Sea Limited (NYSE:SE) Holdings Lifted by Skandinaviska Enskilda Banken AB publ

Skandinaviska Enskilda Banken AB publ increased its position in shares of Sea Limited (NYSE:SE) by 20.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 60,821 shares of the Internet company based in Singapore’s stock after acquiring an additional 10,500 shares during the period. Skandinaviska Enskilda Banken AB publ’s holdings in SEA were worth $6,537,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Private Trust Co. NA grew its stake in shares of SEA by 474.4% in the 4th quarter. Private Trust Co. NA now owns 247 shares of the Internet company based in Singapore’s stock worth $26,000 after purchasing an additional 204 shares during the last quarter. Kestra Investment Management LLC bought a new stake in SEA during the fourth quarter worth approximately $34,000. Farther Finance Advisors LLC grew its position in SEA by 43.8% in the fourth quarter. Farther Finance Advisors LLC now owns 368 shares of the Internet company based in Singapore’s stock worth $39,000 after buying an additional 112 shares during the last quarter. Truvestments Capital LLC bought a new position in shares of SEA in the third quarter valued at $41,000. Finally, Icon Wealth Advisors LLC acquired a new stake in shares of SEA during the 3rd quarter valued at $47,000. 59.53% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the company. JPMorgan Chase & Co. lifted their target price on SEA from $133.00 to $160.00 and gave the stock an “overweight” rating in a report on Wednesday, March 5th. Benchmark boosted their price objective on SEA from $130.00 to $150.00 and gave the stock a “buy” rating in a report on Wednesday, March 5th. Sanford C. Bernstein set a $145.00 target price on shares of SEA and gave the stock an “outperform” rating in a report on Wednesday, March 5th. Phillip Securities upgraded shares of SEA from a “moderate sell” rating to a “hold” rating in a report on Friday, March 7th. Finally, UBS Group upped their price target on shares of SEA from $135.00 to $176.00 and gave the company a “buy” rating in a research report on Friday, March 7th. Three investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $116.67.

SEA Stock Performance

Shares of SE stock opened at $127.24 on Friday. The firm has a market cap of $72.83 billion, a P/E ratio of 848.29 and a beta of 1.62. 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 fifty-two week low of $51.70 and a fifty-two week high of $147.73. The stock’s 50-day moving average is $123.38 and its two-hundred day moving average is $107.92.

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.