Fortis Capital Advisors LLC Acquires New Position in Sea Limited (NYSE:SE)

Fortis Capital Advisors LLC purchased a new stake in Sea Limited (NYSE:SE - Free Report) in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 14,921 shares of the Internet company based in Singapore's stock, valued at approximately $1,583,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of SE. 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 during the period. Kestra Investment Management LLC purchased a new position in SEA in the 4th quarter valued at $34,000. Farther Finance Advisors LLC increased its stake in SEA by 43.8% in the 4th quarter. Farther Finance Advisors LLC now owns 368 shares of the Internet company based in Singapore's stock valued at $39,000 after buying an additional 112 shares during the period. Huntington National Bank raised its position in SEA by 783.6% during the 4th quarter. Huntington National Bank now owns 486 shares of the Internet company based in Singapore's stock worth $52,000 after buying an additional 431 shares during the last quarter. Finally, Geneos Wealth Management Inc. lifted its stake in shares of SEA by 4,663.6% in the 4th quarter. Geneos Wealth Management Inc. now owns 524 shares of the Internet company based in Singapore's stock worth $56,000 after acquiring an additional 513 shares during the period. Hedge funds and other institutional investors own 59.53% of the company's stock.

Wall Street Analyst Weigh In

SE has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. boosted their price target 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. Phillip Securities upgraded SEA from a "moderate sell" rating to a "hold" rating in a research report on Friday, March 7th. UBS Group increased their target price on SEA from $135.00 to $176.00 and gave the stock a "buy" rating in a research note on Friday, March 7th. Benchmark lifted their price target on SEA from $130.00 to $150.00 and gave the company a "buy" rating in a research note on Wednesday, March 5th. Finally, Wedbush reiterated an "outperform" rating on shares of SEA in a research report on Tuesday. Three analysts have rated the stock with a hold rating, eleven have given a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $121.40.

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SEA Price Performance

NYSE:SE traded up $1.03 during trading hours on Tuesday, reaching $119.76. 4,165,871 shares of the company traded hands, compared to its average volume of 4,715,891. 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 firm's 50-day moving average is $126.74 and its 200-day moving average is $114.41. The stock has a market cap of $68.55 billion, a P/E ratio of 798.43 and a beta of 1.73. Sea Limited has a 1-year low of $51.70 and a 1-year 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.