Sea Limited (NYSE:SE) Shares Acquired by Trivest Advisors Ltd

Trivest Advisors Ltd boosted its holdings in shares of Sea Limited (NYSE:SE) by 1,083.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 710,000 shares of the Internet company based in Singapore’s stock after buying an additional 650,000 shares during the period. SEA comprises 3.4% of Trivest Advisors Ltd’s portfolio, making the stock its 10th largest holding. Trivest Advisors Ltd owned approximately 0.12% of SEA worth $75,331,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of SE. Harvest Fund Management Co. Ltd grew its stake in shares of SEA by 5,720.0% in the 4th quarter. Harvest Fund Management Co. Ltd now owns 7,857 shares of the Internet company based in Singapore’s stock valued at $833,000 after purchasing an additional 7,722 shares during the period. Vinva Investment Management Ltd boosted its stake in SEA by 44.7% in the 4th quarter. Vinva Investment Management Ltd now owns 99,135 shares of the Internet company based in Singapore’s stock valued at $10,655,000 after buying an additional 30,611 shares in the last quarter. OVERSEA CHINESE BANKING Corp Ltd grew its position in SEA by 5.3% in the fourth quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 1,317,939 shares of the Internet company based in Singapore’s stock valued at $139,770,000 after acquiring an additional 66,771 shares during the period. Maryland State Retirement & Pension System bought a new stake in SEA in the fourth quarter valued at $2,315,000. Finally, OPTIMAS CAPITAL Ltd acquired a new position in SEA during the fourth quarter worth $4,273,000. Institutional investors own 59.53% of the company’s stock.

SEA Trading Down 5.6 %

Shares of SE opened at $125.17 on Wednesday. The stock’s fifty day simple moving average is $124.24 and its 200-day simple moving average is $108.83. The firm has a market capitalization of $71.64 billion, a PE ratio of 834.47 and a beta of 1.61. Sea Limited has a 12-month low of $51.70 and a 12-month high of $147.73. The company has a quick ratio of 1.60, a current ratio of 1.62 and a debt-to-equity ratio of 0.36.

Wall Street Analyst Weigh In

SE has been the topic of several recent analyst reports. Barclays boosted their target price on shares of SEA from $148.00 to $182.00 and gave the company an “overweight” rating in a research note on Friday, March 7th. JPMorgan Chase & Co. upped their price objective on shares of SEA from $133.00 to $160.00 and gave the stock an “overweight” rating in a research note on Wednesday, March 5th. Jefferies Financial Group raised their price objective on shares of SEA from $131.00 to $157.00 and gave the stock a “buy” rating in a report on Tuesday, March 4th. Benchmark increased their price target on SEA from $130.00 to $150.00 and gave the stock a “buy” rating in a research report on Wednesday, March 5th. Finally, Sanford C. Bernstein set a $145.00 price target on SEA and gave the company an “outperform” rating in a report on Wednesday, March 5th. Three 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’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus 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.