HighTower Advisors LLC Has $5.20 Million Stock Position in Sea Limited (NYSE:SE)

HighTower Advisors LLC increased its position in shares of Sea Limited (NYSE:SE - Free Report) by 26.1% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 48,988 shares of the Internet company based in Singapore's stock after purchasing an additional 10,152 shares during the quarter. HighTower Advisors LLC's holdings in SEA were worth $5,198,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the company. AGF Management Ltd. bought a new position in SEA during the fourth quarter worth $38,436,000. Wealthfront Advisers LLC bought a new position in SEA during the fourth quarter worth $24,361,000. GC Wealth Management RIA LLC bought a new position in SEA during the fourth quarter worth $341,000. Independent Advisor Alliance bought a new position in SEA during the fourth quarter worth $1,172,000. Finally, Daiwa Securities Group Inc. lifted its stake in SEA by 2.4% during the fourth quarter. Daiwa Securities Group Inc. now owns 34,447 shares of the Internet company based in Singapore's stock worth $3,655,000 after purchasing an additional 800 shares during the last quarter. 59.53% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages have weighed in on SE. Barclays increased their target price on SEA from $148.00 to $182.00 and gave the stock an "overweight" rating in a research report on Friday, March 7th. Jefferies Financial Group increased their target price on SEA from $131.00 to $157.00 and gave the stock a "buy" rating in a research report on Tuesday, March 4th. Phillip Securities raised SEA from a "moderate sell" rating to a "hold" rating in a research report on Friday, March 7th. UBS Group increased their target price on SEA from $135.00 to $176.00 and gave the stock a "buy" rating in a research report on Friday, March 7th. Finally, Sanford C. Bernstein set a $145.00 target price on SEA and gave the stock an "outperform" rating in a research report on Wednesday, March 5th. Three investment 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. According to MarketBeat, SEA currently has an average rating of "Moderate Buy" and an average target price of $116.67.

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SEA Price Performance

NYSE:SE traded down $1.08 during mid-day trading on Friday, reaching $126.01. 3,154,406 shares of the stock were exchanged, compared to its average volume of 4,410,527. The business has a fifty day moving average price of $125.30 and a 200 day moving average price of $109.63. The firm has a market capitalization of $72.12 billion, a PE ratio of 840.04 and a beta of 1.62. Sea Limited has a 1-year low of $51.70 and a 1-year high of $147.73. The company has a current ratio of 1.62, a quick ratio of 1.60 and a debt-to-equity ratio of 0.36.

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.