Fred Alger Management LLC Raises Stake in Sea Limited (NYSE:SE)

Fred Alger Management LLC lifted its stake in shares of Sea Limited (NYSE:SE - Free Report) by 100.3% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,056,878 shares of the Internet company based in Singapore's stock after purchasing an additional 529,237 shares during the period. Fred Alger Management LLC owned 0.18% of SEA worth $112,135,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the stock. Baillie Gifford & Co. increased its position in shares of SEA by 3.5% during the 4th quarter. Baillie Gifford & Co. now owns 40,954,549 shares of the Internet company based in Singapore's stock worth $4,345,278,000 after purchasing an additional 1,390,531 shares during the last quarter. WCM Investment Management LLC raised its stake in shares of SEA by 22.8% in 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 acquiring an additional 4,761,289 shares during the period. Norges Bank acquired a new position in shares of SEA in the 4th quarter worth approximately $1,493,682,000. Capital Research Global Investors boosted its position in shares of SEA by 19.5% during 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 increased its holdings 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 valued at $335,084,000 after purchasing an additional 142,080 shares during the last quarter. 59.53% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on SE. Benchmark boosted their price objective on SEA from $130.00 to $150.00 and gave the company a "buy" rating in a report on Wednesday, March 5th. Wedbush reissued an "outperform" rating and set a $135.00 price target on shares of SEA in a research report on Tuesday, April 15th. Arete Research raised shares of SEA to a "strong-buy" rating in a research note on Sunday, March 23rd. Sanford C. Bernstein set a $145.00 price target on shares of SEA and gave the stock an "outperform" rating in a research note on Wednesday, March 5th. Finally, UBS Group increased their price objective on SEA from $135.00 to $176.00 and gave the company a "buy" rating in a research note on Friday, March 7th. Five analysts have rated the stock with a hold rating, eight have assigned a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $130.00.

SEA Stock Performance

SE traded down $6.64 during trading on Friday, hitting $139.18. The stock had a trading volume of 4,691,223 shares, compared to its average volume of 4,517,619. 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's 50-day moving average price is $127.18 and its 200 day moving average price is $118.62. Sea Limited has a twelve month low of $55.00 and a twelve month high of $147.73. The firm has a market capitalization of $81.99 billion, a P/E ratio of 927.87 and a beta of 1.70.

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.