25,396 Shares in Sea Limited (NYSE:SE) Purchased by Dorsey Wright & Associates

Dorsey Wright & Associates acquired a new stake in Sea Limited (NYSE:SE) during the 4th quarter, according to its most recent filing with the SEC. The institutional investor acquired 25,396 shares of the Internet company based in Singapore’s stock, valued at approximately $2,695,000.

A number of other hedge funds have also modified their holdings of the stock. Allianz SE acquired a new position in SEA during the fourth quarter worth $2,342,000. DnB Asset Management AS boosted its position in SEA by 10.2% in the fourth quarter. DnB Asset Management AS now owns 60,836 shares of the Internet company based in Singapore’s stock valued at $6,455,000 after buying an additional 5,646 shares in the last quarter. Pictet Asset Management Holding SA boosted its position in SEA by 6.3% in the fourth quarter. Pictet Asset Management Holding SA now owns 252,926 shares of the Internet company based in Singapore’s stock valued at $26,835,000 after buying an additional 14,925 shares in the last quarter. Nomura Asset Management Co. Ltd. grew its stake in SEA by 5.1% during the fourth quarter. Nomura Asset Management Co. Ltd. now owns 170,527 shares of the Internet company based in Singapore’s stock worth $18,093,000 after buying an additional 8,277 shares during the last quarter. Finally, Norges Bank acquired a new stake in shares of SEA during the fourth quarter worth approximately $1,493,682,000. 59.53% of the stock is owned by institutional investors and hedge funds.

SEA Price Performance

Shares of SE opened at $130.96 on Friday. The company has a current ratio of 1.62, a quick ratio of 1.60 and a debt-to-equity ratio of 0.36. The stock has a market cap of $74.95 billion, a P/E ratio of 873.05 and a beta of 1.62. The stock’s 50-day moving average price is $127.28 and its two-hundred day moving average price is $111.49. Sea Limited has a 1 year low of $51.70 and a 1 year high of $147.73.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on SE shares. Jefferies Financial Group raised their price target on SEA from $131.00 to $157.00 and gave the company a “buy” rating in a report on Tuesday, March 4th. Arete Research raised SEA to a “strong-buy” rating in a report on Sunday, March 23rd. Benchmark increased their price objective on shares of SEA from $130.00 to $150.00 and gave the stock a “buy” rating in a report on Wednesday, March 5th. UBS Group boosted their target price on shares of SEA from $135.00 to $176.00 and gave the stock a “buy” rating in a research note on Friday, March 7th. Finally, Phillip Securities raised shares of SEA from a “moderate sell” rating to a “hold” rating in a research note on Friday, March 7th. Three research analysts have rated the stock with a hold rating, eleven have given a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $116.67.

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.