Belpointe Asset Management LLC Boosts Holdings in Sea Limited (NYSE:SE)

Belpointe Asset Management LLC increased its stake in Sea Limited (NYSE:SE - Free Report) by 205.0% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 14,921 shares of the Internet company based in Singapore's stock after buying an additional 10,029 shares during the period. Belpointe Asset Management LLC's holdings in SEA were worth $1,583,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Private Trust Co. NA grew its holdings in shares of SEA by 474.4% during the fourth quarter. Private Trust Co. NA now owns 247 shares of the Internet company based in Singapore's stock valued at $26,000 after buying an additional 204 shares during the last quarter. Kestra Investment Management LLC purchased a new stake in SEA during the 4th quarter valued at $34,000. Farther Finance Advisors LLC increased its holdings in shares of SEA by 43.8% in the 4th quarter. Farther Finance Advisors LLC now owns 368 shares of the Internet company based in Singapore's stock worth $39,000 after purchasing an additional 112 shares in the last quarter. Huntington National Bank raised its stake in shares of SEA by 783.6% in the fourth quarter. Huntington National Bank now owns 486 shares of the Internet company based in Singapore's stock worth $52,000 after purchasing an additional 431 shares during the last quarter. Finally, Geneos Wealth Management Inc. lifted its holdings in shares of SEA by 4,663.6% during the fourth quarter. Geneos Wealth Management Inc. now owns 524 shares of the Internet company based in Singapore's stock valued at $56,000 after purchasing an additional 513 shares in the last quarter. Hedge funds and other institutional investors own 59.53% of the company's stock.

SEA Stock Performance

Shares of SE stock traded up $2.24 during trading hours on Friday, reaching $120.97. 3,672,823 shares of the company traded hands, compared to its average volume of 4,681,404. The firm has a 50-day moving average price of $126.40 and a 200 day moving average price of $115.07. The company has a market cap of $69.24 billion, a P/E ratio of 806.49 and a beta of 1.73. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.62 and a quick ratio of 1.60. Sea Limited has a 12-month low of $55.00 and a 12-month high of $147.73.

Analysts Set New Price Targets

Several equities research analysts recently commented on SE shares. JPMorgan Chase & Co. downgraded SEA from an "overweight" rating to a "neutral" rating and reduced their price objective for the stock from $160.00 to $135.00 in a report on Wednesday. UBS Group boosted their price objective on shares of SEA from $135.00 to $176.00 and gave the company 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 stock an "outperform" 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 research note on Friday, March 7th. Finally, Jefferies Financial Group increased 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. Four equities research analysts have rated the stock with a hold rating, ten have assigned a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat, SEA has a consensus rating of "Moderate Buy" and a consensus price target of $121.73.

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.