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

Vinva Investment Management Ltd raised its holdings in Sea Limited (NYSE:SE) by 44.7% during the 4th quarter, Holdings Channel reports. The institutional investor owned 99,135 shares of the Internet company based in Singapore’s stock after acquiring an additional 30,611 shares during the quarter. Vinva Investment Management Ltd’s holdings in SEA were worth $10,655,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the company. OVERSEA CHINESE BANKING Corp Ltd increased its stake in shares of SEA by 5.3% during the 4th quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 1,317,939 shares of the Internet company based in Singapore’s stock worth $139,770,000 after purchasing an additional 66,771 shares during the last quarter. Maryland State Retirement & Pension System bought a new stake in shares of SEA during the 4th quarter worth about $2,315,000. OPTIMAS CAPITAL Ltd bought a new stake in shares of SEA during the 4th quarter worth about $4,273,000. Generali Asset Management SPA SGR bought a new stake in shares of SEA during the 4th quarter worth about $94,000. Finally, Thrivent Financial for Lutherans boosted its holdings in shares of SEA by 114.5% during the 4th quarter. Thrivent Financial for Lutherans now owns 18,682 shares of the Internet company based in Singapore’s stock worth $1,838,000 after buying an additional 9,973 shares during the period. 59.53% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts recently commented on SE shares. Barclays lifted their target price on shares of SEA from $148.00 to $182.00 and gave the stock an “overweight” rating in a report on Friday, March 7th. Jefferies Financial Group lifted their target price on shares of SEA from $131.00 to $157.00 and gave the stock a “buy” rating in a report on Tuesday, March 4th. Phillip Securities raised shares of SEA from a “moderate sell” rating to a “hold” rating in a report on Friday, March 7th. Sanford C. Bernstein set a $145.00 target price on shares of SEA and gave the stock an “outperform” rating in a report on Wednesday, March 5th. Finally, Benchmark boosted 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 issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $116.67.

SEA Price Performance

Shares of NYSE:SE opened at $125.17 on Wednesday. The firm has a 50 day moving average of $124.24 and a 200-day moving average of $108.83. The stock has a market capitalization of $71.64 billion, a PE ratio of 834.47 and a beta of 1.61. Sea Limited has a 12 month low of $51.70 and a 12 month high of $147.73. The company has a current ratio of 1.62, a quick ratio of 1.60 and a debt-to-equity ratio of 0.36.

About SEA

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.