Wealth Alliance Has $424,000 Stake in Sea Limited (NYSE:SE)

Wealth Alliance reduced its holdings in Sea Limited (NYSE:SE) by 3.4% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 3,998 shares of the Internet company based in Singapore’s stock after selling 140 shares during the period. Wealth Alliance’s holdings in SEA were worth $424,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Rosenberg Matthew Hamilton grew its position in shares of SEA by 213.7% during the 3rd quarter. Rosenberg Matthew Hamilton now owns 298 shares of the Internet company based in Singapore’s stock worth $28,000 after buying an additional 203 shares during the period. Kestra Investment Management LLC bought a new position in SEA during the 4th quarter worth approximately $34,000. Truvestments Capital LLC acquired a new position in SEA during the third quarter valued at approximately $41,000. Icon Wealth Advisors LLC bought a new stake in SEA in the third quarter valued at approximately $47,000. Finally, Geneos Wealth Management Inc. raised its holdings in SEA by 4,663.6% in the fourth quarter. Geneos Wealth Management Inc. now owns 524 shares of the Internet company based in Singapore’s stock worth $56,000 after purchasing an additional 513 shares during the period. 59.53% of the stock is owned by institutional investors.

SEA Stock Performance

Shares of SE opened at $128.70 on Friday. The stock has a market capitalization of $73.66 billion, a price-to-earnings ratio of 858.00 and a beta of 1.55. Sea Limited has a 12 month low of $43.27 and a 12 month high of $139.18. The firm has a fifty day simple moving average of $117.34 and a 200 day simple moving average of $102.00. The company has a current ratio of 1.62, a quick ratio of 1.60 and a debt-to-equity ratio of 0.36.

Analysts Set New Price Targets

SE has been the subject of a number of recent analyst reports. Barclays upped their price objective on shares of SEA from $94.00 to $131.00 and gave the company an “overweight” rating in a research report on Thursday, November 14th. TD Cowen increased their price target on SEA from $69.00 to $100.00 and gave the stock a “hold” rating in a report on Wednesday, November 13th. Wedbush reaffirmed an “outperform” rating and set a $105.00 price target (up previously from $84.00) on shares of SEA in a research report on Monday, November 4th. Dbs Bank upgraded SEA from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, November 13th. Finally, Phillip Securities restated a “reduce” rating and set a $100.00 target price (up from $80.00) on shares of SEA in a report on Tuesday, November 19th. One research analyst has rated the stock with a sell rating, two have given a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $91.21.

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.