EverSource Wealth Advisors LLC Increases Stock Holdings in Sea Limited (NYSE:SE)

EverSource Wealth Advisors LLC raised its stake in shares of Sea Limited (NYSE:SE) by 177.9% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,771 shares of the Internet company based in Singapore’s stock after purchasing an additional 1,774 shares during the quarter. EverSource Wealth Advisors LLC’s holdings in SEA were worth $294,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in SE. Baillie Gifford & Co. raised its position in shares of SEA by 3.5% in the 4th quarter. Baillie Gifford & Co. now owns 40,954,549 shares of the Internet company based in Singapore’s stock worth $4,345,278,000 after acquiring an additional 1,390,531 shares in the last quarter. WCM Investment Management LLC lifted its position in SEA by 22.8% during the fourth quarter. WCM Investment Management LLC now owns 25,663,667 shares of the Internet company based in Singapore’s stock valued at $2,758,331,000 after buying an additional 4,761,289 shares during the period. Geode Capital Management LLC boosted its holdings in shares of SEA by 4.2% during the 3rd quarter. Geode Capital Management LLC now owns 3,059,521 shares of the Internet company based in Singapore’s stock valued at $283,543,000 after buying an additional 124,433 shares in the last quarter. Perpetual Ltd grew its position in shares of SEA by 3,033.0% in the 4th quarter. Perpetual Ltd now owns 2,098,003 shares of the Internet company based in Singapore’s stock worth $222,598,000 after buying an additional 2,031,038 shares during the period. Finally, CoreView Capital Management Ltd increased its stake in shares of SEA by 341.1% in the 3rd quarter. CoreView Capital Management Ltd now owns 1,996,376 shares of the Internet company based in Singapore’s stock worth $188,218,000 after acquiring an additional 1,543,743 shares in the last quarter. 59.53% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on SE shares. JPMorgan Chase & Co. boosted their price objective on shares of SEA from $133.00 to $160.00 and gave the stock an “overweight” rating in a research note on Wednesday, March 5th. Phillip Securities upgraded SEA from a “moderate sell” rating to a “hold” rating in a research note on Friday, March 7th. Benchmark raised their price objective on SEA from $130.00 to $150.00 and gave the company a “buy” rating in a research report on Wednesday, March 5th. UBS Group increased their target price on SEA from $135.00 to $176.00 and gave the stock a “buy” rating in a research note on Friday, March 7th. Finally, Sanford C. Bernstein set a $145.00 price target 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 assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $116.67.

SEA Stock Performance

SE stock opened at $127.24 on Friday. 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 $51.70 and a 1 year high of $147.73. The company has a market cap of $72.83 billion, a P/E ratio of 848.29 and a beta of 1.62. The stock’s fifty day moving average price is $123.38 and its 200-day moving average price is $107.92.

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.