Contrarius Group Holdings Ltd Invests $18 Million in Sea Limited (NYSE:SE)

Contrarius Group Holdings Ltd bought a new position in Sea Limited (NYSE:SE) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 169,620 shares of the Internet company based in Singapore’s stock, valued at approximately $17,997,000. SEA comprises 1.1% of Contrarius Group Holdings Ltd’s investment portfolio, making the stock its 21st largest position.

Several other institutional investors and hedge funds have also recently made changes to their positions in SE. Baillie Gifford & Co. boosted 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 acquiring an additional 1,390,531 shares in the last quarter. WCM Investment Management LLC boosted 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 acquiring an additional 4,761,289 shares in the last quarter. Geode Capital Management LLC lifted its position in SEA by 4.2% during the third quarter. Geode Capital Management LLC now owns 3,059,521 shares of the Internet company based in Singapore’s stock valued at $283,543,000 after buying an additional 124,433 shares during the period. William Blair Investment Management LLC lifted its position in SEA by 32.5% during the fourth quarter. William Blair Investment Management LLC now owns 2,233,158 shares of the Internet company based in Singapore’s stock valued at $236,928,000 after buying an additional 547,509 shares during the period. Finally, Perpetual Ltd lifted 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 valued at $222,598,000 after buying an additional 2,031,038 shares during the period. Institutional investors own 59.53% of the company’s stock.

Analyst Upgrades and Downgrades

SE has been the subject of several recent analyst reports. JPMorgan Chase & Co. lifted their price target on SEA from $133.00 to $160.00 and gave the stock an “overweight” rating in a research report on Wednesday, March 5th. Benchmark lifted their price target on SEA from $130.00 to $150.00 and gave the stock a “buy” rating in a research report on Wednesday, March 5th. Sanford C. Bernstein set a $145.00 price target on SEA and gave the stock an “outperform” rating in a research report 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, Jefferies Financial Group lifted their price objective on SEA from $131.00 to $157.00 and gave the stock a “buy” rating in a report on Tuesday, March 4th. 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 company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $116.67.

SEA Trading Up 1.1 %

SEA stock opened at $126.48 on Thursday. The business has a 50-day simple moving average of $124.58 and a two-hundred day simple moving average of $108.95. The company has a market cap of $72.39 billion, a P/E ratio of 843.17 and a beta of 1.61. Sea Limited has a 52-week low of $51.70 and a 52-week 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.

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.