GQG Partners LLC Buys Shares of 269,444 Sea Limited (NYSE:SE)

GQG Partners LLC purchased a new stake in Sea Limited (NYSE:SE) during the fourth quarter, according to its most recent filing with the SEC. The firm purchased 269,444 shares of the Internet company based in Singapore’s stock, valued at approximately $28,588,000.

Several other large investors have also recently made changes to their positions in SE. Private Trust Co. NA grew its stake in SEA by 474.4% in the fourth quarter. Private Trust Co. NA now owns 247 shares of the Internet company based in Singapore’s stock valued at $26,000 after purchasing an additional 204 shares during the last quarter. Kestra Investment Management LLC bought a new stake in shares of SEA in the 4th quarter valued at about $34,000. Farther Finance Advisors LLC boosted its holdings in shares of SEA by 43.8% in the 4th quarter. Farther Finance Advisors LLC now owns 368 shares of the Internet company based in Singapore’s stock valued at $39,000 after buying an additional 112 shares in the last quarter. Truvestments Capital LLC purchased a new position in shares of SEA in the 3rd quarter worth approximately $41,000. Finally, Icon Wealth Advisors LLC bought a new position in shares of SEA during the 3rd quarter worth approximately $47,000. 59.53% of the stock is owned by institutional investors.

Analyst Ratings Changes

SE has been the subject of several recent analyst reports. JPMorgan Chase & Co. raised their target price on shares of SEA from $133.00 to $160.00 and gave the company an “overweight” rating in a research note on Wednesday, March 5th. Phillip Securities raised SEA from a “moderate sell” rating to a “hold” rating in a research report on Friday, March 7th. Benchmark upped their target price on SEA from $130.00 to $150.00 and gave the company a “buy” rating in a research report on Wednesday, March 5th. Barclays increased their price target on SEA from $148.00 to $182.00 and gave the company an “overweight” rating in a research note on Friday, March 7th. Finally, Jefferies Financial Group boosted their price target on SEA from $131.00 to $157.00 and gave the stock a “buy” rating in a research note on Tuesday, March 4th. Three research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, SEA has a consensus rating of “Moderate Buy” and an average target price of $116.67.

SEA Price Performance

NYSE:SE opened at $129.69 on Tuesday. The firm’s fifty day moving average is $125.76 and its two-hundred day moving average is $110.21. The firm has a market cap of $74.23 billion, a price-to-earnings ratio of 864.63 and a beta of 1.62. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.60 and a current ratio of 1.62. Sea Limited has a one year low of $51.70 and a one year high of $147.73.

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.