GeoWealth Management LLC Increases Stock Holdings in Sea Limited (NYSE:SE)

GeoWealth Management LLC raised its holdings in Sea Limited (NYSE:SE - Free Report) by 1,251.4% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 3,446 shares of the Internet company based in Singapore's stock after buying an additional 3,191 shares during the quarter. GeoWealth Management LLC's holdings in SEA were worth $366,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in SE. M&T Bank Corp boosted its position in SEA by 2,163.9% during the 3rd quarter. M&T Bank Corp now owns 74,505 shares of the Internet company based in Singapore's stock valued at $7,024,000 after acquiring an additional 71,214 shares in the last quarter. SOA Wealth Advisors LLC. lifted its stake in shares of SEA by 33.3% in the 3rd quarter. SOA Wealth Advisors LLC. now owns 600 shares of the Internet company based in Singapore's stock valued at $57,000 after purchasing an additional 150 shares during the period. Sanctuary Advisors LLC boosted its position in shares of SEA by 14.4% during the third quarter. Sanctuary Advisors LLC now owns 6,214 shares of the Internet company based in Singapore's stock valued at $586,000 after purchasing an additional 782 shares in the last quarter. Wilmington Savings Fund Society FSB bought a new stake in shares of SEA during the third quarter valued at approximately $290,000. Finally, Tidal Investments LLC grew its stake in SEA by 1,270.6% in the third quarter. Tidal Investments LLC now owns 109,034 shares of the Internet company based in Singapore's stock worth $10,280,000 after purchasing an additional 101,079 shares during the period. 59.53% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on SE. Loop Capital boosted their target price on shares of SEA from $135.00 to $165.00 and gave the company a "buy" rating in a report on Monday, March 31st. UBS Group upped their price objective on shares of SEA from $135.00 to $176.00 and gave the stock a "buy" rating in a report on Friday, March 7th. Sanford C. Bernstein set a $145.00 target price on shares of SEA and gave the company an "outperform" rating in a research note on Wednesday, March 5th. Arete Research raised SEA to a "strong-buy" rating in a research report on Sunday, March 23rd. Finally, Jefferies Financial Group raised their price objective on SEA from $131.00 to $157.00 and gave the company a "buy" rating in a research report on Tuesday, March 4th. Four research analysts have rated the stock with a hold rating, nine have issued a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, SEA presently has a consensus rating of "Moderate Buy" and a consensus target price of $125.43.

SEA Stock Performance

NYSE SE traded up $3.78 during trading hours on Friday, hitting $128.01. The company's stock had a trading volume of 3,518,652 shares, compared to its average volume of 4,621,205. 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 cap of $73.27 billion, a P/E ratio of 853.40 and a beta of 1.73. The company's 50 day simple moving average is $125.33 and its two-hundred day simple moving average is $115.47. Sea Limited has a 12 month low of $55.00 and a 12 month high of $147.73.

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.