Kensico Capital Management Corp Has $131.94 Million Position in Sea Limited (NYSE:SE)

Kensico Capital Management Corp lifted its stake in shares of Sea Limited (NYSE:SE) by 37.4% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,243,500 shares of the Internet company based in Singapore’s stock after purchasing an additional 338,500 shares during the quarter. SEA accounts for about 3.0% of Kensico Capital Management Corp’s portfolio, making the stock its 13th largest position. Kensico Capital Management Corp’s holdings in SEA were worth $131,935,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Private Trust Co. NA boosted its stake in shares of 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 valued at $26,000 after purchasing an additional 204 shares in the last quarter. Kestra Investment Management LLC bought a new position in SEA in the 4th quarter valued at approximately $34,000. Farther Finance Advisors LLC boosted its position in 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 buying an additional 112 shares during the period. Banque Transatlantique SA bought a new stake in SEA during the 4th quarter worth approximately $39,000. Finally, Huntington National Bank grew its holdings in SEA by 783.6% during the 4th quarter. Huntington National Bank now owns 486 shares of the Internet company based in Singapore’s stock worth $52,000 after acquiring an additional 431 shares during 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 brokerages have recently commented on SE. JPMorgan Chase & Co. lowered shares of SEA from an “overweight” rating to a “neutral” rating and cut their price target for the stock from $160.00 to $135.00 in a report on Wednesday, April 16th. Barclays lifted their target price on SEA from $148.00 to $182.00 and gave the stock an “overweight” rating in a report on Friday, March 7th. Phillip Securities raised SEA from a “moderate sell” rating to a “hold” rating in a research note on Friday, March 7th. Sanford C. Bernstein set a $145.00 price objective on SEA and gave the stock an “outperform” rating in a research note on Wednesday, March 5th. Finally, Benchmark increased their target price on shares of SEA from $130.00 to $150.00 and gave the company a “buy” rating in a research report on Wednesday, March 5th. Five equities research analysts have rated the stock with a hold rating, eight have given a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $130.00.

SEA Stock Down 4.6 %

SEA stock opened at $139.18 on Friday. The company has a quick ratio of 1.60, a current ratio of 1.62 and a debt-to-equity ratio of 0.36. The company has a market capitalization of $81.99 billion, a PE ratio of 927.87 and a beta of 1.70. The firm’s fifty day moving average is $127.18 and its 200 day moving average is $118.62. Sea Limited has a 12-month low of $55.00 and a 12-month 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.