Sea Limited (NYSE:SE) Shares Acquired by Harvest Fund Management Co. Ltd

Harvest Fund Management Co. Ltd lifted its stake in shares of Sea Limited (NYSE:SE) by 5,720.0% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 7,857 shares of the Internet company based in Singapore’s stock after buying an additional 7,722 shares during the quarter. Harvest Fund Management Co. Ltd’s holdings in SEA were worth $833,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Vinva Investment Management Ltd grew its position in shares of SEA by 44.7% during the fourth quarter. Vinva Investment Management Ltd now owns 99,135 shares of the Internet company based in Singapore’s stock worth $10,655,000 after buying an additional 30,611 shares in the last quarter. OVERSEA CHINESE BANKING Corp Ltd grew its position in shares of SEA by 5.3% during the fourth 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 buying an additional 66,771 shares in the last quarter. Maryland State Retirement & Pension System acquired a new position in shares of SEA during the fourth quarter worth about $2,315,000. OPTIMAS CAPITAL Ltd acquired a new position in shares of SEA during the fourth quarter worth about $4,273,000. Finally, Generali Asset Management SPA SGR acquired a new position in shares of SEA during the fourth quarter worth about $94,000. 59.53% of the stock is owned by institutional investors and hedge funds.

SEA Price Performance

SEA stock opened at $127.07 on Friday. Sea Limited has a 12 month low of $51.70 and a 12 month high of $147.73. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.62 and a quick ratio of 1.60. The business has a 50 day simple moving average of $124.94 and a 200-day simple moving average of $109.07. The stock has a market capitalization of $72.73 billion, a PE ratio of 847.15 and a beta of 1.61.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the company. Phillip Securities raised SEA from a “moderate sell” rating to a “hold” rating in a report on Friday, March 7th. Sanford C. Bernstein set a $145.00 price target on SEA and gave the company an “outperform” rating in a report on Wednesday, March 5th. Barclays upped their price target on SEA from $148.00 to $182.00 and gave the company an “overweight” rating in a report on Friday, March 7th. Jefferies Financial Group upped 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. Finally, UBS Group upped 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. Three investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus 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.