Charles Schwab Investment Management Inc. Has $30.89 Million Stake in Sea Limited (NYSE:SE)

Charles Schwab Investment Management Inc. raised its stake in Sea Limited (NYSE:SE) by 7.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 291,158 shares of the Internet company based in Singapore’s stock after purchasing an additional 19,411 shares during the period. Charles Schwab Investment Management Inc. owned 0.05% of SEA worth $30,892,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Plato Investment Management Ltd increased its holdings in shares of SEA by 105.9% in the fourth quarter. Plato Investment Management Ltd now owns 7,051 shares of the Internet company based in Singapore’s stock valued at $751,000 after purchasing an additional 3,626 shares during the last quarter. SBI Securities Co. Ltd. bought a new stake in shares of SEA in the fourth quarter valued at about $562,000. Jones Financial Companies Lllp boosted its position in shares of SEA by 31.1% in the fourth quarter. Jones Financial Companies Lllp now owns 5,083 shares of the Internet company based in Singapore’s stock valued at $539,000 after acquiring an additional 1,207 shares during the period. Bailard Inc. boosted its position in shares of SEA by 49.9% in the fourth quarter. Bailard Inc. now owns 63,101 shares of the Internet company based in Singapore’s stock valued at $6,695,000 after acquiring an additional 21,000 shares during the period. Finally, Norden Group LLC boosted its position in shares of SEA by 9.2% in the fourth quarter. Norden Group LLC now owns 3,016 shares of the Internet company based in Singapore’s stock valued at $320,000 after acquiring an additional 254 shares during the period. 59.53% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

SE has been the subject of a number of recent research reports. Jefferies Financial Group boosted their target price on shares of SEA from $131.00 to $157.00 and gave the company a “buy” rating in a research report on Tuesday, March 4th. Sanford C. Bernstein set a $145.00 target price on shares of SEA and gave the company an “outperform” rating in a research report on Wednesday, March 5th. JPMorgan Chase & Co. upped their price objective on shares of SEA from $133.00 to $160.00 and gave the stock an “overweight” rating in a research report on Wednesday, March 5th. UBS Group upped their price objective on shares of SEA from $135.00 to $176.00 and gave the stock a “buy” rating in a research report on Friday, March 7th. Finally, Barclays upped their price objective on shares of SEA from $148.00 to $182.00 and gave the stock an “overweight” rating in a research report on Friday, March 7th. Three equities 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. According to MarketBeat, SEA currently has a consensus rating of “Moderate Buy” and an average price target of $116.67.

SEA Stock Up 1.9 %

SE stock opened at $127.24 on Monday. The stock has a market capitalization of $72.83 billion, a P/E ratio of 848.29 and a beta of 1.62. 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. The firm has a 50-day moving average price of $123.38 and a 200-day moving average price of $108.11.

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.