5,811 Shares in Sea Limited (NYSE:SE) Purchased by Sig Brokerage LP

Sig Brokerage LP purchased a new position in shares of Sea Limited (NYSE:SE) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 5,811 shares of the Internet company based in Singapore’s stock, valued at approximately $617,000.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Claro Advisors LLC bought a new stake in SEA during the 4th quarter valued at $264,000. Assenagon Asset Management S.A. bought a new position in SEA in the 4th quarter worth about $463,000. Park Avenue Securities LLC lifted its holdings in shares of SEA by 168.0% in the fourth quarter. Park Avenue Securities LLC now owns 20,153 shares of the Internet company based in Singapore’s stock worth $2,138,000 after buying an additional 12,634 shares in the last quarter. Ritholtz Wealth Management boosted its position in shares of SEA by 2.7% in the fourth quarter. Ritholtz Wealth Management now owns 6,458 shares of the Internet company based in Singapore’s stock valued at $685,000 after acquiring an additional 170 shares during the period. Finally, Merit Financial Group LLC purchased a new position in shares of SEA in the 4th quarter worth about $315,000. 59.53% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on SE shares. Jefferies Financial Group upped their price objective on SEA from $131.00 to $157.00 and gave the stock a “buy” rating in a report on Tuesday, March 4th. JPMorgan Chase & Co. upgraded SEA from a “neutral” rating to an “overweight” rating and upped their price objective for the stock from $135.00 to $190.00 in a report on Tuesday. Loop Capital upped their price objective on SEA from $135.00 to $165.00 and gave the stock a “buy” rating in a report on Monday, March 31st. Wedbush reiterated an “outperform” rating and issued a $135.00 price objective on shares of SEA in a report on Tuesday, April 15th. Finally, Phillip Securities upgraded SEA from a “moderate sell” rating to a “hold” rating in a report on Friday, March 7th. Three research analysts have rated the stock with a hold rating, nine have issued a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $145.23.

SEA Stock Up 0.9%

Shares of NYSE:SE opened at $164.62 on Friday. Sea Limited has a 52-week low of $55.00 and a 52-week high of $164.93. The firm has a market capitalization of $96.98 billion, a P/E ratio of 1,097.47 and a beta of 1.70. The stock has a 50 day moving average price of $128.65 and a 200-day moving average price of $120.04. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.60 and a current ratio of 1.62.

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.