Trivest Advisors Ltd lessened its stake in shares of Sea Limited Sponsored ADR (NYSE:SE – Free Report) by 9.9% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 640,000 shares of the Internet company based in Singapore’s stock after selling 70,000 shares during the quarter. SEA accounts for about 7.1% of Trivest Advisors Ltd’s investment portfolio, making the stock its 6th largest position. Trivest Advisors Ltd owned 0.11% of SEA worth $83,514,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds and other institutional investors have also modified their holdings of the company. Stonekeep Investments LLC increased its holdings in SEA by 4.0% during the 1st quarter. Stonekeep Investments LLC now owns 3,565 shares of the Internet company based in Singapore’s stock valued at $465,000 after purchasing an additional 137 shares in the last quarter. Norden Group LLC increased its holdings in SEA by 29.3% during the 1st quarter. Norden Group LLC now owns 3,899 shares of the Internet company based in Singapore’s stock valued at $509,000 after purchasing an additional 883 shares in the last quarter. University of Texas Texas AM Investment Management Co. increased its holdings in SEA by 64.5% during the 1st quarter. University of Texas Texas AM Investment Management Co. now owns 24,137 shares of the Internet company based in Singapore’s stock valued at $3,150,000 after purchasing an additional 9,463 shares in the last quarter. LPL Financial LLC increased its holdings in SEA by 25.8% during the 1st quarter. LPL Financial LLC now owns 262,394 shares of the Internet company based in Singapore’s stock valued at $34,240,000 after purchasing an additional 53,757 shares in the last quarter. Finally, HB Wealth Management LLC acquired a new stake in SEA during the 1st quarter valued at $286,000. Institutional investors own 59.53% of the company’s stock.
SEA Stock Up 2.0%
Shares of SEA stock opened at $160.79 on Tuesday. The company has a quick ratio of 1.49, a current ratio of 1.51 and a debt-to-equity ratio of 0.18. Sea Limited Sponsored ADR has a 12 month low of $55.00 and a 12 month high of $172.65. The business has a fifty day simple moving average of $158.31 and a 200 day simple moving average of $138.40. The stock has a market cap of $94.72 billion, a PE ratio of 113.23 and a beta of 1.60.
Wall Street Analyst Weigh In
A number of equities research analysts recently weighed in on the company. Loop Capital reaffirmed a “buy” rating and set a $190.00 price target (up from $165.00) on shares of SEA in a report on Thursday, May 29th. Barclays lifted their target price on SEA from $182.00 to $200.00 and gave the company an “overweight” rating in a research note on Thursday, May 15th. JPMorgan Chase & Co. raised SEA from a “neutral” rating to an “overweight” rating and lifted their target price for the company from $135.00 to $190.00 in a research note on Tuesday, May 13th. Sanford C. Bernstein reissued an “outperform” rating and issued a $170.00 target price on shares of SEA in a research note on Wednesday, May 14th. Finally, Wall Street Zen cut SEA from a “buy” rating to a “hold” rating in a research note on Saturday, July 12th. Four research analysts have rated the stock with a hold rating, eight have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat, SEA has an average rating of “Moderate Buy” and a consensus price target of $159.82.
View Our Latest Stock Report on SE
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.
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