CIBC Asset Management Inc Boosts Stake in Sea Limited (NYSE:SE)

CIBC Asset Management Inc raised its stake in Sea Limited (NYSE:SE - Free Report) by 12.7% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 40,228 shares of the Internet company based in Singapore's stock after acquiring an additional 4,529 shares during the period. CIBC Asset Management Inc's holdings in SEA were worth $4,268,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Rosenberg Matthew Hamilton raised its holdings in shares of SEA by 213.7% during the 3rd quarter. Rosenberg Matthew Hamilton now owns 298 shares of the Internet company based in Singapore's stock worth $28,000 after buying an additional 203 shares in the last quarter. Truvestments Capital LLC acquired a new stake in shares of SEA in the third quarter valued at about $41,000. Icon Wealth Advisors LLC acquired a new stake in SEA during the third quarter worth approximately $47,000. Geneos Wealth Management Inc. grew its stake in 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 worth $56,000 after purchasing an additional 513 shares during the period. Finally, SOA Wealth Advisors LLC. grew its stake in SEA by 33.3% during the third quarter. SOA Wealth Advisors LLC. now owns 600 shares of the Internet company based in Singapore's stock worth $57,000 after purchasing an additional 150 shares during the period. 59.53% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on SE shares. Dbs Bank raised SEA from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, November 13th. Benchmark raised their target price on SEA from $94.00 to $130.00 and gave the company a "buy" rating in a report on Wednesday, November 13th. Phillip Securities restated a "reduce" rating and issued a $100.00 target price (up previously from $80.00) on shares of SEA in a report on Tuesday, November 19th. TD Cowen lifted their price target on SEA from $69.00 to $100.00 and gave the stock a "hold" rating in a report on Wednesday, November 13th. Finally, Barclays raised their target price on SEA from $94.00 to $131.00 and gave the stock an "overweight" rating in a research report on Thursday, November 14th. One analyst has rated the stock with a sell rating, two have assigned a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $91.21.

SEA Trading Down 3.1 %

Shares of NYSE SE traded down $4.13 during midday trading on Friday, reaching $128.70. The company had a trading volume of 4,709,133 shares, compared to its average volume of 3,607,220. Sea Limited has a one year low of $43.27 and a one year high of $139.18. The stock has a market cap of $73.66 billion, a PE ratio of 858.00 and a beta of 1.55. The company has a quick ratio of 1.60, a current ratio of 1.62 and a debt-to-equity ratio of 0.36. The firm's fifty day moving average price is $117.34 and its 200-day moving average price is $102.00.

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.