Plato Investment Management Ltd Grows Position in Sea Limited (NYSE:SE)

Plato Investment Management Ltd raised its stake in shares of Sea Limited (NYSE:SE) by 105.9% during the fourth quarter, HoldingsChannel reports. The firm owned 7,051 shares of the Internet company based in Singapore’s stock after purchasing an additional 3,626 shares during the quarter. Plato Investment Management Ltd’s holdings in SEA were worth $751,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also made changes to their positions in SE. Private Trust Co. NA lifted 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 worth $26,000 after purchasing an additional 204 shares during the period. Kestra Investment Management LLC purchased a new position in SEA during the 4th quarter worth approximately $34,000. Truvestments Capital LLC acquired a new stake in SEA during the 3rd quarter valued at approximately $41,000. Icon Wealth Advisors LLC purchased a new stake in shares of SEA in the 3rd quarter valued at $47,000. Finally, Geneos Wealth Management Inc. boosted its holdings in shares of SEA by 4,663.6% in the 4th quarter. Geneos Wealth Management Inc. now owns 524 shares of the Internet company based in Singapore’s stock valued at $56,000 after acquiring an additional 513 shares during the last quarter. Hedge funds and other institutional investors own 59.53% of the company’s stock.

SEA Stock Performance

SE opened at $132.58 on Wednesday. The firm’s fifty day simple moving average is $119.00 and its two-hundred day simple moving average is $104.91. Sea Limited has a 52-week low of $51.70 and a 52-week high of $139.18. The company has a market cap of $75.88 billion, a price-to-earnings ratio of 883.89 and a beta of 1.55. The company has a quick ratio of 1.60, a current ratio of 1.62 and a debt-to-equity ratio of 0.36.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on SE shares. Dbs Bank upgraded shares of SEA from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, November 13th. Benchmark boosted their price objective on SEA from $94.00 to $130.00 and gave the company a “buy” rating in a report on Wednesday, November 13th. Barclays raised their target price on SEA from $131.00 to $148.00 and gave the stock an “overweight” rating in a report on Wednesday, February 26th. Phillip Securities reiterated a “reduce” rating and set a $100.00 price target (up from $80.00) on shares of SEA in a research report on Tuesday, November 19th. Finally, TD Cowen raised their price objective on shares of SEA from $69.00 to $100.00 and gave the stock a “hold” rating in a research note on Wednesday, November 13th. One research analyst has rated the stock with a sell rating, two have issued a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, SEA presently has a consensus rating of “Moderate Buy” and an average price target of $96.73.

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.