SlateStone Wealth LLC Increases Position in Sea Limited (NYSE:SE)

SlateStone Wealth LLC lifted its holdings in Sea Limited (NYSE:SE) by 2.5% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 39,396 shares of the Internet company based in Singapore’s stock after acquiring an additional 964 shares during the quarter. SlateStone Wealth LLC’s holdings in SEA were worth $4,180,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently modified their holdings of SE. Private Trust Co. NA boosted its stake in shares of SEA by 474.4% in the 4th quarter. Private Trust Co. NA now owns 247 shares of the Internet company based in Singapore’s stock worth $26,000 after buying an additional 204 shares during the last quarter. Kestra Investment Management LLC purchased a new position in SEA in the fourth quarter valued at approximately $34,000. Farther Finance Advisors LLC lifted its stake in SEA by 43.8% in the fourth quarter. Farther Finance Advisors LLC now owns 368 shares of the Internet company based in Singapore’s stock valued at $39,000 after purchasing an additional 112 shares during the last quarter. Truvestments Capital LLC purchased a new position in SEA in the third quarter valued at approximately $41,000. Finally, Icon Wealth Advisors LLC purchased a new position in SEA in the third quarter valued at approximately $47,000. Hedge funds and other institutional investors own 59.53% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently commented on SE. Sanford C. Bernstein set a $145.00 price objective on SEA and gave the company an “outperform” rating in a research note on Wednesday, March 5th. JPMorgan Chase & Co. upped their price objective on SEA from $133.00 to $160.00 and gave the company an “overweight” rating in a research note on Wednesday, March 5th. 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. 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, Benchmark increased their target price on SEA from $130.00 to $150.00 and gave the stock a “buy” rating in a research report on Wednesday, March 5th. Three 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. According to data from MarketBeat, SEA has an average rating of “Moderate Buy” and an average price target of $116.67.

SEA Stock Up 1.9 %

SE opened at $127.24 on Friday. The stock has a market cap of $72.83 billion, a PE ratio of 848.29 and a beta of 1.62. The company has a quick ratio of 1.60, a current ratio of 1.62 and a debt-to-equity ratio of 0.36. Sea Limited has a 52 week low of $51.70 and a 52 week high of $147.73. The business’s fifty day simple moving average is $123.38 and its 200 day simple moving average is $107.92.

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.