Independent Advisor Alliance Takes Position in Sea Limited (NYSE:SE)

Independent Advisor Alliance purchased a new position in shares of Sea Limited (NYSE:SE - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 11,047 shares of the Internet company based in Singapore's stock, valued at approximately $1,172,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Assetmark Inc. increased its holdings in SEA by 24.7% during the 3rd quarter. Assetmark Inc. now owns 1,427 shares of the Internet company based in Singapore's stock worth $135,000 after purchasing an additional 283 shares during the last quarter. Atria Investments Inc increased its holdings in SEA by 262.5% during the 3rd quarter. Atria Investments Inc now owns 14,621 shares of the Internet company based in Singapore's stock worth $1,378,000 after purchasing an additional 10,588 shares during the last quarter. Plato Investment Management Ltd purchased a new stake in SEA during the 3rd quarter worth approximately $323,000. Metis Global Partners LLC purchased a new stake in SEA during the 3rd quarter worth approximately $254,000. Finally, OneDigital Investment Advisors LLC increased its holdings in SEA by 45.7% during the 3rd quarter. OneDigital Investment Advisors LLC now owns 6,190 shares of the Internet company based in Singapore's stock worth $584,000 after purchasing an additional 1,942 shares during the last quarter. 59.53% of the stock is owned by institutional investors and hedge funds.

SEA Stock Performance

SE stock traded up $1.35 during trading on Wednesday, reaching $126.48. 3,921,021 shares of the company's stock were exchanged, compared to its average volume of 4,424,896. The company has a quick ratio of 1.60, a current ratio of 1.62 and a debt-to-equity ratio of 0.36. Sea Limited has a 1-year low of $51.70 and a 1-year high of $147.73. The company's fifty day moving average price is $124.24 and its 200-day moving average price is $108.83. The firm has a market cap of $72.39 billion, a PE ratio of 843.17 and a beta of 1.61.

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Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on SE. Benchmark boosted their price target on SEA from $130.00 to $150.00 and gave the company a "buy" rating in a report on Wednesday, March 5th. Sanford C. Bernstein set a $145.00 price target on SEA and gave the company an "outperform" rating in a report on Wednesday, March 5th. Jefferies Financial Group boosted their price target on SEA from $131.00 to $157.00 and gave the company a "buy" rating in a report on Tuesday, March 4th. UBS Group boosted their price target on SEA from $135.00 to $176.00 and gave the company a "buy" rating in a report on Friday, March 7th. Finally, Phillip Securities upgraded SEA from a "moderate sell" rating to a "hold" rating in a report on Friday, March 7th. Three investment analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $116.67.

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.