Avantax Advisory Services Inc. Grows Stock Holdings in Sea Limited (NYSE:SE)

Avantax Advisory Services Inc. lifted its position in shares of Sea Limited (NYSE:SE) by 12.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 20,279 shares of the Internet company based in Singapore’s stock after purchasing an additional 2,166 shares during the period. Avantax Advisory Services Inc.’s holdings in SEA were worth $2,152,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Private Trust Co. NA lifted its position in SEA by 474.4% in 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 acquiring an additional 204 shares during the last quarter. Kestra Investment Management LLC purchased a new stake in SEA in the fourth quarter valued at $34,000. Farther Finance Advisors LLC lifted 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 valued at $39,000 after acquiring an additional 112 shares during the last quarter. Truvestments Capital LLC purchased a new stake in SEA in the third quarter valued at $41,000. Finally, Icon Wealth Advisors LLC purchased a new stake in SEA in the third quarter valued at $47,000. 59.53% of the stock is owned by hedge funds and other institutional investors.

SEA Trading Up 1.9 %

Shares of SEA stock opened at $127.24 on Monday. Sea Limited has a 52-week low of $51.70 and a 52-week high of $147.73. The company has a quick ratio of 1.60, a current ratio of 1.62 and a debt-to-equity ratio of 0.36. The company’s 50-day simple moving average is $123.38 and its 200-day simple moving average is $108.11. The firm has a market cap of $72.83 billion, a price-to-earnings ratio of 848.29 and a beta of 1.62.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on SE. Phillip Securities raised shares of SEA from a “moderate sell” rating to a “hold” rating in a research report on Friday, March 7th. Barclays boosted their price target on shares of SEA from $148.00 to $182.00 and gave the company an “overweight” rating in a research report on Friday, March 7th. Sanford C. Bernstein set a $145.00 price target on shares of SEA and gave the company an “outperform” rating in a research report on Wednesday, March 5th. UBS Group lifted their price objective on shares of SEA from $135.00 to $176.00 and gave the company a “buy” rating in a research note on Friday, March 7th. Finally, Jefferies Financial Group lifted their price objective on shares of SEA from $131.00 to $157.00 and gave the company a “buy” rating in a research note on Tuesday, March 4th. Three investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, SEA presently has an average rating of “Moderate Buy” and a consensus price target of $116.67.

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.