KLP Kapitalforvaltning AS Purchases New Holdings in Sea Limited (NYSE:SE)

KLP Kapitalforvaltning AS acquired a new position in Sea Limited (NYSE:SE - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 125,800 shares of the Internet company based in Singapore's stock, valued at approximately $13,347,000.

A number of other institutional investors also recently bought and sold shares of SE. Farther Finance Advisors LLC lifted its position in shares of SEA by 43.8% in the fourth quarter. Farther Finance Advisors LLC now owns 368 shares of the Internet company based in Singapore's stock valued at $39,000 after acquiring an additional 112 shares in the last quarter. SOA Wealth Advisors LLC. boosted its holdings in SEA by 33.3% in the third 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. TD Private Client Wealth LLC grew its holdings in SEA by 33.7% during the 3rd quarter. TD Private Client Wealth LLC now owns 603 shares of the Internet company based in Singapore's stock worth $57,000 after acquiring an additional 152 shares in the last quarter. Ballentine Partners LLC raised its position in shares of SEA by 5.6% during the 4th quarter. Ballentine Partners LLC now owns 2,970 shares of the Internet company based in Singapore's stock worth $315,000 after acquiring an additional 158 shares in the last quarter. Finally, Integrated Wealth Concepts LLC raised its holdings in SEA by 2.6% during 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 purchasing an additional 160 shares in the last quarter. 59.53% of the stock is owned by hedge funds and other institutional investors.

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SEA Stock Performance

NYSE:SE traded up $5.37 during trading hours on Thursday, reaching $134.64. 2,590,496 shares of the company's stock were exchanged, compared to its average volume of 4,394,518. The firm has a market capitalization of $77.06 billion, a price-to-earnings ratio of 898.60 and a beta of 1.62. 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 has a 50-day moving average of $126.53 and a 200 day moving average of $110.72.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on SE shares. Benchmark increased their target price on SEA from $130.00 to $150.00 and gave the company a "buy" rating in a research note on Wednesday, March 5th. Phillip Securities upgraded shares of SEA from a "moderate sell" rating to a "hold" rating in a research report on Friday, March 7th. Sanford C. Bernstein set a $145.00 price objective on shares of SEA and gave the company an "outperform" rating in a research note on Wednesday, March 5th. Jefferies Financial Group raised their price target on shares of SEA from $131.00 to $157.00 and gave the stock a "buy" rating in a report on Tuesday, March 4th. Finally, Barclays increased their price objective on shares of SEA from $148.00 to $182.00 and gave the company an "overweight" rating in a research note on Friday, March 7th. Three investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat, the stock 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.