William Blair Investment Management LLC Grows Holdings in Sea Limited (NYSE:SE)

William Blair Investment Management LLC raised its stake in Sea Limited (NYSE:SE) by 32.5% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 2,233,158 shares of the Internet company based in Singapore’s stock after purchasing an additional 547,509 shares during the period. William Blair Investment Management LLC owned 0.39% of SEA worth $236,928,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Signaturefd LLC increased its position in shares of SEA by 5.3% in the 4th quarter. Signaturefd LLC now owns 7,735 shares of the Internet company based in Singapore’s stock worth $821,000 after purchasing an additional 391 shares during the last quarter. Addison Capital Co boosted its holdings in shares of SEA by 0.7% in the 4th quarter. Addison Capital Co now owns 39,321 shares of the Internet company based in Singapore’s stock valued at $4,172,000 after buying an additional 270 shares during the period. SlateStone Wealth LLC boosted its holdings in shares of SEA by 2.5% in the 4th quarter. SlateStone Wealth LLC now owns 39,396 shares of the Internet company based in Singapore’s stock valued at $4,180,000 after buying an additional 964 shares during the period. Corient Private Wealth LLC boosted its holdings in shares of SEA by 9.5% in the 4th quarter. Corient Private Wealth LLC now owns 7,619 shares of the Internet company based in Singapore’s stock valued at $808,000 after buying an additional 662 shares during the period. Finally, Envestnet Portfolio Solutions Inc. boosted its holdings in shares of SEA by 67.2% in the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 41,269 shares of the Internet company based in Singapore’s stock valued at $4,379,000 after buying an additional 16,586 shares during the period. Institutional investors own 59.53% of the company’s stock.

SEA Trading Up 1.9 %

Shares of NYSE SE opened at $127.24 on Monday. 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 12 month low of $51.70 and a 12 month high of $147.73. The company has a market cap of $72.83 billion, a price-to-earnings ratio of 848.29 and a beta of 1.62. The business has a fifty day simple moving average of $123.38 and a 200-day simple moving average of $108.11.

Analysts Set New Price Targets

Several research firms have recently commented on SE. JPMorgan Chase & Co. lifted their price target on shares of SEA from $133.00 to $160.00 and gave the company an “overweight” rating in a report on Wednesday, March 5th. UBS Group raised their price target on SEA from $135.00 to $176.00 and gave the company a “buy” rating in a report on Friday, March 7th. Barclays increased their target price on shares of SEA from $148.00 to $182.00 and gave the company an “overweight” rating in a research report on Friday, March 7th. Phillip Securities upgraded shares of SEA from a “moderate sell” rating to a “hold” rating in a research report on Friday, March 7th. Finally, Benchmark increased their price objective on shares of SEA from $130.00 to $150.00 and gave the company a “buy” rating in a report on Wednesday, March 5th. Three investment 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. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price 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.