181,405 Shares in Sea Limited (NYSE:SE) Purchased by Raymond James Financial Inc.

Raymond James Financial Inc. purchased a new position in Sea Limited (NYSE:SE - Free Report) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm purchased 181,405 shares of the Internet company based in Singapore's stock, valued at approximately $19,247,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. SOA Wealth Advisors LLC. boosted its position 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 worth $57,000 after purchasing an additional 150 shares during the last quarter. TD Private Client Wealth LLC raised its stake 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 buying an additional 152 shares during the period. Ballentine Partners LLC raised its stake in 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 buying an additional 158 shares during the period. Integrated Wealth Concepts LLC raised its stake in SEA by 2.6% during the 3rd 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. Finally, Moseley Investment Management Inc. raised its stake in SEA by 4.3% during the 4th quarter. Moseley Investment Management Inc. now owns 3,870 shares of the Internet company based in Singapore's stock worth $411,000 after buying an additional 161 shares during the period. 59.53% of the stock is currently owned by institutional investors.

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SEA Stock Up 0.7 %

Shares of NYSE:SE traded up $0.92 during midday trading on Thursday, reaching $127.07. The company had a trading volume of 4,423,926 shares, compared to its average volume of 4,414,108. The company has a quick ratio of 1.60, a current ratio of 1.62 and a debt-to-equity ratio of 0.36. The business's 50 day moving average price is $124.58 and its 200 day moving average price is $108.95. The stock has a market cap of $72.73 billion, a PE ratio of 847.15 and a beta of 1.61. Sea Limited has a 1-year low of $51.70 and a 1-year high of $147.73.

Analyst Upgrades and Downgrades

Several brokerages recently commented on SE. UBS Group raised their price objective on SEA from $135.00 to $176.00 and gave the stock a "buy" rating in a research note on Friday, March 7th. Barclays raised their price objective on SEA from $148.00 to $182.00 and gave the stock an "overweight" rating in a research note on Friday, March 7th. JPMorgan Chase & Co. raised their price objective on SEA from $133.00 to $160.00 and gave the stock an "overweight" rating in a research note on Wednesday, March 5th. Sanford C. Bernstein set a $145.00 price objective on SEA and gave the stock an "outperform" rating in a research note on Wednesday, March 5th. Finally, Jefferies Financial Group lifted their price target on SEA from $131.00 to $157.00 and gave the company a "buy" rating in a research note on Tuesday, March 4th. Three analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $116.67.

SEA 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.