Geode Capital Management LLC Raises Position in Sea Limited (NYSE:SE)

Geode Capital Management LLC grew its position in shares of Sea Limited (NYSE:SE) by 4.6% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 3,201,601 shares of the Internet company based in Singapore’s stock after acquiring an additional 142,080 shares during the period. Geode Capital Management LLC owned about 0.56% of SEA worth $335,084,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the company. Private Trust Co. NA grew its stake in SEA by 474.4% in the fourth quarter. Private Trust Co. NA now owns 247 shares of the Internet company based in Singapore’s stock worth $26,000 after purchasing an additional 204 shares during the period. Kestra Investment Management LLC purchased a new stake in shares of SEA in the 4th quarter worth about $34,000. Farther Finance Advisors LLC increased its stake in shares of SEA by 43.8% in the 4th quarter. Farther Finance Advisors LLC now owns 368 shares of the Internet company based in Singapore’s stock worth $39,000 after acquiring an additional 112 shares in the last quarter. Geneos Wealth Management Inc. lifted its position in SEA by 4,663.6% during the 4th quarter. Geneos Wealth Management Inc. now owns 524 shares of the Internet company based in Singapore’s stock valued at $56,000 after acquiring an additional 513 shares during the period. Finally, SOA Wealth Advisors LLC. boosted its stake in SEA by 33.3% during the third quarter. SOA Wealth Advisors LLC. now owns 600 shares of the Internet company based in Singapore’s stock worth $57,000 after acquiring an additional 150 shares in the last quarter. Hedge funds and other institutional investors own 59.53% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on SE. UBS Group raised their target price on shares of SEA from $135.00 to $176.00 and gave the company a “buy” rating in a research note on Friday, March 7th. Sanford C. Bernstein set a $145.00 price objective on SEA and gave the company an “outperform” rating in a research note on Wednesday, March 5th. JPMorgan Chase & Co. increased their target price on SEA from $133.00 to $160.00 and gave the stock an “overweight” rating in a research note on Wednesday, March 5th. Phillip Securities raised SEA from a “moderate sell” rating to a “hold” rating in a research report on Friday, March 7th. Finally, Loop Capital increased their price objective on shares of SEA from $135.00 to $165.00 and gave the company a “buy” rating in a research report on Monday, March 31st. Three equities research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, SEA presently has an average rating of “Moderate Buy” and a consensus price target of $121.40.

SEA Stock Down 11.6 %

Shares of SEA stock opened at $106.18 on Friday. 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 $51.70 and a twelve month high of $147.73. The company has a market cap of $60.77 billion, a price-to-earnings ratio of 707.88 and a beta of 1.73. The company’s 50 day moving average is $128.04 and its 200 day moving average is $112.83.

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.