Fox Run Management L.L.C. Invests $1.72 Million in Sea Limited (NYSE:SE)

Fox Run Management L.L.C. bought a new position in shares of Sea Limited (NYSE:SE) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 16,181 shares of the Internet company based in Singapore’s stock, valued at approximately $1,717,000. SEA makes up 0.3% of Fox Run Management L.L.C.’s investment portfolio, making the stock its 29th biggest position.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. WCM Investment Management LLC boosted its position in shares of 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 lifted its stake in SEA by 3,033.0% in the 4th 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 in the last quarter. CoreView Capital Management Ltd boosted its holdings in shares of 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 valued at $188,218,000 after purchasing an additional 1,543,743 shares during the last quarter. Baillie Gifford & Co. grew its position in shares of SEA by 3.5% during 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 purchasing an additional 1,390,531 shares in the last quarter. Finally, Ninety One UK Ltd increased its holdings in shares of SEA by 1,673.2% in 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 purchasing an additional 1,173,738 shares during the last quarter. Institutional investors own 59.53% of the company’s stock.

Analyst Upgrades and Downgrades

SE has been the subject of a number of research reports. Phillip Securities raised SEA from a “moderate sell” rating to a “hold” rating in a research note on Friday, March 7th. Benchmark raised their target price on shares of SEA from $130.00 to $150.00 and gave the company a “buy” rating in a report on Wednesday, March 5th. Sanford C. Bernstein set a $145.00 price target on shares of SEA and gave the company an “outperform” rating in a research note on Wednesday, March 5th. Jefferies Financial Group lifted their price objective on shares of SEA from $131.00 to $157.00 and gave the stock a “buy” rating in a research note on Tuesday, March 4th. Finally, Barclays boosted 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. Three analysts have rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $116.67.

SEA Trading Down 0.9 %

SE opened at $126.01 on Friday. 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 stock’s 50 day moving average price is $125.30 and its 200-day moving average price is $109.41. Sea Limited has a one year low of $51.70 and a one year high of $147.73. The stock has a market cap of $72.12 billion, a price-to-earnings ratio of 840.04 and a beta of 1.61.

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.