244,880 Shares in Sea Limited (NYSE:SE) Acquired by Wealthfront Advisers LLC

Wealthfront Advisers LLC purchased a new stake in Sea Limited (NYSE:SE) in the 4th quarter, according to its most recent filing with the SEC. The fund purchased 244,880 shares of the Internet company based in Singapore’s stock, valued at approximately $24,361,000.

Several other institutional investors also recently made changes to their positions in SE. Assetmark Inc. grew its stake in shares of SEA by 24.7% during the third quarter. Assetmark Inc. now owns 1,427 shares of the Internet company based in Singapore’s stock valued at $135,000 after acquiring an additional 283 shares in the last quarter. Atria Investments Inc raised its holdings in shares of SEA by 262.5% during the third quarter. Atria Investments Inc now owns 14,621 shares of the Internet company based in Singapore’s stock valued at $1,378,000 after buying an additional 10,588 shares during the last quarter. Mesirow Financial Investment Management Inc. bought a new stake in shares of SEA during the third quarter valued at approximately $438,000. Crossmark Global Holdings Inc. bought a new stake in shares of SEA during the third quarter valued at approximately $1,488,000. Finally, Venturi Wealth Management LLC increased its stake in shares of SEA by 7,589.7% during the third quarter. Venturi Wealth Management LLC now owns 5,229 shares of the Internet company based in Singapore’s stock valued at $493,000 after acquiring an additional 5,161 shares during the period. 59.53% of the stock is owned by hedge funds and other institutional investors.

SEA Stock Performance

Shares of SEA stock opened at $127.62 on Wednesday. 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 twelve month low of $51.70 and a twelve month high of $147.73. The stock has a market cap of $73.04 billion, a price-to-earnings ratio of 850.83 and a beta of 1.62. The company’s fifty day moving average is $121.66 and its 200 day moving average is $106.85.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on SE. Benchmark raised their price objective on shares of SEA from $130.00 to $150.00 and gave the company a “buy” rating in a research note on Wednesday, March 5th. JPMorgan Chase & Co. raised 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. Dbs Bank raised shares of SEA from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, November 13th. UBS Group lifted 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. Finally, Jefferies Financial Group lifted their price objective on shares of SEA from $131.00 to $157.00 and gave the company a “buy” rating in a research note on Tuesday, March 4th. Three equities research analysts have rated the stock with a hold rating, eleven have issued 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 a consensus price target of $116.67.

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.