Sea Limited (NYSE:SE) Shares Purchased by Keystone Investors PTE Ltd.

Keystone Investors PTE Ltd. grew its stake in Sea Limited (NYSE:SE) by 11.0% during the 4th quarter, Holdings Channel reports. The fund owned 932,634 shares of the Internet company based in Singapore’s stock after acquiring an additional 92,459 shares during the period. SEA comprises about 6.9% of Keystone Investors PTE Ltd.’s portfolio, making the stock its 4th biggest position. Keystone Investors PTE Ltd.’s holdings in SEA were worth $98,952,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the stock. WCM Investment Management LLC increased its stake in SEA by 22.8% in the fourth 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 purchasing an additional 4,761,289 shares during the last quarter. Perpetual Ltd increased its position in 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 last quarter. CoreView Capital Management Ltd grew its stake 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 buying an additional 1,543,743 shares during the period. Baillie Gifford & Co. increased its holdings in shares of SEA by 3.5% during the 4th quarter. Baillie Gifford & Co. now owns 40,954,549 shares of the Internet company based in Singapore’s stock worth $4,345,278,000 after buying an additional 1,390,531 shares during the last quarter. Finally, Ninety One UK Ltd boosted its holdings in 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 valued at $131,977,000 after acquiring an additional 1,173,738 shares during the last quarter. Institutional investors and hedge funds own 59.53% of the company’s stock.

SEA Stock Performance

Shares of SE stock opened at $129.69 on Tuesday. 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 business has a 50 day moving average of $125.76 and a two-hundred day moving average of $110.21. The company has a market cap of $74.23 billion, a P/E ratio of 864.63 and a beta of 1.62. Sea Limited has a 52 week low of $51.70 and a 52 week high of $147.73.

Analyst Ratings Changes

A number of analysts have recently issued reports on the company. Benchmark boosted their target price on SEA from $130.00 to $150.00 and gave the stock a “buy” rating in a report on Wednesday, March 5th. Jefferies Financial Group boosted their price objective on SEA from $131.00 to $157.00 and gave the stock a “buy” rating in a research note on Tuesday, March 4th. JPMorgan Chase & Co. raised their target price on SEA from $133.00 to $160.00 and gave the company an “overweight” rating in a report on Wednesday, March 5th. Sanford C. Bernstein set a $145.00 target price on shares of SEA and gave the company an “outperform” rating in a research note on Wednesday, March 5th. Finally, UBS Group upped their price objective on shares of SEA from $135.00 to $176.00 and gave the company a “buy” rating in a research report on Friday, March 7th. Three equities research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, SEA currently has an average rating of “Moderate Buy” and an average price target of $116.67.

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.