40,273 Shares in Sea Limited (NYSE:SE) Bought by OPTIMAS CAPITAL Ltd

OPTIMAS CAPITAL Ltd bought a new position in shares of Sea Limited (NYSE:SE) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 40,273 shares of the Internet company based in Singapore’s stock, valued at approximately $4,273,000. SEA makes up about 5.8% of OPTIMAS CAPITAL Ltd’s investment portfolio, making the stock its 5th largest holding.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Baillie Gifford & Co. lifted its position 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 during the last quarter. WCM Investment Management LLC lifted its position 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 during the last quarter. Geode Capital Management LLC lifted its position in SEA by 4.2% in 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 acquiring an additional 124,433 shares during the last quarter. William Blair Investment Management LLC lifted its position in SEA by 32.5% in 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 acquiring an additional 547,509 shares during the last quarter. Finally, Perpetual Ltd lifted its position 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 acquiring an additional 2,031,038 shares during the last quarter. Institutional investors and hedge funds own 59.53% of the company’s stock.

SEA Trading Up 3.9 %

Shares of SE opened at $132.40 on Tuesday. The company has a current ratio of 1.62, a quick ratio of 1.60 and a debt-to-equity ratio of 0.36. The firm’s 50-day moving average is $123.86 and its two-hundred day moving average is $108.50. Sea Limited has a twelve month low of $51.70 and a twelve month high of $147.73. The firm has a market capitalization of $75.78 billion, a P/E ratio of 882.69 and a beta of 1.62.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on SE shares. Phillip Securities raised shares of SEA from a “moderate sell” rating to a “hold” rating in a research report on Friday, March 7th. Sanford C. Bernstein set a $145.00 target price on shares of SEA and gave the company an “outperform” rating in a report on Wednesday, March 5th. Barclays upped their target price on shares of SEA from $148.00 to $182.00 and gave the company an “overweight” rating in a report on Friday, March 7th. UBS Group upped their target price on shares of SEA from $135.00 to $176.00 and gave the company a “buy” rating in a report on Friday, March 7th. Finally, Jefferies Financial Group upped their target price on shares of SEA from $131.00 to $157.00 and gave the company a “buy” rating in a report on Tuesday, March 4th. Three research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, SEA currently has an average rating of “Moderate Buy” and an average 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.