Harvest Fund Management Co. Ltd Has $833,000 Stake in Sea Limited (NYSE:SE)

Harvest Fund Management Co. Ltd boosted its stake in shares of Sea Limited (NYSE:SE - Free Report) by 5,720.0% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 7,857 shares of the Internet company based in Singapore's stock after acquiring an additional 7,722 shares during the quarter. Harvest Fund Management Co. Ltd's holdings in SEA were worth $833,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. OneDigital Investment Advisors LLC grew its stake in shares of SEA by 45.7% during the third quarter. OneDigital Investment Advisors LLC now owns 6,190 shares of the Internet company based in Singapore's stock valued at $584,000 after purchasing an additional 1,942 shares during the last quarter. LMR Partners LLP bought a new position in SEA in the 3rd quarter valued at $312,000. Caprock Group LLC bought a new position in SEA in the 3rd quarter valued at $267,000. B. Metzler seel. Sohn & Co. Holding AG acquired a new stake in shares of SEA in the 3rd quarter valued at $707,000. Finally, PNC Financial Services Group Inc. raised its position in shares of SEA by 322.8% during the third quarter. PNC Financial Services Group Inc. now owns 37,327 shares of the Internet company based in Singapore's stock worth $3,519,000 after acquiring an additional 28,499 shares during the last quarter. Institutional investors and hedge funds own 59.53% of the company's stock.

SEA Trading Up 0.7 %

Shares of SEA stock traded up $0.89 during trading hours on Tuesday, hitting $130.37. The company's stock had a trading volume of 4,337,247 shares, compared to its average volume of 4,405,530. The company has a market capitalization of $74.62 billion, a PE ratio of 869.13 and a beta of 1.62. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.62 and a quick ratio of 1.60. The stock has a 50 day moving average of $125.76 and a 200 day moving average of $110.21. Sea Limited has a 12 month low of $51.70 and a 12 month high of $147.73.

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Wall Street Analysts Forecast Growth

SE has been the topic of several recent research reports. Sanford C. Bernstein set a $145.00 price target on SEA and gave the company an "outperform" rating in a report on Wednesday, March 5th. Benchmark raised their target price on shares of SEA from $130.00 to $150.00 and gave the company a "buy" rating in a research note on Wednesday, March 5th. Arete Research raised shares of SEA to a "strong-buy" rating in a research note on Sunday. Barclays raised 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. Finally, UBS Group upped their target price on shares of SEA from $135.00 to $176.00 and gave the company a "buy" rating in a research report on Friday, March 7th. Three analysts have rated the stock with a hold rating, eleven have issued a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $116.67.

SEA Company 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.