BI Asset Management Fondsmaeglerselskab A S Acquires 6,864 Shares of Sea Limited (NYSE:SE)

BI Asset Management Fondsmaeglerselskab A S increased its holdings in shares of Sea Limited (NYSE:SE) by 12.4% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 62,235 shares of the Internet company based in Singapore’s stock after purchasing an additional 6,864 shares during the period. BI Asset Management Fondsmaeglerselskab A S’s holdings in SEA were worth $6,603,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the business. Capital Research Global Investors lifted its holdings in SEA by 19.5% during the fourth quarter. Capital Research Global Investors now owns 8,126,064 shares of the Internet company based in Singapore’s stock worth $862,175,000 after buying an additional 1,325,183 shares during the period. Dimensional Fund Advisors LP raised its position in shares of SEA by 0.8% in the 4th quarter. Dimensional Fund Advisors LP now owns 52,464 shares of the Internet company based in Singapore’s stock worth $5,566,000 after acquiring an additional 415 shares in the last quarter. First Trust Advisors LP lifted its stake in shares of SEA by 9.6% during the 4th quarter. First Trust Advisors LP now owns 31,311 shares of the Internet company based in Singapore’s stock worth $3,322,000 after purchasing an additional 2,730 shares during the last quarter. Freedom Investment Management Inc. purchased a new position in SEA in the fourth quarter valued at about $582,000. Finally, GeoWealth Management LLC raised its holdings in SEA by 1,251.4% in the fourth quarter. GeoWealth Management LLC now owns 3,446 shares of the Internet company based in Singapore’s stock worth $366,000 after purchasing an additional 3,191 shares in the last quarter. 59.53% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

SE has been the topic of a number of analyst reports. Phillip Securities raised shares of SEA from a “moderate sell” rating to a “hold” rating in a research report on Friday, March 7th. Jefferies Financial Group increased their price objective on SEA from $131.00 to $157.00 and gave the company a “buy” rating in a report on Tuesday, March 4th. Barclays boosted their target price on SEA from $148.00 to $182.00 and gave the stock an “overweight” rating in a research note on Friday, March 7th. JPMorgan Chase & Co. cut SEA from an “overweight” rating to a “neutral” rating and decreased their price target for the company from $160.00 to $135.00 in a research note on Wednesday. Finally, UBS Group boosted their price target on SEA from $135.00 to $176.00 and gave the stock a “buy” rating in a research note on Friday, March 7th. Four equities research analysts have rated the stock with a hold rating, ten have given a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, SEA has an average rating of “Moderate Buy” and a consensus price target of $121.73.

SEA Trading Up 1.9 %

Shares of SEA stock opened at $120.97 on Friday. Sea Limited has a 1 year low of $55.00 and a 1 year high of $147.73. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.62 and a quick ratio of 1.60. The stock has a market cap of $69.24 billion, a PE ratio of 806.49 and a beta of 1.73. The firm has a fifty day moving average price of $126.40 and a 200 day moving average price of $114.93.

SEA 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.