GC Wealth Management RIA LLC Buys New Stake in Sea Limited (NYSE:SE)

GC Wealth Management RIA LLC purchased a new position in Sea Limited (NYSE:SE) in the 4th quarter, HoldingsChannel.com reports. The fund purchased 3,215 shares of the Internet company based in Singapore’s stock, valued at approximately $341,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Perpetual Ltd increased its holdings in SEA by 3,033.0% in the 4th quarter. Perpetual Ltd now owns 2,098,003 shares of the Internet company based in Singapore’s stock worth $222,598,000 after acquiring an additional 2,031,038 shares in the last quarter. Ninety One UK Ltd grew its holdings in shares of SEA by 1,673.2% in the fourth quarter. Ninety One UK Ltd now owns 1,243,888 shares of the Internet company based in Singapore’s stock valued at $131,977,000 after purchasing an additional 1,173,738 shares during the period. M&T Bank Corp grew its holdings in shares of SEA by 2,163.9% in the third 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. Atria Investments Inc grew its holdings in shares of 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 valued at $1,378,000 after purchasing an additional 10,588 shares during the period. Finally, PNC Financial Services Group Inc. lifted its position in SEA by 322.8% in the third quarter. PNC Financial Services Group Inc. now owns 37,327 shares of the Internet company based in Singapore’s stock valued at $3,519,000 after buying an additional 28,499 shares during the last quarter. Hedge funds and other institutional investors own 59.53% of the company’s stock.

SEA Price Performance

SEA stock opened at $127.62 on Wednesday. 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 quick ratio of 1.60 and a current ratio of 1.62. The business has a fifty day moving average of $121.66 and a two-hundred day moving average of $106.85. The company has a market cap of $73.04 billion, a P/E ratio of 850.83 and a beta of 1.62.

Analyst Ratings Changes

A number of research analysts have commented on the stock. JPMorgan Chase & Co. upped their target price on shares of SEA from $133.00 to $160.00 and gave the company an “overweight” rating in a research report on Wednesday, March 5th. Benchmark raised their target price on shares of SEA from $130.00 to $150.00 and gave the company a “buy” rating in a report on Wednesday, March 5th. Barclays raised their target price on shares of SEA from $148.00 to $182.00 and gave the company an “overweight” rating in a report on Friday, March 7th. UBS Group increased their price target on shares of SEA from $135.00 to $176.00 and gave the company a “buy” rating in a research note on Friday, March 7th. Finally, Jefferies Financial Group raised their target price on shares of SEA from $131.00 to $157.00 and gave the stock a “buy” rating in a research report on Tuesday, March 4th. Three equities research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $116.67.

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.