Blue Grotto Capital LLC Raises Holdings in Sea Limited (NYSE:SE)

Blue Grotto Capital LLC boosted its position in Sea Limited (NYSE:SE) by 26.7% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 380,000 shares of the Internet company based in Singapore’s stock after purchasing an additional 80,000 shares during the period. SEA comprises 7.4% of Blue Grotto Capital LLC’s holdings, making the stock its 2nd largest position. Blue Grotto Capital LLC owned about 0.07% of SEA worth $40,318,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the business. WCM Investment Management LLC lifted its position in 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 worth $2,758,331,000 after acquiring an additional 4,761,289 shares during the last quarter. Perpetual Ltd increased its stake in shares of SEA by 3,033.0% during the fourth quarter. Perpetual Ltd now owns 2,098,003 shares of the Internet company based in Singapore’s stock worth $222,598,000 after purchasing an additional 2,031,038 shares during the period. CoreView Capital Management Ltd lifted its holdings in SEA by 341.1% during the 3rd 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 purchasing an additional 1,543,743 shares during the last quarter. Baillie Gifford & Co. boosted its stake in SEA by 3.5% in the 4th 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 purchasing an additional 1,390,531 shares during the period. Finally, Ninety One UK Ltd grew its holdings in SEA by 1,673.2% in the 4th 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 buying an additional 1,173,738 shares in the last quarter. Institutional investors and hedge funds own 59.53% of the company’s stock.

Wall Street Analyst Weigh In

SE has been the subject of a number of recent research reports. Sanford C. Bernstein set a $145.00 target price on shares of SEA and gave the company an “outperform” rating in a research report on Wednesday, March 5th. Jefferies Financial Group boosted their price objective on shares of SEA from $131.00 to $157.00 and gave the company a “buy” rating in a report on Tuesday, March 4th. Barclays raised 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. UBS Group boosted their price target on SEA from $135.00 to $176.00 and gave the company a “buy” rating in a research note on Friday, March 7th. Finally, Arete Research upgraded SEA to a “strong-buy” rating in a research note on Sunday. Three investment 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. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $116.67.

SEA Stock Performance

SEA stock opened at $130.37 on Wednesday. The company has a quick ratio of 1.60, a current ratio of 1.62 and a debt-to-equity ratio of 0.36. The stock has a market cap of $74.62 billion, a PE ratio of 869.13 and a beta of 1.62. Sea Limited has a 12-month low of $51.70 and a 12-month high of $147.73. The business’s 50-day moving average price is $126.16 and its two-hundred day moving average price is $110.59.

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.