Smartleaf Asset Management LLC Boosts Stock Position in Sea Limited (NYSE:SE)

Smartleaf Asset Management LLC grew its stake in Sea Limited (NYSE:SE) by 193.2% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,548 shares of the Internet company based in Singapore’s stock after purchasing an additional 1,020 shares during the period. Smartleaf Asset Management LLC’s holdings in SEA were worth $166,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently added to or reduced their stakes in the business. SOA Wealth Advisors LLC. grew its position in 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 acquiring an additional 150 shares during the period. TD Private Client Wealth LLC grew its position in SEA by 33.7% in the third quarter. TD Private Client Wealth LLC now owns 603 shares of the Internet company based in Singapore’s stock worth $57,000 after acquiring an additional 152 shares during the period. Ballentine Partners LLC grew its position in SEA by 5.6% in the fourth quarter. Ballentine Partners LLC now owns 2,970 shares of the Internet company based in Singapore’s stock worth $315,000 after acquiring an additional 158 shares during the period. Integrated Wealth Concepts LLC boosted its position in shares of SEA by 2.6% during the third quarter. Integrated Wealth Concepts LLC now owns 6,357 shares of the Internet company based in Singapore’s stock worth $599,000 after buying an additional 160 shares during the period. Finally, Moseley Investment Management Inc. boosted its position in shares of SEA by 4.3% during the fourth quarter. Moseley Investment Management Inc. now owns 3,870 shares of the Internet company based in Singapore’s stock worth $411,000 after buying an additional 161 shares during the period. 59.53% of the stock is currently owned by hedge funds and other institutional investors.

SEA Stock Down 4.7 %

SEA stock opened at $139.46 on Friday. Sea Limited has a 1-year low of $51.70 and a 1-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. The stock has a market cap of $79.82 billion, a PE ratio of 929.73 and a beta of 1.55. The stock’s fifty day moving average is $120.13 and its two-hundred day moving average is $105.58.

Wall Street Analyst Weigh In

Several research firms have recently commented on SE. Benchmark raised their price target on SEA from $130.00 to $150.00 and gave the stock a “buy” rating in a research report on Wednesday. JPMorgan Chase & Co. raised their price target on SEA from $133.00 to $160.00 and gave the stock an “overweight” rating in a research report on Wednesday. Jefferies Financial Group raised their price target on SEA from $131.00 to $157.00 and gave the stock a “buy” rating in a research report on Tuesday. Barclays raised their price target on SEA from $131.00 to $148.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 26th. Finally, Phillip Securities restated 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. One analyst has rated the stock with a sell rating, two have given a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $104.64.

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.