Redwood Investments LLC Invests $394,000 in Sea Limited (NYSE:SE)

Redwood Investments LLC purchased a new stake in Sea Limited (NYSE:SE - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 3,711 shares of the Internet company based in Singapore's stock, valued at approximately $394,000.

Other large investors have also recently added to or reduced their stakes in the company. Private Trust Co. NA raised its stake in SEA by 474.4% during the 4th quarter. Private Trust Co. NA now owns 247 shares of the Internet company based in Singapore's stock valued at $26,000 after purchasing an additional 204 shares during the period. Kestra Investment Management LLC bought a new position in shares of SEA in the fourth quarter valued at approximately $34,000. Farther Finance Advisors LLC boosted its holdings in SEA by 43.8% during the fourth 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 stake in SEA in the 4th quarter valued at approximately $39,000. Finally, Huntington National Bank increased its position in SEA by 783.6% during 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 during the period. 59.53% of the stock is currently owned by institutional investors.

SEA Price Performance

Shares of NYSE SE opened at $161.84 on Thursday. The stock has a market cap of $95.34 billion, a price-to-earnings ratio of 1,078.93 and a beta of 1.70. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.60 and a current ratio of 1.62. Sea Limited has a fifty-two week low of $55.00 and a fifty-two week high of $163.26. The firm's 50-day simple moving average is $127.90 and its 200 day simple moving average is $119.59.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the company. UBS Group upped their target price on SEA from $135.00 to $176.00 and gave the company a "buy" rating in a research note on Friday, March 7th. Sanford C. Bernstein reissued an "outperform" rating and issued a $170.00 price objective on shares of SEA in a research note on Wednesday. Jefferies Financial Group raised their price target on shares of SEA from $131.00 to $157.00 and gave the company a "buy" rating in a report on Tuesday, March 4th. Barclays upped their target price on shares of SEA from $148.00 to $182.00 and gave the company an "overweight" rating in a research report on Friday, March 7th. Finally, Wedbush reaffirmed an "outperform" rating and set a $135.00 price objective on shares of SEA in a research note on Tuesday, April 15th. Four equities research analysts have rated the stock with a hold rating, nine have given a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $137.86.

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.

Want to see what other hedge funds are holding SE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Sea Limited (NYSE:SE - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.