Fullerton Fund Management Co Ltd. Increases Holdings in Sea Limited (NYSE:SE)

Fullerton Fund Management Co Ltd. boosted its position in Sea Limited (NYSE:SE) by 11.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 431,408 shares of the Internet company based in Singapore’s stock after buying an additional 43,158 shares during the period. SEA makes up approximately 1.6% of Fullerton Fund Management Co Ltd.’s investment portfolio, making the stock its 19th largest holding. Fullerton Fund Management Co Ltd.’s holdings in SEA were worth $45,772,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in the business. Norges Bank acquired a new position in SEA in the fourth quarter valued at approximately $1,493,682,000. WCM Investment Management LLC grew its position in 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 buying an additional 4,761,289 shares during the period. Perpetual Ltd grew its position in shares of SEA by 3,033.0% during the 4th quarter. Perpetual Ltd now owns 2,098,003 shares of the Internet company based in Singapore’s stock valued at $222,598,000 after acquiring an additional 2,031,038 shares during the period. Baillie Gifford & Co. increased its stake in shares of SEA by 3.5% in the 4th 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 in the last quarter. Finally, Capital Research Global Investors increased its stake in shares of SEA by 19.5% in the 4th 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 in the last quarter. 59.53% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts have recently weighed in on SE shares. Wedbush reaffirmed an “outperform” rating and set a $135.00 target price on shares of SEA in a research note on Tuesday, April 15th. Arete Research raised shares of SEA to a “strong-buy” rating in a research note on Sunday, March 23rd. Bank of America lowered shares of SEA from a “buy” rating to a “neutral” rating and set a $160.00 price target on the stock. in a research note on Friday. UBS Group boosted their price objective on SEA from $135.00 to $176.00 and gave the stock a “buy” rating in a research note on Friday, March 7th. Finally, Barclays increased their price objective on SEA from $148.00 to $182.00 and gave the company an “overweight” rating in a research note on Friday, March 7th. Five 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. Based on data from MarketBeat.com, SEA has an average rating of “Moderate Buy” and a consensus target price of $130.00.

SEA Trading Down 4.6 %

Shares of SE opened at $139.18 on Friday. The company has a current ratio of 1.62, a quick ratio of 1.60 and a debt-to-equity ratio of 0.36. The firm has a 50-day moving average price of $127.18 and a 200 day moving average price of $118.49. Sea Limited has a 12-month low of $55.00 and a 12-month high of $147.73. The firm has a market capitalization of $81.99 billion, a P/E ratio of 927.87 and a beta of 1.70.

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.