Ossiam Grows Holdings in Sea Limited (NYSE:SE)

Ossiam increased its stake in shares of Sea Limited (NYSE:SE) by 498.5% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 11,353 shares of the Internet company based in Singapore’s stock after purchasing an additional 9,456 shares during the period. Ossiam’s holdings in SEA were worth $1,205,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in SE. Perpetual Ltd grew its holdings in shares of SEA by 3,033.0% in the fourth quarter. Perpetual Ltd now owns 2,098,003 shares of the Internet company based in Singapore’s stock valued at $222,598,000 after purchasing an additional 2,031,038 shares in the last quarter. Ninety One UK Ltd increased its position in shares of SEA by 1,673.2% during the fourth quarter. Ninety One UK Ltd now owns 1,243,888 shares of the Internet company based in Singapore’s stock worth $131,977,000 after acquiring an additional 1,173,738 shares during the period. M&T Bank Corp raised its stake in shares of SEA by 2,163.9% in the third quarter. M&T Bank Corp now owns 74,505 shares of the Internet company based in Singapore’s stock valued at $7,024,000 after acquiring an additional 71,214 shares in the last quarter. SeaTown Holdings Pte. Ltd. purchased a new position in SEA in the fourth quarter valued at $4,821,000. Finally, Charles Schwab Investment Management Inc. grew its stake in SEA by 7.1% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 291,158 shares of the Internet company based in Singapore’s stock worth $30,892,000 after purchasing an additional 19,411 shares in the last quarter. Institutional investors and hedge funds own 59.53% of the company’s stock.

SEA Price Performance

Shares of NYSE:SE opened at $116.43 on Tuesday. Sea Limited has a one year low of $55.00 and a one year high of $147.73. The stock has a market capitalization of $66.64 billion, a price-to-earnings ratio of 776.20 and a beta of 1.73. The company has a 50-day simple moving average of $126.12 and a 200-day simple moving average of $115.21. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.60 and a current ratio of 1.62.

Wall Street Analyst Weigh In

SE has been the subject of several recent research reports. JPMorgan Chase & Co. cut SEA from an “overweight” rating to a “neutral” rating and decreased their price objective for the company from $160.00 to $135.00 in a research note on Wednesday, April 16th. Arete Research upgraded shares of SEA to a “strong-buy” rating in a report on Sunday, March 23rd. Barclays boosted their target price on shares of SEA from $148.00 to $182.00 and gave the stock an “overweight” rating in a research note on Friday, March 7th. Jefferies Financial Group lifted their price target on SEA from $131.00 to $157.00 and gave the stock a “buy” rating in a report on Tuesday, March 4th. Finally, Phillip Securities upgraded SEA from a “moderate sell” rating to a “hold” rating in a report on Friday, March 7th. Four 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 company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $121.73.

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.