Arete Research upgrades SEA to "strong-buy" as major investors increase holdings in the tech company.

Arete Research upgraded SEA to a "strong-buy," while it has a consensus "Moderate Buy" rating and a target price of $116.67. SEA, an internet and mobile platform company with segments in Digital Entertainment, E-Commerce, and Digital Financial Services, saw Keystone Investors PTE Ltd increase their holdings by 11.0%, now owning 6.9% of its portfolio. GQG Partners LLC also bought shares, valued at $28.59 million. SEA has a market cap of $74.23 billion and operates with a debt-to-equity ratio of 0.36.