Chiron Investment Management LLC Buys New Holdings in Sea Limited (NYSE:SE)

Chiron Investment Management LLC purchased a new position in Sea Limited (NYSE:SE) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 1,727 shares of the Internet company based in Singapore’s stock, valued at approximately $183,000.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in SE. Private Trust Co. NA boosted its position 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 worth $26,000 after acquiring an additional 204 shares during the last quarter. Kestra Investment Management LLC bought a new position in shares of SEA during the 4th quarter valued at about $34,000. Farther Finance Advisors LLC grew its position in shares of SEA by 43.8% during 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 purchasing an additional 112 shares in the last quarter. Huntington National Bank increased its holdings in shares of SEA by 783.6% in the fourth quarter. Huntington National Bank now owns 486 shares of the Internet company based in Singapore’s stock worth $52,000 after purchasing an additional 431 shares during the last quarter. Finally, Geneos Wealth Management Inc. lifted its position in shares of SEA by 4,663.6% in the fourth quarter. Geneos Wealth Management Inc. now owns 524 shares of the Internet company based in Singapore’s stock worth $56,000 after buying an additional 513 shares in the last quarter. 59.53% of the stock is currently owned by institutional investors.

SEA Price Performance

Shares of SE stock opened at $117.86 on Monday. The company has a market capitalization of $67.46 billion, a P/E ratio of 785.73 and a beta of 1.73. The company’s 50-day simple moving average is $126.87 and its two-hundred day simple moving average is $114.20. Sea Limited has a one year low of $51.70 and a one year high of $147.73. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.62 and a quick ratio of 1.60.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the stock. Arete Research raised shares of SEA to a “strong-buy” rating in a research note on Sunday, March 23rd. Barclays upped their target price 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. Jefferies Financial Group lifted their price target on SEA from $131.00 to $157.00 and gave the stock a “buy” rating in a research report on Tuesday, March 4th. Phillip Securities upgraded SEA from a “moderate sell” rating to a “hold” rating in a research report on Friday, March 7th. Finally, UBS Group lifted their target price on SEA from $135.00 to $176.00 and gave the stock a “buy” rating in a report on Friday, March 7th. Three equities research analysts have rated the stock with a hold rating, eleven have issued a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $121.40.

SEA 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.