Bridgewater Associates LP Raises Holdings in Sea Limited (NYSE:SE)

Bridgewater Associates LP increased its position in Sea Limited (NYSE:SE) by 100.1% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 597,039 shares of the Internet company based in Singapore’s stock after acquiring an additional 298,655 shares during the quarter. Bridgewater Associates LP owned about 0.10% of SEA worth $63,346,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Private Trust Co. NA boosted its holdings in SEA by 474.4% in the 4th quarter. Private Trust Co. NA now owns 247 shares of the Internet company based in Singapore’s stock worth $26,000 after buying an additional 204 shares during the period. Kestra Investment Management LLC bought a new position in shares of SEA in the fourth quarter worth $34,000. Farther Finance Advisors LLC grew its position in shares of 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 in the last quarter. Huntington National Bank raised its stake in shares of SEA by 783.6% during the 4th 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. raised its stake in shares of SEA by 4,663.6% during the 4th 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. 59.53% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

SE has been the subject of a number of recent analyst reports. Phillip Securities raised SEA from a “moderate sell” rating to a “hold” rating in a report on Friday, March 7th. Benchmark upped their target price 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 raised their price target on shares of SEA from $135.00 to $176.00 and gave the company a “buy” rating in a report on Friday, March 7th. Sanford C. Bernstein set a $145.00 price target on shares of SEA and gave the stock an “outperform” rating in a report on Wednesday, March 5th. Finally, Jefferies Financial Group lifted their price objective on SEA from $131.00 to $157.00 and gave the company a “buy” rating in a research note on Tuesday, March 4th. Three analysts have rated the stock with a hold rating, eleven have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat, SEA has a consensus rating of “Moderate Buy” and a consensus price target of $121.40.

SEA Stock Performance

NYSE SE opened at $119.26 on Tuesday. Sea Limited has a 12-month low of $51.70 and a 12-month high of $147.73. 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 $126.79 and a two-hundred day simple moving average of $114.38. The firm has a market cap of $68.26 billion, a price-to-earnings ratio of 795.07 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.