Ethic Inc. Acquires New Position in Sea Limited (NYSE:SE)

Ethic Inc. acquired a new stake in Sea Limited (NYSE:SE) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 2,728 shares of the Internet company based in Singapore’s stock, valued at approximately $289,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of SE. Norges Bank bought a new position in shares of SEA during the fourth quarter valued at approximately $1,493,682,000. WCM Investment Management LLC grew its holdings in shares of SEA by 22.8% during 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 purchasing an additional 4,761,289 shares during the last quarter. Perpetual Ltd grew its holdings in shares of SEA by 3,033.0% during 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 purchasing an additional 2,031,038 shares during the last quarter. Baillie Gifford & Co. grew its holdings in shares of SEA by 3.5% during 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 purchasing an additional 1,390,531 shares during the last quarter. Finally, Capital Research Global Investors grew its holdings in shares of SEA by 19.5% during the fourth quarter. Capital Research Global Investors now owns 8,126,064 shares of the Internet company based in Singapore’s stock valued at $862,175,000 after purchasing an additional 1,325,183 shares during the last quarter. 59.53% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts have recently commented on the company. Jefferies Financial Group upped their target price on SEA from $131.00 to $157.00 and gave the company a “buy” rating in a report on Tuesday, March 4th. Loop Capital boosted their price objective on SEA from $135.00 to $165.00 and gave the stock a “buy” rating in a research report on Monday, March 31st. Barclays boosted their price objective on SEA from $182.00 to $200.00 and gave the stock an “overweight” rating in a research report on Thursday. Sanford C. Bernstein reiterated an “outperform” rating and set a $170.00 price objective on shares of SEA in a research report on Wednesday. Finally, Phillip Securities upgraded SEA from a “moderate sell” rating to a “hold” rating in a research report on Friday, March 7th. Three equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $145.23.

SEA Stock Performance

SE opened at $161.39 on Friday. The company has a market capitalization of $95.08 billion, a price-to-earnings ratio of 1,075.95 and a beta of 1.70. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.62 and a quick ratio of 1.60. Sea Limited has a 1-year low of $55.00 and a 1-year high of $165.31. The business has a 50 day moving average price of $129.33 and a two-hundred day moving average price of $120.66.

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.