AQR Capital Management LLC Has $24.49 Million Stake in Sea Limited (NYSE:SE)

AQR Capital Management LLC lowered its holdings in Sea Limited (NYSE:SE) by 51.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 230,780 shares of the Internet company based in Singapore’s stock after selling 248,562 shares during the period. AQR Capital Management LLC’s holdings in SEA were worth $24,486,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in SE. Private Trust Co. NA raised its holdings in SEA by 474.4% during the fourth quarter. Private Trust Co. NA now owns 247 shares of the Internet company based in Singapore’s stock worth $26,000 after acquiring an additional 204 shares in the last quarter. Kestra Investment Management LLC acquired a new position in shares of SEA during the 4th quarter worth approximately $34,000. Farther Finance Advisors LLC raised its stake in shares of SEA by 43.8% during the 4th quarter. Farther Finance Advisors LLC now owns 368 shares of the Internet company based in Singapore’s stock worth $39,000 after purchasing an additional 112 shares in the last quarter. Huntington National Bank boosted its holdings in shares of SEA by 783.6% in the 4th quarter. Huntington National Bank now owns 486 shares of the Internet company based in Singapore’s stock valued at $52,000 after buying an additional 431 shares during the last quarter. Finally, Geneos Wealth Management Inc. grew its stake in shares of SEA by 4,663.6% in the fourth quarter. Geneos Wealth Management Inc. now owns 524 shares of the Internet company based in Singapore’s stock valued at $56,000 after buying an additional 513 shares in the last quarter. 59.53% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the stock. Wedbush reiterated an “outperform” rating and issued a $135.00 price target on shares of SEA in a research note on Tuesday, April 15th. Phillip Securities upgraded shares of SEA from a “moderate sell” rating to a “hold” rating in a research note on Friday, March 7th. Barclays boosted their price target on SEA from $148.00 to $182.00 and gave the stock an “overweight” rating in a research report on Friday, March 7th. Benchmark lifted their target price on SEA from $130.00 to $150.00 and gave the stock a “buy” rating in a research note on Wednesday, March 5th. Finally, Jefferies Financial Group increased their price objective on shares of SEA from $131.00 to $157.00 and gave the company a “buy” rating in a research report on Tuesday, March 4th. Four research analysts have rated the stock with a hold rating, nine have assigned a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, SEA currently has a consensus rating of “Moderate Buy” and an average target price of $125.43.

SEA Stock Up 3.2 %

Shares of NYSE SE opened at $141.77 on Friday. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.60 and a current ratio of 1.62. The stock has a market capitalization of $83.52 billion, a P/E ratio of 945.13 and a beta of 1.70. The stock’s fifty day moving average is $125.69 and its 200 day moving average is $117.12. Sea Limited has a 52 week low of $55.00 and a 52 week high of $147.73.

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.