GC Wealth Management RIA LLC Acquires New Position in Sea Limited (NYSE:SE)

GC Wealth Management RIA LLC acquired a new stake in shares of Sea Limited (NYSE:SE) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm acquired 3,215 shares of the Internet company based in Singapore’s stock, valued at approximately $341,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in SE. Perpetual Ltd increased its position in SEA by 3,033.0% during the 4th quarter. Perpetual Ltd now owns 2,098,003 shares of the Internet company based in Singapore’s stock valued at $222,598,000 after purchasing an additional 2,031,038 shares during the period. Ninety One UK Ltd increased its position in SEA by 1,673.2% during the 4th quarter. Ninety One UK Ltd now owns 1,243,888 shares of the Internet company based in Singapore’s stock valued at $131,977,000 after purchasing an additional 1,173,738 shares during the period. M&T Bank Corp increased its position in SEA by 2,163.9% during the 3rd quarter. M&T Bank Corp now owns 74,505 shares of the Internet company based in Singapore’s stock valued at $7,024,000 after purchasing an additional 71,214 shares during the period. Atria Investments Inc increased its position in SEA by 262.5% during the 3rd quarter. Atria Investments Inc now owns 14,621 shares of the Internet company based in Singapore’s stock valued at $1,378,000 after purchasing an additional 10,588 shares during the period. Finally, PNC Financial Services Group Inc. increased its position in SEA by 322.8% during the 3rd quarter. PNC Financial Services Group Inc. now owns 37,327 shares of the Internet company based in Singapore’s stock valued at $3,519,000 after purchasing an additional 28,499 shares during the period. Institutional investors own 59.53% of the company’s stock.

SEA Stock Up 0.2 %

NYSE:SE opened at $127.62 on Wednesday. The company has a current ratio of 1.62, a quick ratio of 1.60 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 company’s 50 day moving average is $121.66 and its two-hundred day moving average is $106.85. The company has a market cap of $73.04 billion, a PE ratio of 850.83 and a beta of 1.62.

Analyst Ratings Changes

A number of research analysts have commented on SE shares. Barclays raised their target price on shares of SEA from $148.00 to $182.00 and gave the company an “overweight” rating in a research report on Friday, March 7th. Benchmark lifted their price objective on shares of SEA from $130.00 to $150.00 and gave the stock a “buy” rating in a research report on Wednesday, March 5th. UBS Group lifted their price objective on shares of SEA from $135.00 to $176.00 and gave the stock a “buy” rating in a research report on Friday, March 7th. JPMorgan Chase & Co. lifted their price objective on shares of SEA from $133.00 to $160.00 and gave the stock an “overweight” rating in a research report on Wednesday, March 5th. Finally, Jefferies Financial Group lifted their price objective on shares of SEA from $131.00 to $157.00 and gave the stock a “buy” rating in a research report on Tuesday, March 4th. Three analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, SEA presently has a consensus rating of “Moderate Buy” and an average target price 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.