Envestnet Asset Management Inc. Grows Position in Sea Limited (NYSE:SE)

Envestnet Asset Management Inc. increased its position in Sea Limited (NYSE:SE - Free Report) by 33.5% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,221,228 shares of the Internet company based in Singapore's stock after acquiring an additional 306,693 shares during the period. Envestnet Asset Management Inc. owned about 0.21% of SEA worth $129,572,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of SE. HighTower Advisors LLC increased its stake in shares of SEA by 160.3% in the 3rd quarter. HighTower Advisors LLC now owns 38,836 shares of the Internet company based in Singapore's stock worth $3,669,000 after purchasing an additional 23,914 shares in the last quarter. Integrated Wealth Concepts LLC raised its stake in shares of SEA by 2.6% in the third quarter. Integrated Wealth Concepts LLC now owns 6,357 shares of the Internet company based in Singapore's stock worth $599,000 after buying an additional 160 shares during the period. Quantinno Capital Management LP grew its stake in shares of SEA by 32.1% during the 3rd quarter. Quantinno Capital Management LP now owns 12,458 shares of the Internet company based in Singapore's stock valued at $1,175,000 after acquiring an additional 3,026 shares during the period. Stifel Financial Corp increased its holdings in SEA by 132.8% in the 3rd quarter. Stifel Financial Corp now owns 155,799 shares of the Internet company based in Singapore's stock worth $14,689,000 after acquiring an additional 88,886 shares in the last quarter. Finally, Insigneo Advisory Services LLC purchased a new position in SEA during the third quarter valued at approximately $236,000. Institutional investors own 59.53% of the company's stock.

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Analysts Set New Price Targets

Several analysts have recently commented on the stock. 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 report on Wednesday, March 5th. Arete Research upgraded SEA to a "strong-buy" rating in a research report on Sunday, March 23rd. UBS Group boosted their price target on SEA from $135.00 to $176.00 and gave the stock a "buy" rating in a report on Friday, March 7th. 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 report on Tuesday, March 4th. Finally, Loop Capital raised their target price on shares of SEA from $135.00 to $165.00 and gave the company a "buy" rating in a research note on Monday, March 31st. Three research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $121.40.

SEA Trading Up 2.2 %

SE stock traded up $2.58 during midday trading on Friday, reaching $117.86. 4,396,578 shares of the company traded hands, compared to its average volume of 4,718,279. The firm has a market capitalization of $67.46 billion, a price-to-earnings ratio of 785.73 and a beta of 1.73. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.60 and a current ratio of 1.62. The business has a 50 day moving average of $126.87 and a 200-day moving average of $114.20. Sea Limited has a 52-week low of $51.70 and a 52-week high of $147.73.

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.