Sea Limited (NYSE:SE) Position Increased by GeoWealth Management LLC

GeoWealth Management LLC raised its stake in Sea Limited (NYSE:SE) by 1,251.4% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 3,446 shares of the Internet company based in Singapore’s stock after acquiring an additional 3,191 shares during the period. GeoWealth Management LLC’s holdings in SEA were worth $366,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. M&T Bank Corp boosted its position in shares of SEA by 2,163.9% in the 3rd quarter. M&T Bank Corp now owns 74,505 shares of the Internet company based in Singapore’s stock valued at $7,024,000 after purchasing an additional 71,214 shares during the period. SOA Wealth Advisors LLC. boosted its holdings in shares of SEA by 33.3% in the third quarter. SOA Wealth Advisors LLC. now owns 600 shares of the Internet company based in Singapore’s stock worth $57,000 after buying an additional 150 shares during the period. Sanctuary Advisors LLC increased its position in shares of SEA by 14.4% in the third quarter. Sanctuary Advisors LLC now owns 6,214 shares of the Internet company based in Singapore’s stock worth $586,000 after acquiring an additional 782 shares in the last quarter. Wilmington Savings Fund Society FSB purchased a new stake in shares of SEA in the 3rd quarter valued at approximately $290,000. Finally, Tidal Investments LLC boosted its stake in SEA by 1,270.6% in the 3rd quarter. Tidal Investments LLC now owns 109,034 shares of the Internet company based in Singapore’s stock worth $10,280,000 after purchasing an additional 101,079 shares during the period. Institutional investors and hedge funds own 59.53% of the company’s stock.

SEA Price Performance

Shares of SEA stock opened at $116.43 on Tuesday. Sea Limited has a 1-year low of $55.00 and a 1-year high of $147.73. The firm has a fifty day simple moving average of $126.12 and a 200-day simple moving average of $115.21. The company has a current ratio of 1.62, a quick ratio of 1.60 and a debt-to-equity ratio of 0.36. The stock has a market capitalization of $66.64 billion, a price-to-earnings ratio of 776.20 and a beta of 1.73.

Analyst Ratings Changes

Several analysts have issued reports on the stock. Jefferies Financial Group boosted their target price 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. Barclays increased their price objective on SEA from $148.00 to $182.00 and gave the stock an “overweight” rating in a research note on Friday, March 7th. Loop Capital upped their target price on SEA from $135.00 to $165.00 and gave the company a “buy” rating in a report on Monday, March 31st. Benchmark raised their price target on shares of SEA from $130.00 to $150.00 and gave the stock a “buy” rating in a report on Wednesday, March 5th. Finally, Wedbush reiterated an “outperform” rating and issued a $135.00 price objective on shares of SEA in a research note on Tuesday, April 15th. Four investment analysts have rated the stock with a hold rating, ten have assigned a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $121.73.

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.