Trivest Advisors Ltd Boosts Stake in Sea Limited (NYSE:SE)

Trivest Advisors Ltd increased its stake in shares of Sea Limited (NYSE:SE) by 1,083.3% in the fourth quarter, Holdings Channel reports. The firm owned 710,000 shares of the Internet company based in Singapore’s stock after buying an additional 650,000 shares during the quarter. SEA accounts for approximately 3.4% of Trivest Advisors Ltd’s holdings, making the stock its 10th biggest holding. Trivest Advisors Ltd’s holdings in SEA were worth $75,331,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Perpetual Ltd raised its holdings in SEA by 3,033.0% in the fourth quarter. Perpetual Ltd now owns 2,098,003 shares of the Internet company based in Singapore’s stock worth $222,598,000 after purchasing an additional 2,031,038 shares during the period. Ninety One UK Ltd increased its position in shares of SEA by 1,673.2% in 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 buying an additional 1,173,738 shares in the last quarter. M&T Bank Corp raised its stake 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 worth $7,024,000 after buying an additional 71,214 shares during the period. PNC Financial Services Group Inc. lifted its holdings in SEA by 322.8% during the third quarter. PNC Financial Services Group Inc. now owns 37,327 shares of the Internet company based in Singapore’s stock worth $3,519,000 after acquiring an additional 28,499 shares in the last quarter. Finally, SeaTown Holdings Pte. Ltd. acquired a new position in SEA in the fourth quarter valued at about $4,821,000. Institutional investors own 59.53% of the company’s stock.

Analyst Upgrades and Downgrades

SE has been the topic of a number of research analyst reports. UBS Group raised their price target on SEA from $135.00 to $176.00 and gave the stock a “buy” rating in a research report on Friday, March 7th. Sanford C. Bernstein set a $145.00 target price on shares of SEA and gave the stock an “outperform” rating in a report on Wednesday, March 5th. Jefferies Financial Group upped their price target on shares of SEA from $131.00 to $157.00 and gave the company a “buy” rating in a report on Tuesday, March 4th. Phillip Securities raised shares of SEA from a “moderate sell” rating to a “hold” rating in a research report on Friday, March 7th. Finally, Benchmark upped their target price on shares of SEA from $130.00 to $150.00 and gave the stock a “buy” rating in a research note on Wednesday, March 5th. Three 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 stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $116.67.

SEA Price Performance

Shares of NYSE SE opened at $125.17 on Wednesday. Sea Limited has a fifty-two week low of $51.70 and a fifty-two week high of $147.73. The stock has a market capitalization of $71.64 billion, a price-to-earnings ratio of 834.47 and a beta of 1.61. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.62 and a quick ratio of 1.60. The business has a 50-day moving average of $124.24 and a 200-day moving average of $108.83.

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.