Stifel Financial Corp Boosts Stake in Sea Limited (NYSE:SE)

Stifel Financial Corp grew its holdings in shares of Sea Limited (NYSE:SE - Free Report) by 48.3% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 231,012 shares of the Internet company based in Singapore's stock after purchasing an additional 75,213 shares during the quarter. Stifel Financial Corp's holdings in SEA were worth $24,510,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. Perpetual Ltd boosted its holdings in SEA by 3,033.0% in the 4th quarter. Perpetual Ltd now owns 2,098,003 shares of the Internet company based in Singapore's stock worth $222,598,000 after buying an additional 2,031,038 shares during the period. Ninety One UK Ltd lifted its holdings in shares of 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 in the last quarter. SeaTown Holdings Pte. Ltd. bought a new position in shares of SEA during the fourth quarter worth $4,821,000. Charles Schwab Investment Management Inc. grew its stake in SEA by 7.1% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 291,158 shares of the Internet company based in Singapore's stock valued at $30,892,000 after acquiring an additional 19,411 shares in the last quarter. Finally, Nisa Investment Advisors LLC lifted its stake 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 purchasing an additional 6,140 shares in the last quarter. Institutional investors own 59.53% of the company's stock.

SEA Stock Down 1.2 %

Shares of SE stock traded down $1.65 during mid-day trading on Wednesday, hitting $132.27. The stock had a trading volume of 1,116,014 shares, compared to its average volume of 4,583,393. 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 firm's 50-day moving average is $125.02 and its two-hundred day moving average is $116.31. The firm has a market capitalization of $75.70 billion, a P/E ratio of 880.12 and a beta of 1.73. Sea Limited has a 12-month low of $55.00 and a 12-month high of $147.73.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the company. UBS Group lifted their target price on SEA from $135.00 to $176.00 and gave the stock a "buy" rating in a report on Friday, March 7th. Loop Capital lifted their price objective on SEA from $135.00 to $165.00 and gave the stock a "buy" rating in a research note on Monday, March 31st. Barclays increased their target price on SEA from $148.00 to $182.00 and gave the company an "overweight" rating in a research report on Friday, March 7th. Jefferies Financial Group raised their target price on shares of SEA from $131.00 to $157.00 and gave the company a "buy" rating in a report on Tuesday, March 4th. Finally, Wedbush reaffirmed an "outperform" rating and set a $135.00 price target on shares of SEA in a research note on Tuesday, April 15th. Four investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat.com, SEA has an average rating of "Moderate Buy" and an average target price of $125.43.

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.