Vinva Investment Management Ltd Has $10.66 Million Stake in Sea Limited (NYSE:SE)

Vinva Investment Management Ltd lifted its stake in shares of Sea Limited (NYSE:SE) by 44.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 99,135 shares of the Internet company based in Singapore’s stock after purchasing an additional 30,611 shares during the period. Vinva Investment Management Ltd’s holdings in SEA were worth $10,655,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the stock. WCM Investment Management LLC lifted its holdings 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 buying an additional 4,761,289 shares during the period. Perpetual Ltd lifted its holdings in SEA by 3,033.0% in the fourth quarter. Perpetual Ltd now owns 2,098,003 shares of the Internet company based in Singapore’s stock valued at $222,598,000 after buying an additional 2,031,038 shares during the period. CoreView Capital Management Ltd lifted its holdings in SEA by 341.1% in the third 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. lifted its holdings in SEA by 3.5% in 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 buying an additional 1,390,531 shares during the period. Finally, Ninety One UK Ltd lifted 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 buying an additional 1,173,738 shares during the period. 59.53% of the stock is currently owned by institutional investors and hedge funds.

SEA Trading Down 5.6 %

Shares of NYSE:SE opened at $125.17 on Wednesday. Sea Limited has a 12 month low of $51.70 and a 12 month high of $147.73. 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 company’s fifty day simple moving average is $124.24 and its 200 day simple moving average is $108.83. The firm has a market cap of $71.64 billion, a price-to-earnings ratio of 834.47 and a beta of 1.61.

Analysts Set New Price Targets

Several equities analysts recently weighed in on SE shares. UBS Group increased their price objective on shares of SEA from $135.00 to $176.00 and gave the company a “buy” rating in a report on Friday, March 7th. JPMorgan Chase & Co. increased their price objective on shares of SEA from $133.00 to $160.00 and gave the company an “overweight” rating in a report on Wednesday, March 5th. Jefferies Financial Group increased 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. Phillip Securities upgraded shares of SEA from a “moderate sell” rating to a “hold” rating in a report on Friday, March 7th. Finally, Sanford C. Bernstein set a $145.00 price target on shares of SEA and gave the stock an “outperform” rating in a research report on Wednesday, March 5th. Three research 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. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $116.67.

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.