244,880 Shares in Sea Limited (NYSE:SE) Acquired by Wealthfront Advisers LLC

Wealthfront Advisers LLC purchased a new stake in Sea Limited (NYSE:SE - Free Report) in the 4th quarter, according to its most recent filing with the SEC. The fund purchased 244,880 shares of the Internet company based in Singapore's stock, valued at approximately $24,361,000.

Several other institutional investors also recently made changes to their positions in SE. Assetmark Inc. grew its stake in shares of SEA by 24.7% during the third quarter. Assetmark Inc. now owns 1,427 shares of the Internet company based in Singapore's stock valued at $135,000 after acquiring an additional 283 shares in the last quarter. Atria Investments Inc raised its holdings in shares of SEA by 262.5% during 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 buying an additional 10,588 shares during the last quarter. Mesirow Financial Investment Management Inc. bought a new stake in shares of SEA during the third quarter valued at approximately $438,000. Crossmark Global Holdings Inc. bought a new stake in shares of SEA during the third quarter valued at approximately $1,488,000. Finally, Venturi Wealth Management LLC increased its stake 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 acquiring an additional 5,161 shares during the period. 59.53% of the stock is owned by hedge funds and other institutional investors.

SEA Stock Performance

Shares of SEA stock opened at $127.62 on Wednesday. The company has a quick ratio of 1.60, a current ratio of 1.62 and a debt-to-equity ratio of 0.36. Sea Limited has a twelve month low of $51.70 and a twelve month high of $147.73. The stock has a market cap of $73.04 billion, a price-to-earnings ratio of 850.83 and a beta of 1.62. The company's fifty day moving average is $121.66 and its 200 day moving average is $106.85.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on SE. Benchmark raised their price objective on shares of SEA from $130.00 to $150.00 and gave the company a "buy" rating in a research note on Wednesday, March 5th. JPMorgan Chase & Co. raised 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. 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 lifted their price objective 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 lifted their price objective on shares of SEA from $131.00 to $157.00 and gave the company a "buy" rating in a research note 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 assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $116.67.

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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.

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