Skandinaviska Enskilda Banken AB publ Acquires 10,500 Shares of Sea Limited (NYSE:SE)

Skandinaviska Enskilda Banken AB publ increased its stake in shares of Sea Limited (NYSE:SE - Free Report) by 20.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 60,821 shares of the Internet company based in Singapore's stock after buying an additional 10,500 shares during the period. Skandinaviska Enskilda Banken AB publ's holdings in SEA were worth $6,537,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Private Trust Co. NA increased its position in 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 worth $26,000 after purchasing an additional 204 shares during the period. Kestra Investment Management LLC acquired a new stake in shares of SEA during the 4th quarter worth approximately $34,000. Farther Finance Advisors LLC raised its stake in shares of SEA by 43.8% during the fourth quarter. Farther Finance Advisors LLC now owns 368 shares of the Internet company based in Singapore's stock worth $39,000 after buying an additional 112 shares during the last quarter. Truvestments Capital LLC bought a new stake in shares of SEA during the third quarter worth approximately $41,000. Finally, Icon Wealth Advisors LLC acquired a new position in SEA in the third quarter valued at approximately $47,000. Institutional investors own 59.53% of the company's stock.

Analysts Set New Price Targets

SE has been the subject of several recent research reports. Jefferies Financial Group upped their target price on shares of SEA from $131.00 to $157.00 and gave the company a "buy" rating in a research report on Tuesday, March 4th. JPMorgan Chase & Co. raised their price target on SEA from $133.00 to $160.00 and gave the stock an "overweight" rating in a research report on Wednesday, March 5th. Benchmark upped their price target on shares of SEA from $130.00 to $150.00 and gave the company a "buy" rating in a report on Wednesday, March 5th. Phillip Securities upgraded shares of SEA from a "moderate sell" rating to a "hold" rating in a report on Friday, March 7th. Finally, Sanford C. Bernstein set a $145.00 price target on shares of SEA and gave the stock an "outperform" rating in a research note on Wednesday, March 5th. Three investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $116.67.

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SEA Stock Performance

Shares of SEA stock traded up $1.35 during trading on Wednesday, reaching $126.48. The company's stock had a trading volume of 3,922,434 shares, compared to its average volume of 4,424,900. 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 $124.24 and its 200-day moving average price is $108.83. Sea Limited has a 52 week low of $51.70 and a 52 week high of $147.73. The firm has a market cap of $72.39 billion, a PE ratio of 843.17 and a beta of 1.61.

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.