Capital Research Global Investors Buys 1,325,183 Shares of Sea Limited (NYSE:SE)

Capital Research Global Investors lifted its position in Sea Limited (NYSE:SE) by 19.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 8,126,064 shares of the Internet company based in Singapore’s stock after buying an additional 1,325,183 shares during the quarter. Capital Research Global Investors’ holdings in SEA were worth $862,175,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the company. Baillie Gifford & Co. raised 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 buying an additional 1,390,531 shares during the period. WCM Investment Management LLC raised its stake in SEA by 22.8% in the 4th 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 acquiring an additional 4,761,289 shares during the period. Norges Bank acquired a new stake in SEA during the 4th quarter valued at $1,493,682,000. Geode Capital Management LLC boosted its position in SEA by 4.6% during the fourth quarter. Geode Capital Management LLC now owns 3,201,601 shares of the Internet company based in Singapore’s stock worth $335,084,000 after purchasing an additional 142,080 shares during the period. Finally, FIL Ltd increased its holdings in shares of SEA by 46.9% in the fourth quarter. FIL Ltd now owns 2,631,081 shares of the Internet company based in Singapore’s stock valued at $279,158,000 after purchasing an additional 840,550 shares during the last quarter. 59.53% of the stock is currently owned by institutional investors and hedge funds.

SEA Stock Performance

Shares of SEA stock opened at $120.97 on Friday. The stock has a market cap of $69.24 billion, a price-to-earnings ratio of 806.49 and a beta of 1.73. 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 twelve month low of $55.00 and a twelve month high of $147.73. The company’s fifty day moving average is $126.40 and its 200 day moving average is $114.93.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on SE shares. Loop Capital increased their target price on SEA from $135.00 to $165.00 and gave the stock a “buy” rating in a research note on Monday, March 31st. JPMorgan Chase & Co. cut SEA from an “overweight” rating to a “neutral” rating and dropped their price objective for the company from $160.00 to $135.00 in a report on Wednesday. Benchmark upped their target price on SEA from $130.00 to $150.00 and gave the company a “buy” rating in a research report on Wednesday, March 5th. Arete Research upgraded SEA to a “strong-buy” rating in a research report on Sunday, March 23rd. Finally, Barclays upped 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. Four analysts have rated the stock with a hold rating, ten have assigned a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, SEA has an average rating of “Moderate Buy” and a consensus price target of $121.73.

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.