Wealthfront Advisers LLC Makes New Investment in Sea Limited (NYSE:SE)

Wealthfront Advisers LLC acquired a new stake in shares of Sea Limited (NYSE:SE) in the 4th quarter, HoldingsChannel reports. The fund acquired 244,880 shares of the Internet company based in Singapore’s stock, valued at approximately $24,361,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of SE. Assetmark Inc. grew its holdings in SEA by 24.7% in the third quarter. Assetmark Inc. now owns 1,427 shares of the Internet company based in Singapore’s stock worth $135,000 after purchasing an additional 283 shares during the period. Atria Investments Inc grew its holdings in SEA by 262.5% in the third quarter. Atria Investments Inc now owns 14,621 shares of the Internet company based in Singapore’s stock worth $1,378,000 after purchasing an additional 10,588 shares during the period. Mesirow Financial Investment Management Inc. purchased a new stake in SEA in the third quarter worth about $438,000. Crossmark Global Holdings Inc. purchased a new stake in SEA in the third quarter worth about $1,488,000. Finally, Venturi Wealth Management LLC grew its holdings in shares of SEA by 7,589.7% during the third quarter. Venturi Wealth Management LLC now owns 5,229 shares of the Internet company based in Singapore’s stock valued at $493,000 after buying an additional 5,161 shares during the last quarter. 59.53% of the stock is owned by institutional investors.

SEA Stock Up 0.2 %

NYSE:SE opened at $127.62 on Wednesday. The company has a market cap of $73.04 billion, a PE ratio of 850.83 and a beta of 1.62. Sea Limited has a twelve month low of $51.70 and a twelve month high of $147.73. 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 company’s 50 day moving average is $121.66 and its two-hundred day moving average is $106.85.

Analysts Set New Price Targets

Several research analysts have weighed in on the stock. JPMorgan Chase & Co. increased their price target on shares of SEA from $133.00 to $160.00 and gave the stock an “overweight” rating in a research report on Wednesday, March 5th. Dbs Bank raised shares of SEA from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, November 13th. UBS Group raised their target price on shares of SEA from $135.00 to $176.00 and gave the stock a “buy” rating in a report on Friday, March 7th. Benchmark lifted their price objective on shares of SEA from $130.00 to $150.00 and gave the company a “buy” rating in a report on Wednesday, March 5th. Finally, Jefferies Financial Group boosted their price target on shares of SEA from $131.00 to $157.00 and gave the company a “buy” rating in a report on Tuesday, March 4th. Three research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average 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.