Blue Grotto Capital LLC Raises Stock Holdings in Sea Limited (NYSE:SE)

Blue Grotto Capital LLC raised its position in Sea Limited (NYSE:SE) by 26.7% in the 4th quarter, Holdings Channel.com reports. The firm owned 380,000 shares of the Internet company based in Singapore’s stock after buying an additional 80,000 shares during the period. SEA makes up 7.4% of Blue Grotto Capital LLC’s portfolio, making the stock its 2nd biggest holding. Blue Grotto Capital LLC’s holdings in SEA were worth $40,318,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the company. Farther Finance Advisors LLC boosted its stake in SEA by 43.8% during the fourth quarter. Farther Finance Advisors LLC now owns 368 shares of the Internet company based in Singapore’s stock worth $39,000 after acquiring an additional 112 shares in the last quarter. SOA Wealth Advisors LLC. raised its holdings in shares of SEA by 33.3% during the third quarter. SOA Wealth Advisors LLC. now owns 600 shares of the Internet company based in Singapore’s stock valued at $57,000 after purchasing an additional 150 shares during the period. TD Private Client Wealth LLC boosted its position in shares of SEA by 33.7% during the 3rd quarter. TD Private Client Wealth LLC now owns 603 shares of the Internet company based in Singapore’s stock worth $57,000 after purchasing an additional 152 shares in the last quarter. Ballentine Partners LLC grew its stake in shares of SEA by 5.6% in the 4th quarter. Ballentine Partners LLC now owns 2,970 shares of the Internet company based in Singapore’s stock valued at $315,000 after buying an additional 158 shares during the period. Finally, Integrated Wealth Concepts LLC increased its position in SEA by 2.6% in the 3rd quarter. Integrated Wealth Concepts LLC now owns 6,357 shares of the Internet company based in Singapore’s stock valued at $599,000 after buying an additional 160 shares in the last quarter. 59.53% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on SE. JPMorgan Chase & Co. increased their price target on SEA from $133.00 to $160.00 and gave the stock an “overweight” rating in a report on Wednesday, March 5th. Barclays lifted their price target on shares of SEA from $148.00 to $182.00 and gave the company an “overweight” rating in a research report on Friday, March 7th. Arete Research upgraded shares of SEA to a “strong-buy” rating in a report on Sunday. Jefferies Financial Group lifted their price objective 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, Phillip Securities raised shares of SEA from a “moderate sell” rating to a “hold” rating in a research report on Friday, March 7th. Three analysts have rated the stock with a hold rating, eleven have assigned a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $116.67.

SEA Stock Up 0.7 %

Shares of NYSE:SE opened at $130.37 on Wednesday. Sea Limited has a 1 year low of $51.70 and a 1 year high of $147.73. The company has a market capitalization of $74.62 billion, a PE ratio of 869.13 and a beta of 1.62. The business has a fifty day moving average price of $126.16 and a two-hundred day moving average price of $110.59. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.62 and a quick ratio of 1.60.

SEA 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.