Lazard Asset Management LLC Purchases 8,086 Shares of Sea Limited (NYSE:SE)

Lazard Asset Management LLC raised its stake in shares of Sea Limited (NYSE:SE - Free Report) by 17.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 54,835 shares of the Internet company based in Singapore's stock after buying an additional 8,086 shares during the period. Lazard Asset Management LLC's holdings in SEA were worth $5,817,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the stock. Norges Bank bought a new position in shares of SEA in the 4th quarter valued at approximately $1,493,682,000. WCM Investment Management LLC grew its holdings in SEA by 22.8% during 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 purchasing an additional 4,761,289 shares during the last quarter. Perpetual Ltd raised its position 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 purchasing an additional 2,031,038 shares during the period. Baillie Gifford & Co. lifted its stake in shares of SEA by 3.5% in the fourth 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 buying an additional 1,390,531 shares during the last quarter. Finally, Capital Research Global Investors lifted its stake in shares of SEA by 19.5% in the fourth 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 buying 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

A number of research firms recently issued reports on SE. JPMorgan Chase & Co. upgraded shares of SEA from a "neutral" rating to an "overweight" rating and raised their target price for the company from $135.00 to $190.00 in a research note on Tuesday, May 13th. Arete Research raised SEA to a "strong-buy" rating in a research report on Sunday, March 23rd. Bank of America lowered SEA from a "buy" rating to a "neutral" rating and set a $160.00 price objective on the stock. in a research note on Friday, May 9th. Jefferies Financial Group increased their target price on SEA from $131.00 to $157.00 and gave the company a "buy" rating in a research note on Tuesday, March 4th. Finally, UBS Group raised 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. Three equities research 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 company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $145.23.

SEA Price Performance

SE stock traded up $1.10 during trading on Monday, hitting $162.61. 3,967,211 shares of the stock traded hands, compared to its average volume of 4,472,202. The company has a current ratio of 1.62, a quick ratio of 1.60 and a debt-to-equity ratio of 0.36. The stock has a market cap of $95.80 billion, a price-to-earnings ratio of 1,084.07 and a beta of 1.70. Sea Limited has a one year low of $55.00 and a one year high of $165.31. The company has a 50 day simple moving average of $129.33 and a 200 day simple moving average of $120.85.

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