Rep. Robert Bresnahan, Jr. Buys Sea Limited (NYSE:SE) Stock

Representative Robert Bresnahan, Jr. (R-Pennsylvania) recently bought shares of Sea Limited (NYSE:SE). In a filing disclosed on April 09th, the Representative disclosed that they had bought between $1,001 and $15,000 in SEA stock on March 11th. The trade occurred in the Representative’s “JP MORGAN BROKERAGE ACCOUNT #2” account.

Representative Robert Bresnahan, Jr. also recently made the following trade(s):

• Purchased $1,001 – $15,000 in shares of Cadence Design Systems (NASDAQ:CDNS) on 3/17/2025.
• Purchased $1,001 – $15,000 in shares of ServiceNow (NYSE:NOW) on 3/13/2025.
• Purchased $1,001 – $15,000 in shares of Intel (NASDAQ:INTC) on 3/13/2025.
• Sold $1,001 – $15,000 in shares of Reddit (NYSE:RDDT) on 3/11/2025.
• Sold $1,001 – $15,000 in shares of Robinhood Markets (NASDAQ:HOOD) on 3/11/2025.
• Sold $1,001 – $15,000 in shares of Oracle (NYSE:ORCL) on 3/11/2025.
• Purchased $1,001 – $15,000 in shares of International Business Machines (NYSE:IBM) on 3/11/2025.
• Sold $1,001 – $15,000 in shares of Tesla (NASDAQ:TSLA) on 3/11/2025.
• Sold $1,001 – $15,000 in shares of Broadcom (NASDAQ:AVGO) on 3/11/2025.
• Sold $1,001 – $15,000 in shares of NVIDIA (NASDAQ:NVDA) on 3/11/2025.

SEA Stock Up 2.2 %

NYSE:SE opened at $117.86 on Friday. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.62 and a quick ratio of 1.60. The firm’s 50-day moving average price is $126.87 and its 200-day moving average price is $114.07. The company has a market capitalization of $67.46 billion, a PE ratio of 785.73 and a beta of 1.73. Sea Limited has a 1-year low of $51.70 and a 1-year high of $147.73.

Institutional Trading of SEA

Several hedge funds have recently bought and sold shares of the stock. Baillie Gifford & Co. lifted its position in shares of SEA by 3.5% in the fourth quarter. Baillie Gifford & Co. now owns 40,954,549 shares of the Internet company based in Singapore’s stock worth $4,345,278,000 after buying an additional 1,390,531 shares in the last quarter. WCM Investment Management LLC increased its stake in SEA by 22.8% in the 4th quarter. WCM Investment Management LLC now owns 25,663,667 shares of the Internet company based in Singapore’s stock worth $2,758,331,000 after acquiring an additional 4,761,289 shares during the last quarter. Norges Bank purchased a new stake in shares of SEA during the 4th quarter worth approximately $1,493,682,000. Capital Research Global Investors boosted its position in shares of SEA by 19.5% during 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 acquiring an additional 1,325,183 shares during the last quarter. Finally, Geode Capital Management LLC grew its holdings in shares of SEA by 4.6% in the fourth quarter. Geode Capital Management LLC now owns 3,201,601 shares of the Internet company based in Singapore’s stock valued at $335,084,000 after purchasing an additional 142,080 shares in the last quarter. Hedge funds and other institutional investors own 59.53% of the company’s stock.

Wall Street Analysts Forecast Growth

SE has been the topic of a number of recent research 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. UBS Group upped their price target on SEA from $135.00 to $176.00 and gave the stock a “buy” rating in a research note on Friday, March 7th. Jefferies Financial Group lifted their price objective on SEA from $131.00 to $157.00 and gave the company a “buy” rating in a research note on Tuesday, March 4th. Benchmark increased 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, Loop Capital upped their price target on shares of SEA from $135.00 to $165.00 and gave the stock a “buy” rating in a research note on Monday, March 31st. Three equities research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $121.40.

About Representative Bresnahan

Rob Bresnahan Jr. (Republican Party) is a member of the U.S. House, representing Pennsylvania’s 8th Congressional District. He assumed office on January 3, 2025. His current term ends on January 3, 2027.

Bresnahan (Republican Party) is running for re-election to the U.S. House to represent Pennsylvania’s 8th Congressional District. He declared candidacy for the 2026 election.

Rob Bresnahan Jr. was born in Kingston, Pennsylvania. He earned a B.S. in business administration, management and operations from the University of Scranton in 2012. His career experience includes working as the chief financial officer and CEO of a family business, an electrical contracting company.

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.