Sea Limited (NYSE:SE) Shares Bought by MML Investors Services LLC

MML Investors Services LLC lifted its holdings in Sea Limited (NYSE:SE - Free Report) by 61.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 85,690 shares of the Internet company based in Singapore's stock after acquiring an additional 32,552 shares during the period. MML Investors Services LLC's holdings in SEA were worth $9,092,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Perpetual Ltd grew its position in 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 acquiring an additional 2,031,038 shares in the last quarter. Ninety One UK Ltd grew its holdings in SEA by 1,673.2% during the 4th quarter. Ninety One UK Ltd now owns 1,243,888 shares of the Internet company based in Singapore's stock valued at $131,977,000 after purchasing an additional 1,173,738 shares in the last quarter. SeaTown Holdings Pte. Ltd. acquired a new stake in SEA during the 4th quarter valued at $4,821,000. Charles Schwab Investment Management Inc. increased its stake in SEA by 7.1% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 291,158 shares of the Internet company based in Singapore's stock worth $30,892,000 after buying an additional 19,411 shares during the period. Finally, Nisa Investment Advisors LLC lifted its holdings in SEA by 95.7% in the 4th quarter. Nisa Investment Advisors LLC now owns 12,558 shares of the Internet company based in Singapore's stock worth $1,332,000 after buying an additional 6,140 shares in the last quarter. Hedge funds and other institutional investors own 59.53% of the company's stock.

Analysts Set New Price Targets

Several brokerages have recently weighed in on SE. Loop Capital raised their target price on SEA from $135.00 to $165.00 and gave the company a "buy" rating in a research note on Monday, March 31st. Wedbush restated an "outperform" rating and set a $135.00 price objective on shares of SEA in a research note on Tuesday, April 15th. UBS Group upped their target price on SEA from $135.00 to $176.00 and gave the company a "buy" rating in a research report on Friday, March 7th. Arete Research raised shares of SEA to a "strong-buy" rating in a research report on Sunday, March 23rd. Finally, Jefferies Financial Group upped 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. Four equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, SEA has an average rating of "Moderate Buy" and an average target price of $125.43.

SEA Stock Performance

Shares of NYSE SE traded up $0.54 during midday trading on Tuesday, hitting $130.82. The company's stock had a trading volume of 832,759 shares, compared to its average volume of 4,591,928. 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 1-year low of $55.00 and a 1-year high of $147.73. The firm's fifty day moving average price is $125.00 and its 200-day moving average price is $116.18. The firm has a market cap of $74.87 billion, a P/E ratio of 870.61 and a beta of 1.73.

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.