Mercer Global Advisors Inc. ADV Purchases 2,295 Shares of Sea Limited (NYSE:SE)

Mercer Global Advisors Inc. ADV increased its stake in Sea Limited (NYSE:SE - Free Report) by 9.6% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 26,090 shares of the Internet company based in Singapore's stock after purchasing an additional 2,295 shares during the quarter. Mercer Global Advisors Inc. ADV's holdings in SEA were worth $2,768,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Caisse DE Depot ET Placement DU Quebec raised its position in SEA by 196.7% in the fourth quarter. Caisse DE Depot ET Placement DU Quebec now owns 224,507 shares of the Internet company based in Singapore's stock worth $23,820,000 after acquiring an additional 148,841 shares during the period. Soros Fund Management LLC bought a new stake in SEA during the fourth quarter valued at about $2,700,000. Schonfeld Strategic Advisors LLC increased its position in SEA by 430.0% in the fourth quarter. Schonfeld Strategic Advisors LLC now owns 42,400 shares of the Internet company based in Singapore's stock worth $4,499,000 after buying an additional 34,400 shares in the last quarter. AdvisorShares Investments LLC purchased a new position in shares of SEA during the 4th quarter valued at about $602,000. Finally, Lido Advisors LLC bought a new position in shares of SEA during the 4th quarter valued at approximately $433,000. Institutional investors own 59.53% of the company's stock.

SEA Trading Down 4.6 %

SEA stock traded down $6.64 during midday trading on Friday, reaching $139.18. The stock had a trading volume of 4,691,223 shares, compared to its average volume of 4,517,619. Sea Limited has a 52-week low of $55.00 and a 52-week high of $147.73. The company has a fifty day moving average of $127.18 and a 200 day moving average of $118.62. The firm has a market cap of $81.99 billion, a price-to-earnings ratio of 927.87 and a beta of 1.70. The company has a quick ratio of 1.60, a current ratio of 1.62 and a debt-to-equity ratio of 0.36.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on SE. JPMorgan Chase & Co. cut shares of SEA from an "overweight" rating to a "neutral" rating and reduced their price objective for the stock from $160.00 to $135.00 in a research note on Wednesday, April 16th. Phillip Securities raised SEA from a "moderate sell" rating to a "hold" rating in a report on Friday, March 7th. Jefferies Financial Group increased their target price on SEA from $131.00 to $157.00 and gave the stock a "buy" rating in a research report on Tuesday, March 4th. Barclays upped their price target on SEA from $148.00 to $182.00 and gave the stock an "overweight" rating in a research note on Friday, March 7th. Finally, Wedbush reiterated an "outperform" rating and set a $135.00 price objective on shares of SEA in a research report on Tuesday, April 15th. Five research analysts have rated the stock with a hold rating, eight have given a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $130.00.

SEA 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.