Metis Global Partners LLC Increases Position in Sea Limited (NYSE:SE)

Metis Global Partners LLC grew its position in shares of Sea Limited (NYSE:SE) by 77.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 4,778 shares of the Internet company based in Singapore’s stock after buying an additional 2,082 shares during the quarter. Metis Global Partners LLC’s holdings in SEA were worth $507,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently made changes to their positions in SE. Private Trust Co. NA grew its holdings 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 buying an additional 204 shares during the last quarter. Kestra Investment Management LLC purchased a new stake in shares of SEA during the fourth quarter valued at approximately $34,000. Truvestments Capital LLC purchased a new stake in shares of SEA during the third quarter valued at approximately $41,000. Icon Wealth Advisors LLC bought a new position in SEA during the third quarter valued at approximately $47,000. Finally, Geneos Wealth Management Inc. lifted its position in SEA by 4,663.6% during the fourth quarter. Geneos Wealth Management Inc. now owns 524 shares of the Internet company based in Singapore’s stock valued at $56,000 after purchasing an additional 513 shares during the period. Hedge funds and other institutional investors own 59.53% of the company’s stock.

SEA Stock Performance

Shares of NYSE SE opened at $146.56 on Thursday. The firm has a fifty day moving average price of $119.42 and a 200-day moving average price of $105.29. 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 stock has a market cap of $83.88 billion, a PE ratio of 977.07 and a beta of 1.55. Sea Limited has a 1 year low of $51.70 and a 1 year high of $147.73.

Wall Street Analysts Forecast Growth

SE has been the topic of a number of research analyst reports. Dbs Bank upgraded shares of SEA from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, November 13th. Barclays increased their price objective on shares of SEA from $131.00 to $148.00 and gave the company an “overweight” rating in a research report on Wednesday, February 26th. Phillip Securities restated a “reduce” rating and set a $100.00 price objective (up previously from $80.00) on shares of SEA in a research report on Tuesday, November 19th. TD Cowen increased their price objective on shares of SEA from $69.00 to $100.00 and gave the company a “hold” rating in a research report on Wednesday, November 13th. Finally, Benchmark increased their price objective on shares of SEA from $130.00 to $150.00 and gave the company a “buy” rating in a research report on Wednesday. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $104.64.

SEA Company 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.