Sanctuary Advisors LLC Raises Holdings in Sea Limited (NYSE:SE)

Sanctuary Advisors LLC lifted its stake in Sea Limited (NYSE:SE) by 2.8% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 6,387 shares of the Internet company based in Singapore’s stock after acquiring an additional 173 shares during the period. Sanctuary Advisors LLC’s holdings in SEA were worth $678,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in SE. WCM Investment Management LLC increased its position in SEA by 35.9% during the 3rd quarter. WCM Investment Management LLC now owns 20,902,378 shares of the Internet company based in Singapore’s stock valued at $1,971,303,000 after buying an additional 5,517,559 shares in the last quarter. Perpetual Ltd increased its position 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 valued at $222,598,000 after buying an additional 2,031,038 shares in the last quarter. Ninety One UK Ltd increased its position in SEA by 1,673.2% during 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 buying an additional 1,173,738 shares in the last quarter. Robeco Institutional Asset Management B.V. increased its position in SEA by 1.8% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 404,096 shares of the Internet company based in Singapore’s stock valued at $38,098,000 after buying an additional 7,175 shares in the last quarter. Finally, M&T Bank Corp increased its position in SEA by 2,163.9% during the 3rd quarter. M&T Bank Corp now owns 74,505 shares of the Internet company based in Singapore’s stock valued at $7,024,000 after buying an additional 71,214 shares in the last quarter. 59.53% of the stock is owned by institutional investors.

Analyst Ratings Changes

SE has been the topic of several recent analyst reports. Barclays upped their target price on SEA from $131.00 to $148.00 and gave the company an “overweight” rating in a research report on Wednesday. TD Cowen increased their price objective on SEA from $69.00 to $100.00 and gave the company a “hold” rating in a report on Wednesday, November 13th. Wedbush reissued an “outperform” rating and issued a $105.00 price objective (up from $84.00) on shares of SEA in a report on Monday, November 4th. Phillip Securities reissued a “reduce” rating and issued a $100.00 price objective (up from $80.00) on shares of SEA in a report on Tuesday, November 19th. Finally, Dbs Bank raised SEA from a “hold” rating to a “strong-buy” rating in a report on Wednesday, November 13th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, SEA has a consensus rating of “Moderate Buy” and a consensus price target of $92.43.

SEA Stock Up 0.5 %

Shares of SE opened at $127.05 on Friday. The company has a market capitalization of $72.71 billion, a price-to-earnings ratio of 846.99 and a beta of 1.55. The stock’s 50-day moving average price is $118.39 and its 200-day moving average price is $103.78. The company has a quick ratio of 1.60, a current ratio of 1.62 and a debt-to-equity ratio of 0.36. Sea Limited has a 52 week low of $48.14 and a 52 week high of $139.18.

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.