Stifel Financial Corp Acquires 75,213 Shares of Sea Limited (NYSE:SE)

Stifel Financial Corp lifted its stake in shares of Sea Limited (NYSE:SE - Free Report) by 48.3% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 231,012 shares of the Internet company based in Singapore's stock after acquiring an additional 75,213 shares during the period. Stifel Financial Corp's holdings in SEA were worth $24,510,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Farther Finance Advisors LLC lifted its stake in 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 purchasing an additional 112 shares during the last quarter. SOA Wealth Advisors LLC. lifted its position in 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 buying an additional 150 shares during the last quarter. Ballentine Partners LLC lifted its position in SEA by 5.6% in 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 last quarter. Moseley Investment Management Inc. boosted its stake in SEA by 4.3% in the fourth 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 in the last quarter. Finally, Roberts Wealth Advisors LLC grew its position in SEA by 0.7% during the fourth quarter. Roberts Wealth Advisors LLC now owns 23,477 shares of the Internet company based in Singapore's stock valued at $2,602,000 after acquiring an additional 161 shares during the last quarter. 59.53% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on SE. UBS Group upped their price objective on shares of SEA from $135.00 to $176.00 and gave the company a "buy" rating in a research note on Friday, March 7th. Benchmark boosted their target price on 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 SEA to a "strong-buy" rating in a research note on Sunday, March 23rd. Jefferies Financial Group increased their price objective on SEA from $131.00 to $157.00 and gave the company a "buy" rating in a research note on Tuesday, March 4th. Finally, Wedbush reaffirmed an "outperform" rating and issued a $135.00 target price on shares of SEA in a research note on Tuesday, April 15th. Four research analysts have rated the stock with a hold rating, nine have given a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $125.43.

SEA Stock Up 2.3 %

SE stock traded up $3.01 during trading on Tuesday, hitting $133.29. 1,865,636 shares of the stock traded hands, compared to its average volume of 4,597,025. The stock has a market cap of $76.29 billion, a price-to-earnings ratio of 888.90 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 1 year low of $55.00 and a 1 year high of $147.73. The firm's 50 day moving average is $125.00 and its two-hundred day moving average is $116.18.

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.