ExodusPoint Capital Management LP Takes Position in Sea Limited (NYSE:SE)

ExodusPoint Capital Management LP bought a new stake in shares of Sea Limited (NYSE:SE) during the 4th quarter, HoldingsChannel.com reports. The fund bought 21,983 shares of the Internet company based in Singapore’s stock, valued at approximately $2,332,000.

A number of other large investors also recently added to or reduced their stakes in SE. HighTower Advisors LLC lifted its position in SEA by 160.3% in the third quarter. HighTower Advisors LLC now owns 38,836 shares of the Internet company based in Singapore’s stock valued at $3,669,000 after purchasing an additional 23,914 shares during the last quarter. Integrated Wealth Concepts LLC raised its holdings in SEA by 2.6% during the 3rd quarter. Integrated Wealth Concepts LLC now owns 6,357 shares of the Internet company based in Singapore’s stock valued at $599,000 after buying an additional 160 shares during the last quarter. Quantinno Capital Management LP boosted its position in SEA by 32.1% during the 3rd quarter. Quantinno Capital Management LP now owns 12,458 shares of the Internet company based in Singapore’s stock valued at $1,175,000 after buying an additional 3,026 shares during the period. Stifel Financial Corp grew its holdings in SEA by 132.8% in the 3rd quarter. Stifel Financial Corp now owns 155,799 shares of the Internet company based in Singapore’s stock worth $14,689,000 after acquiring an additional 88,886 shares during the last quarter. Finally, Insigneo Advisory Services LLC bought a new stake in SEA in the 3rd quarter worth $236,000. Hedge funds and other institutional investors own 59.53% of the company’s stock.

SEA Price Performance

SE stock opened at $108.56 on Tuesday. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.60 and a current ratio of 1.62. The firm has a 50 day moving average price of $127.92 and a 200-day moving average price of $113.44. Sea Limited has a 52-week low of $51.70 and a 52-week high of $147.73. The firm has a market capitalization of $62.13 billion, a price-to-earnings ratio of 723.70 and a beta of 1.73.

Analyst Ratings Changes

A number of research firms have recently weighed in on SE. Barclays increased their target price on shares of SEA from $148.00 to $182.00 and gave the stock an “overweight” rating in a report on Friday, March 7th. Phillip Securities upgraded SEA from a “moderate sell” rating to a “hold” rating in a report on Friday, March 7th. Loop Capital lifted their price objective on SEA from $135.00 to $165.00 and gave the stock a “buy” rating in a research report on Monday, March 31st. Arete Research upgraded SEA to a “strong-buy” rating in a report on Sunday, March 23rd. Finally, Jefferies Financial Group raised their price target on SEA from $131.00 to $157.00 and gave the stock a “buy” rating in a research note on Tuesday, March 4th. Three equities research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $121.40.

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.