Allianz SE Invests $2.34 Million in Sea Limited (NYSE:SE)

Allianz SE purchased a new position in shares of Sea Limited (NYSE:SE - Free Report) during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 21,810 shares of the Internet company based in Singapore's stock, valued at approximately $2,342,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Private Trust Co. NA increased its holdings in shares of SEA by 474.4% in the fourth quarter. Private Trust Co. NA now owns 247 shares of the Internet company based in Singapore's stock valued at $26,000 after purchasing an additional 204 shares in the last quarter. Kestra Investment Management LLC bought a new stake in shares of SEA during the fourth quarter worth $34,000. Farther Finance Advisors LLC lifted its stake in shares of SEA by 43.8% during the fourth quarter. Farther Finance Advisors LLC now owns 368 shares of the Internet company based in Singapore's stock valued at $39,000 after acquiring an additional 112 shares during the period. Geneos Wealth Management Inc. lifted its stake in shares of SEA by 4,663.6% during the fourth quarter. Geneos Wealth Management Inc. now owns 524 shares of the Internet company based in Singapore's stock valued at $56,000 after acquiring an additional 513 shares during the period. Finally, SOA Wealth Advisors LLC. boosted its holdings in SEA by 33.3% in the third quarter. SOA Wealth Advisors LLC. now owns 600 shares of the Internet company based in Singapore's stock valued at $57,000 after acquiring an additional 150 shares during the last quarter. Institutional investors and hedge funds own 59.53% of the company's stock.

SEA Trading Up 1.6 %

Shares of SEA stock traded up $2.12 during trading hours on Tuesday, hitting $132.61. The company's stock had a trading volume of 5,168,265 shares, compared to its average volume of 4,574,384. Sea Limited has a 12 month low of $51.70 and a 12 month high of $147.73. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.62 and a quick ratio of 1.60. The company has a market capitalization of $75.90 billion, a PE ratio of 884.09 and a beta of 1.62. The stock has a 50 day moving average of $127.59 and a 200 day moving average of $112.08.

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Analysts Set New Price Targets

A number of research analysts have issued reports on SE shares. UBS Group upped their target price on shares of SEA from $135.00 to $176.00 and gave the company a "buy" rating in a research report on Friday, March 7th. Loop Capital boosted their price target on shares of SEA from $135.00 to $165.00 and gave the stock a "buy" rating in a research note on Monday. 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. Barclays upped their target price on shares of SEA from $148.00 to $182.00 and gave the company an "overweight" rating in a research report on Friday, March 7th. Finally, Phillip Securities raised SEA from a "moderate sell" rating to a "hold" rating in a research note on Friday, March 7th. Three analysts have rated the stock with a hold rating, eleven have issued a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, SEA currently has an average rating of "Moderate Buy" and an average price target of $121.40.

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.