Independent Advisor Alliance Acquires New Holdings in Sea Limited (NYSE:SE)

Independent Advisor Alliance bought a new position in shares of Sea Limited (NYSE:SE) during the 4th quarter, Holdings Channel reports. The institutional investor bought 11,047 shares of the Internet company based in Singapore’s stock, valued at approximately $1,172,000.

A number of other institutional investors have also recently bought and sold shares of SE. Private Trust Co. NA raised its holdings in shares of SEA by 474.4% during the fourth quarter. Private Trust Co. NA now owns 247 shares of the Internet company based in Singapore’s stock worth $26,000 after acquiring an additional 204 shares during the period. Kestra Investment Management LLC acquired a new position in shares of SEA during the 4th quarter worth about $34,000. Truvestments Capital LLC bought a new position in shares of SEA in the 3rd quarter valued at about $41,000. Icon Wealth Advisors LLC acquired a new stake in shares of SEA in the third quarter valued at about $47,000. Finally, Geneos Wealth Management Inc. raised its holdings in SEA by 4,663.6% during the fourth quarter. Geneos Wealth Management Inc. now owns 524 shares of the Internet company based in Singapore’s stock worth $56,000 after acquiring an additional 513 shares in the last quarter. Institutional investors own 59.53% of the company’s stock.

Analyst Upgrades and Downgrades

SE has been the subject of a number of analyst reports. Phillip Securities upgraded SEA from a “moderate sell” rating to a “hold” rating in a research note on Friday, March 7th. JPMorgan Chase & Co. boosted their target price on shares of SEA from $133.00 to $160.00 and gave the stock an “overweight” rating in a report on Wednesday, March 5th. Jefferies Financial Group increased their price target 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. Barclays lifted their price objective 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. Finally, UBS Group upped their target price on shares of SEA from $135.00 to $176.00 and gave the company a “buy” rating in a report on Friday, March 7th. Three equities research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $116.67.

SEA Trading Up 1.9 %

Shares of NYSE:SE opened at $127.24 on Friday. Sea Limited has a 12-month low of $51.70 and a 12-month high of $147.73. The business has a 50 day moving average of $122.96 and a 200-day moving average of $107.43. The company has a quick ratio of 1.60, a current ratio of 1.62 and a debt-to-equity ratio of 0.36. The stock has a market cap of $72.83 billion, a PE ratio of 848.29 and a beta 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.