Commonwealth Equity Services LLC Buys 5,918 Shares of Sea Limited (NYSE:SE)

Commonwealth Equity Services LLC lifted its stake in shares of Sea Limited (NYSE:SE) by 46.4% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 18,664 shares of the Internet company based in Singapore’s stock after acquiring an additional 5,918 shares during the period. Commonwealth Equity Services LLC’s holdings in SEA were worth $1,980,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. WCM Investment Management LLC raised its holdings in shares of SEA by 22.8% during the fourth quarter. WCM Investment Management LLC now owns 25,663,667 shares of the Internet company based in Singapore’s stock valued at $2,758,331,000 after purchasing an additional 4,761,289 shares during the period. Perpetual Ltd raised its stake 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 worth $222,598,000 after buying an additional 2,031,038 shares during the period. CoreView Capital Management Ltd boosted its holdings in SEA by 341.1% in the third quarter. CoreView Capital Management Ltd now owns 1,996,376 shares of the Internet company based in Singapore’s stock worth $188,218,000 after acquiring an additional 1,543,743 shares in the last quarter. Baillie Gifford & Co. grew its stake in SEA by 3.5% in the fourth quarter. Baillie Gifford & Co. now owns 40,954,549 shares of the Internet company based in Singapore’s stock valued at $4,345,278,000 after acquiring an additional 1,390,531 shares during the period. Finally, Ninety One UK Ltd grew its stake in SEA by 1,673.2% in 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. 59.53% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the company. Arete Research upgraded SEA to a “strong-buy” rating in a report on Sunday, March 23rd. 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 report on Wednesday, March 5th. UBS Group lifted their price objective on shares of SEA from $135.00 to $176.00 and gave the company a “buy” rating in a report on Friday, March 7th. Phillip Securities raised shares of SEA from a “moderate sell” rating to a “hold” rating in a research report on Friday, March 7th. Finally, Jefferies Financial Group raised their price target 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. Three research analysts have rated the stock with a hold rating, eleven have issued a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, SEA currently has a consensus rating of “Moderate Buy” and a consensus target price of $116.67.

SEA Stock Performance

Shares of SE opened at $133.57 on Friday. The stock has a 50 day moving average of $126.97 and a 200 day moving average of $110.87. 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 company has a market capitalization of $76.45 billion, a price-to-earnings ratio of 890.48 and a beta of 1.62.

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.