Sea Limited (NYSE:SE) Shares Acquired by DnB Asset Management AS

DnB Asset Management AS lifted its holdings in shares of Sea Limited (NYSE:SE) by 10.2% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 60,836 shares of the Internet company based in Singapore’s stock after buying an additional 5,646 shares during the period. DnB Asset Management AS’s holdings in SEA were worth $6,455,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Private Trust Co. NA lifted its stake in SEA by 474.4% in the fourth quarter. Private Trust Co. NA now owns 247 shares of the Internet company based in Singapore’s stock valued at $26,000 after buying an additional 204 shares during the last quarter. Kestra Investment Management LLC acquired a new position in SEA during the 4th quarter valued at about $34,000. Farther Finance Advisors LLC grew its position in SEA by 43.8% in the 4th 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. Geneos Wealth Management Inc. increased its stake in shares of 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 valued at $56,000 after purchasing an additional 513 shares during the period. Finally, SOA Wealth Advisors LLC. raised its holdings in shares of SEA by 33.3% during the third quarter. SOA Wealth Advisors LLC. now owns 600 shares of the Internet company based in Singapore’s stock valued at $57,000 after buying an additional 150 shares during the last quarter. Institutional investors and hedge funds own 59.53% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently commented on the company. Benchmark raised their target price on SEA from $130.00 to $150.00 and gave the company a “buy” rating in a research report on Wednesday, March 5th. Barclays raised their price target on SEA from $148.00 to $182.00 and gave the company an “overweight” rating in a report on Friday, March 7th. Arete Research upgraded shares of SEA to a “strong-buy” rating in a research note on Sunday, March 23rd. UBS Group increased 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. Finally, Sanford C. Bernstein set a $145.00 price target on shares of SEA and gave the stock an “outperform” rating in a research report on Wednesday, March 5th. Three analysts have rated the stock with a hold rating, eleven have given a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $116.67.

SEA Trading Down 2.0 %

SEA stock opened at $130.96 on Monday. Sea Limited has a 1 year low of $51.70 and a 1 year high of $147.73. The firm’s 50 day moving average price is $127.28 and its two-hundred day moving average price is $111.72. The firm has a market cap of $74.95 billion, a price-to-earnings ratio of 873.05 and a beta of 1.62. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.60 and a current ratio of 1.62.

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.