Lido Advisors LLC Makes New Investment in Sea Limited (NYSE:SE)

Lido Advisors LLC bought a new stake in shares of Sea Limited (NYSE:SE - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 4,078 shares of the Internet company based in Singapore's stock, valued at approximately $433,000.

Several other hedge funds and other institutional investors also recently modified their holdings of SE. Norges Bank purchased a new position in SEA during the fourth quarter valued at $1,493,682,000. WCM Investment Management LLC lifted its position in SEA by 22.8% during 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. Perpetual Ltd boosted its stake in SEA by 3,033.0% during the fourth quarter. Perpetual Ltd now owns 2,098,003 shares of the Internet company based in Singapore's stock worth $222,598,000 after acquiring an additional 2,031,038 shares in the last quarter. Baillie Gifford & Co. boosted 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 worth $4,345,278,000 after acquiring an additional 1,390,531 shares in the last quarter. Finally, Capital Research Global Investors grew its holdings in 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 purchasing an additional 1,325,183 shares during the period. Hedge funds and other institutional investors own 59.53% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on SE. Wedbush reissued an "outperform" rating and issued a $135.00 price target on shares of SEA in a research report on Tuesday, April 15th. Barclays boosted their target price on SEA from $148.00 to $182.00 and gave the stock an "overweight" rating in a report on Friday, March 7th. Benchmark raised their price target on SEA from $130.00 to $150.00 and gave the company a "buy" rating in a report on Wednesday, March 5th. Loop Capital upped their price target on shares of SEA from $135.00 to $165.00 and gave the stock a "buy" rating in a research note on Monday, March 31st. Finally, Sanford C. Bernstein set a $145.00 price objective on shares of SEA and gave the company an "outperform" rating in a research note on Wednesday, March 5th. Four 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. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $125.43.

SEA Stock Performance

Shares of SE opened at $141.77 on Monday. The firm has a market capitalization of $83.52 billion, a P/E ratio of 945.13 and a beta of 1.70. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.62 and a quick ratio of 1.60. Sea Limited has a one year low of $55.00 and a one year high of $147.73. The business has a fifty day moving average of $125.69 and a 200 day moving average of $117.25.

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.

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