE shares. Jefferies Financial Group increased their target price on shares of SEA from $131.00 to $157.00 and gave the company a "buy" rating in a research note on Tuesday, March 4th. Benchmark increased their target price on shares of SEA from $150.00 to $180.00 and gave the company a "buy" rating in a research note on Wednesday, May 14th. Barclays increased their target price on shares of SEA from $182.00 to $200.00 and gave the company an "overweight" rating in a research note on Thursday, May 15th. Phillip Securities raised shares of SEA from a "moderate sell" rating to a "hold" rating in a research note on Friday, March 7th. Finally, Sanford C. Bernstein reissued an "outperform" rating and set a $170.00 target price on shares of SEA in a research note on Wednesday, May 14th. Three 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 company's stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $145.23.

SEA Trading Up 2.4%

Shares of NYSE:SE traded up $3.83 during mid-day trading on Friday, hitting $164.52. The stock had a trading volume of 3,655,239 shares, compared to its average volume of 4,444,063. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.60 and a current ratio of 1.62. The company has a market cap of $96.92 billion, a PE ratio of 1,096.80 and a beta of 1.70. Sea Limited has a 12-month low of $55.00 and a 12-month high of $165.90. The company's 50 day moving average is $132.81 and its 200-day moving average is $122.82.

SEA (NYSE:SE - Get Free Report) last released its quarterly earnings data on Tuesday, May 13th. The Internet company based in Singapore reported $0.65 earnings per share for the quarter, missing the consensus estimate of $0.93 by ($0.28). The company had revenue of $4.84 billion during the quarter, compared to analyst estimates of $4.90 billion. SEA had a net margin of 0.64% and a return on equity of 1.40%. The firm's quarterly revenue was up 29.6% compared to the same quarter last year. During the same quarter in the prior year, the company posted ($0.04) EPS. On average, sell-side analysts predict 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.