Sea Limited (NYSE:SE) Shares Bought by DnB Asset Management AS

DnB Asset Management AS increased its stake in Sea Limited (NYSE:SE) by 10.2% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 60,836 shares of the Internet company based in Singapore’s stock after acquiring an additional 5,646 shares during the period. DnB Asset Management AS’s holdings in SEA were worth $6,455,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of SE. Perpetual Ltd grew its stake in shares of 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 valued at $222,598,000 after buying an additional 2,031,038 shares during the period. Ninety One UK Ltd grew its position in SEA by 1,673.2% during the fourth 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 period. M&T Bank Corp increased its stake in SEA by 2,163.9% during the third quarter. M&T Bank Corp now owns 74,505 shares of the Internet company based in Singapore’s stock worth $7,024,000 after acquiring an additional 71,214 shares during the last quarter. SeaTown Holdings Pte. Ltd. purchased a new position in shares of SEA in the 4th quarter worth about $4,821,000. Finally, Point72 Hong Kong Ltd acquired a new position in shares of SEA in the 3rd quarter valued at about $3,410,000. Institutional investors and hedge funds own 59.53% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently commented on the stock. Barclays raised their price target on shares of SEA from $148.00 to $182.00 and gave the company an “overweight” rating in a report on Friday, March 7th. Arete Research upgraded shares of SEA to a “strong-buy” rating in a report on Sunday, March 23rd. Benchmark upped their price target on shares of SEA from $130.00 to $150.00 and gave the stock a “buy” rating in a research report on Wednesday, March 5th. UBS Group raised their price objective on SEA from $135.00 to $176.00 and gave the company a “buy” rating in a research report on Friday, March 7th. Finally, Phillip Securities raised SEA from a “moderate sell” rating to a “hold” rating in a research report on Friday, March 7th. Three research analysts have rated the stock with a hold rating, eleven have issued a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, SEA presently has a consensus rating of “Moderate Buy” and an average target price of $116.67.

SEA Stock Down 2.0 %

Shares of NYSE:SE opened at $130.96 on Monday. The firm has a market cap of $74.95 billion, a PE ratio of 873.05 and a beta of 1.62. The company has a fifty day simple moving average of $127.28 and a 200 day simple moving average of $111.72. The company has a current ratio of 1.62, a quick ratio of 1.60 and a debt-to-equity ratio of 0.36. Sea Limited has a 12-month low of $51.70 and a 12-month high of $147.73.

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.