Moore Capital Management LP Purchases Shares of 90,932 Sea Limited (NYSE:SE)

Moore Capital Management LP acquired a new stake in Sea Limited (NYSE:SE - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 90,932 shares of the Internet company based in Singapore's stock, valued at approximately $9,648,000.

A number of other large investors have also modified their holdings of the business. Private Trust Co. NA boosted its stake in SEA by 474.4% during the fourth quarter. Private Trust Co. NA now owns 247 shares of the Internet company based in Singapore's stock worth $26,000 after buying an additional 204 shares during the last quarter. Kestra Investment Management LLC purchased a new position in shares of SEA during the fourth quarter worth $34,000. Farther Finance Advisors LLC boosted its holdings in SEA by 43.8% during the 4th quarter. Farther Finance Advisors LLC now owns 368 shares of the Internet company based in Singapore's stock valued at $39,000 after acquiring an additional 112 shares during the period. Banque Transatlantique SA acquired a new position in shares of SEA in the fourth quarter valued at approximately $39,000. Finally, Huntington National Bank grew its stake in shares of SEA by 783.6% in the fourth quarter. Huntington National Bank now owns 486 shares of the Internet company based in Singapore's stock worth $52,000 after acquiring an additional 431 shares in the last quarter. Hedge funds and other institutional investors own 59.53% of the company's stock.

Analyst Ratings Changes

A number of equities analysts have recently commented on SE shares. Benchmark boosted their price objective on SEA from $150.00 to $180.00 and gave the stock a "buy" rating in a research report on Wednesday. Jefferies Financial Group increased their price objective on SEA from $131.00 to $157.00 and gave the company a "buy" rating in a report on Tuesday, March 4th. Wedbush restated an "outperform" rating and issued a $135.00 price target on shares of SEA in a research report on Tuesday, April 15th. Phillip Securities upgraded shares of SEA from a "moderate sell" rating to a "hold" rating in a research note on Friday, March 7th. Finally, Arete Research upgraded SEA to a "strong-buy" rating in a research note on Sunday, March 23rd. Four equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $139.14.

SEA Price Performance

SEA stock traded up $1.44 during mid-day trading on Thursday, hitting $164.62. 6,284,798 shares of the company were exchanged, compared to its average volume of 4,504,972. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.62 and a quick ratio of 1.60. The company has a market capitalization of $96.98 billion, a P/E ratio of 1,097.47 and a beta of 1.70. Sea Limited has a 12-month low of $55.00 and a 12-month high of $164.85. The business's 50 day simple moving average is $127.90 and its two-hundred day simple moving average is $119.59.

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.