Fox Run Management L.L.C. Acquires Shares of 16,181 Sea Limited (NYSE:SE)

Fox Run Management L.L.C. bought a new position in shares of Sea Limited (NYSE:SE) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 16,181 shares of the Internet company based in Singapore’s stock, valued at approximately $1,717,000. SEA accounts for approximately 0.3% of Fox Run Management L.L.C.’s portfolio, making the stock its 29th biggest holding.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Baillie Gifford & Co. increased its holdings in SEA by 3.5% during the 4th quarter. Baillie Gifford & Co. now owns 40,954,549 shares of the Internet company based in Singapore’s stock worth $4,345,278,000 after purchasing an additional 1,390,531 shares during the period. WCM Investment Management LLC grew its position in shares of SEA by 22.8% during the 4th quarter. WCM Investment Management LLC now owns 25,663,667 shares of the Internet company based in Singapore’s stock worth $2,758,331,000 after buying an additional 4,761,289 shares in the last quarter. Geode Capital Management LLC lifted its stake in SEA by 4.2% in the third quarter. Geode Capital Management LLC now owns 3,059,521 shares of the Internet company based in Singapore’s stock worth $283,543,000 after acquiring an additional 124,433 shares during the period. William Blair Investment Management LLC grew its holdings in SEA by 32.5% during the 4th quarter. William Blair Investment Management LLC now owns 2,233,158 shares of the Internet company based in Singapore’s stock worth $236,928,000 after acquiring an additional 547,509 shares in the last quarter. Finally, Sei Investments Co. boosted its position in SEA by 12.7% during the 4th quarter. Sei Investments Co. now owns 2,181,685 shares of the Internet company based in Singapore’s stock valued at $231,474,000 after acquiring an additional 245,324 shares in the last quarter. Institutional investors own 59.53% of the company’s stock.

SEA Price Performance

Shares of SE opened at $126.01 on Friday. The business’s 50-day moving average is $125.30 and its two-hundred day moving average is $109.41. The company has a market capitalization of $72.12 billion, a P/E ratio of 840.04 and a beta of 1.61. Sea Limited has a fifty-two week low of $51.70 and a fifty-two week high of $147.73. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.60 and a current ratio of 1.62.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on SE shares. Benchmark lifted their price target on shares of SEA from $130.00 to $150.00 and gave the stock a “buy” rating in a report on Wednesday, March 5th. UBS Group boosted their target price on SEA from $135.00 to $176.00 and gave the stock a “buy” rating in a research note on Friday, March 7th. Phillip Securities upgraded SEA from a “moderate sell” rating to a “hold” rating in a research note on Friday, March 7th. Barclays boosted their price target on SEA from $148.00 to $182.00 and gave the stock an “overweight” rating in a research note on Friday, March 7th. Finally, Jefferies Financial Group lifted their target price on shares of SEA from $131.00 to $157.00 and gave the stock a “buy” rating in a research note on Tuesday, March 4th. Three research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $116.67.

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.