SIH Partners LLLP Makes New Investment in Sea Limited (NYSE:SE)

SIH Partners LLLP bought a new position in shares of Sea Limited (NYSE:SE - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 51,270 shares of the Internet company based in Singapore's stock, valued at approximately $5,440,000. SEA accounts for about 0.3% of SIH Partners LLLP's holdings, making the stock its 25th largest holding.

Other hedge funds have also made changes to their positions in the company. Private Trust Co. NA lifted its position in SEA by 474.4% in the fourth 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 acquired a new stake in SEA in the fourth quarter valued at about $34,000. Farther Finance Advisors LLC lifted its position in SEA by 43.8% in 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 purchasing an additional 112 shares during the period. Huntington National Bank lifted its position in SEA by 783.6% in the fourth quarter. Huntington National Bank now owns 486 shares of the Internet company based in Singapore's stock valued at $52,000 after purchasing an additional 431 shares during the period. Finally, Geneos Wealth Management Inc. lifted its position in SEA by 4,663.6% in the fourth quarter. Geneos Wealth Management Inc. now owns 524 shares of the Internet company based in Singapore's stock valued at $56,000 after purchasing an additional 513 shares during the period. Institutional investors and hedge funds own 59.53% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on SE. UBS Group raised their price objective on shares of SEA from $135.00 to $176.00 and gave the company a "buy" rating in a research report on Friday, March 7th. Jefferies Financial Group lifted their price target on shares of SEA from $131.00 to $157.00 and gave the company a "buy" rating in a research report on Tuesday, March 4th. JPMorgan Chase & Co. downgraded shares of SEA from an "overweight" rating to a "neutral" rating and reduced their price target for the company from $160.00 to $135.00 in a research report on Wednesday, April 16th. Arete Research upgraded shares of SEA to a "strong-buy" rating in a research report on Sunday, March 23rd. Finally, Sanford C. Bernstein set a $145.00 price target on shares of SEA and gave the company an "outperform" rating in a research report on Wednesday, March 5th. Four equities research analysts have rated the stock with a hold rating, nine have given a buy rating and two have issued 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 $125.43.

SEA Price Performance

Shares of SE traded up $3.78 during mid-day trading on Friday, reaching $128.01. 3,518,652 shares of the company's stock were exchanged, compared to its average volume of 4,612,289. The company has a quick ratio of 1.60, a current ratio of 1.62 and a debt-to-equity ratio of 0.36. The company has a 50-day simple moving average of $125.11 and a two-hundred day simple moving average of $115.97. Sea Limited has a 52-week low of $55.00 and a 52-week high of $147.73. The company has a market cap of $73.27 billion, a price-to-earnings ratio of 853.40 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.