QRG Capital Management Inc. Raises Stock Holdings in Sea Limited (NYSE:SE)

QRG Capital Management Inc. raised its holdings in shares of Sea Limited (NYSE:SE) by 5.5% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 37,884 shares of the Internet company based in Singapore’s stock after purchasing an additional 1,982 shares during the quarter. QRG Capital Management Inc.’s holdings in SEA were worth $4,020,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of SE. WCM Investment Management LLC lifted its position in shares of SEA by 35.9% during the third quarter. WCM Investment Management LLC now owns 20,902,378 shares of the Internet company based in Singapore’s stock worth $1,971,303,000 after purchasing an additional 5,517,559 shares during the last quarter. Baillie Gifford & Co. lifted its holdings in SEA by 15.5% during the 3rd quarter. Baillie Gifford & Co. now owns 39,564,018 shares of the Internet company based in Singapore’s stock worth $3,730,096,000 after buying an additional 5,295,590 shares during the last quarter. Perpetual Ltd lifted its holdings in SEA by 3,033.0% during 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 last quarter. CoreView Capital Management Ltd grew its position in shares of SEA by 341.1% in the 3rd quarter. CoreView Capital Management Ltd now owns 1,996,376 shares of the Internet company based in Singapore’s stock worth $188,218,000 after acquiring an additional 1,543,743 shares in the last quarter. Finally, Ninety One UK Ltd increased its holdings in shares of SEA by 1,673.2% in 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 acquiring an additional 1,173,738 shares during the last quarter. 59.53% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities analysts have commented on the stock. Benchmark lifted their price objective on shares of SEA from $94.00 to $130.00 and gave the stock a “buy” rating in a report on Wednesday, November 13th. TD Cowen raised their price target on shares of SEA from $69.00 to $100.00 and gave the stock a “hold” rating in a research report on Wednesday, November 13th. Barclays boosted their price objective on shares of SEA from $131.00 to $148.00 and gave the company an “overweight” rating in a research report on Wednesday. Dbs Bank raised shares of SEA from a “hold” rating to a “strong-buy” rating in a report on Wednesday, November 13th. Finally, Phillip Securities reaffirmed a “reduce” rating and set a $100.00 target price (up from $80.00) on shares of SEA in a report on Tuesday, November 19th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $92.43.

SEA Stock Up 0.5 %

Shares of SEA stock opened at $127.05 on Friday. Sea Limited has a 1-year low of $48.14 and a 1-year high of $139.18. The company has a market capitalization of $72.71 billion, a P/E ratio of 846.99 and a beta of 1.55. The business’s fifty day moving average price is $118.72 and its two-hundred day moving average price is $104.40. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.62 and a quick ratio of 1.60.

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.