Caisse DE Depot ET Placement DU Quebec Acquires 148,841 Shares of Sea Limited (NYSE:SE)

Caisse DE Depot ET Placement DU Quebec increased its stake in shares of Sea Limited (NYSE:SE - Free Report) by 196.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 224,507 shares of the Internet company based in Singapore's stock after buying an additional 148,841 shares during the quarter. Caisse DE Depot ET Placement DU Quebec's holdings in SEA were worth $23,820,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. 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 valued at $222,598,000 after buying an additional 2,031,038 shares in the last quarter. Ninety One UK Ltd grew its position in SEA by 1,673.2% in the fourth quarter. Ninety One UK Ltd now owns 1,243,888 shares of the Internet company based in Singapore's stock worth $131,977,000 after buying an additional 1,173,738 shares during the last quarter. SeaTown Holdings Pte. Ltd. acquired a new stake in shares of SEA during the 4th quarter valued at $4,821,000. Charles Schwab Investment Management Inc. boosted its stake in shares of 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 acquiring an additional 19,411 shares in the last quarter. Finally, Nisa Investment Advisors LLC raised its position in shares of SEA by 95.7% during the fourth quarter. Nisa Investment Advisors LLC now owns 12,558 shares of the Internet company based in Singapore's stock worth $1,332,000 after purchasing an additional 6,140 shares during the period. 59.53% of the stock is owned by institutional investors and hedge funds.

SEA Stock Performance

Shares of NYSE:SE traded up $0.02 during midday trading on Tuesday, hitting $142.52. The company's stock had a trading volume of 3,286,011 shares, compared to its average volume of 4,555,039. The stock's 50 day simple moving average is $125.98 and its 200 day simple moving average is $117.55. The stock has a market capitalization of $83.96 billion, a price-to-earnings ratio of 950.11 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 $147.73.

Analyst Upgrades and Downgrades

SE has been the topic of several recent analyst reports. Loop Capital boosted their price objective on SEA from $135.00 to $165.00 and gave the stock a "buy" rating in a report on Monday, March 31st. Wedbush reiterated an "outperform" rating and set a $135.00 price objective on shares of SEA in a research report on Tuesday, April 15th. Arete Research upgraded SEA to a "strong-buy" rating in a report on Sunday, March 23rd. JPMorgan Chase & Co. downgraded 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. Finally, Sanford C. Bernstein set a $145.00 price target on shares of SEA and gave the stock an "outperform" rating in a research report on Wednesday, March 5th. Four 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 company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $125.43.

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.