William Blair Investment Management LLC Has $236.93 Million Stock Position in Sea Limited (NYSE:SE)

William Blair Investment Management LLC boosted its holdings in shares of Sea Limited (NYSE:SE) by 32.5% in the fourth quarter, HoldingsChannel reports. The fund owned 2,233,158 shares of the Internet company based in Singapore’s stock after buying an additional 547,509 shares during the quarter. William Blair Investment Management LLC’s holdings in SEA were worth $236,928,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Assetmark Inc. grew its position in SEA by 24.7% during the third quarter. Assetmark Inc. now owns 1,427 shares of the Internet company based in Singapore’s stock valued at $135,000 after purchasing an additional 283 shares in the last quarter. Atria Investments Inc boosted its stake in shares of SEA by 262.5% during the 3rd quarter. Atria Investments Inc now owns 14,621 shares of the Internet company based in Singapore’s stock valued at $1,378,000 after buying an additional 10,588 shares during the period. Metis Global Partners LLC purchased a new position in shares of SEA during the 3rd quarter valued at $254,000. OneDigital Investment Advisors LLC increased its stake in shares of SEA by 45.7% in the third quarter. OneDigital Investment Advisors LLC now owns 6,190 shares of the Internet company based in Singapore’s stock worth $584,000 after acquiring an additional 1,942 shares during the last quarter. Finally, CIBC Asset Management Inc raised its holdings in shares of SEA by 6.6% during the third quarter. CIBC Asset Management Inc now owns 35,699 shares of the Internet company based in Singapore’s stock worth $3,366,000 after acquiring an additional 2,206 shares in the last quarter. Hedge funds and other institutional investors own 59.53% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the company. JPMorgan Chase & Co. boosted their target price on SEA from $133.00 to $160.00 and gave the company an “overweight” rating in a research note on Wednesday, March 5th. Benchmark boosted their price target on SEA from $130.00 to $150.00 and gave the company a “buy” rating in a research note on Wednesday, March 5th. Phillip Securities raised shares of SEA from a “moderate sell” rating to a “hold” rating in a research report on Friday, March 7th. Barclays boosted their target price on shares of SEA from $148.00 to $182.00 and gave the stock an “overweight” rating in a research report on Friday, March 7th. Finally, UBS Group lifted their price objective on shares of SEA from $135.00 to $176.00 and gave the company a “buy” rating in a research note on Friday, March 7th. Three equities research 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 stock. According to MarketBeat.com, SEA currently has an average rating of “Moderate Buy” and a consensus target price of $116.67.

SEA Price Performance

Shares of NYSE:SE opened at $127.24 on Monday. The business has a 50 day moving average price of $123.38 and a 200 day moving average price of $108.11. Sea Limited has a twelve month low of $51.70 and a twelve 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 company has a quick ratio of 1.60, a current ratio of 1.62 and a debt-to-equity ratio of 0.36.

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.