Fullerton Fund Management Co Ltd. boosted its stake in Sea Limited (NYSE:SE - Free Report) by 11.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 431,408 shares of the Internet company based in Singapore's stock after purchasing an additional 43,158 shares during the period. SEA makes up about 1.6% of Fullerton Fund Management Co Ltd.'s investment portfolio, making the stock its 19th biggest holding. Fullerton Fund Management Co Ltd. owned approximately 0.08% of SEA worth $45,772,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds also recently added to or reduced their stakes in the stock. Ethic Inc. purchased a new stake in SEA during the 4th quarter worth $289,000. Eschler Asset Management LLP grew its holdings in SEA by 50.9% during the 4th quarter. Eschler Asset Management LLP now owns 16,000 shares of the Internet company based in Singapore's stock worth $1,698,000 after acquiring an additional 5,400 shares in the last quarter. Fred Alger Management LLC lifted its position in shares of SEA by 100.3% during the fourth quarter. Fred Alger Management LLC now owns 1,056,878 shares of the Internet company based in Singapore's stock worth $112,135,000 after purchasing an additional 529,237 shares during the last quarter. Circle Wealth Management LLC lifted its holdings in SEA by 36.2% during the 4th quarter. Circle Wealth Management LLC now owns 9,014 shares of the Internet company based in Singapore's stock worth $956,000 after buying an additional 2,398 shares during the last quarter. Finally, Covenant Partners LLC raised its position in shares of 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. 59.53% of the stock is owned by hedge funds and other institutional investors.
SEA Stock Down 0.7%
Shares of SE traded down $1.13 during trading hours on Thursday, reaching $162.05. The company's stock had a trading volume of 3,978,963 shares, compared to its average volume of 4,507,726. The company has a 50 day moving average of $127.90 and a two-hundred day moving average of $119.59. The company has a quick ratio of 1.60, a current ratio of 1.62 and a debt-to-equity ratio of 0.36. The firm has a market cap of $95.47 billion, a price-to-earnings ratio of 1,080.70 and a beta of 1.70. Sea Limited has a 1-year low of $55.00 and a 1-year high of $163.68.
Wall Street Analyst Weigh In
Several research firms have weighed in on SE. Loop Capital boosted their target price on shares of SEA from $135.00 to $165.00 and gave the company a "buy" rating in a research note on Monday, March 31st. Sanford C. Bernstein reiterated an "outperform" rating and set a $170.00 price objective on shares of SEA in a research note on Wednesday. Barclays lifted their target price on SEA from $182.00 to $200.00 and gave the company an "overweight" rating in a research note on Thursday. Benchmark increased their price objective on shares of SEA from $150.00 to $180.00 and gave the stock a "buy" rating in a report on Wednesday. Finally, Jefferies Financial Group increased their price target on SEA from $131.00 to $157.00 and gave the stock a "buy" rating in a research note on Tuesday, March 4th. Four analysts have rated the stock with a hold rating, nine have issued a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $139.14.
Check Out Our Latest Analysis on SE
About SEA
(
Free Report)
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.
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