Skandinaviska Enskilda Banken AB publ Has $6.54 Million Stake in Sea Limited (NYSE:SE)

Skandinaviska Enskilda Banken AB publ grew its stake in Sea Limited (NYSE:SE) by 20.9% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 60,821 shares of the Internet company based in Singapore’s stock after buying an additional 10,500 shares during the period. Skandinaviska Enskilda Banken AB publ’s holdings in SEA were worth $6,537,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Private Trust Co. NA lifted its holdings in SEA by 474.4% in the 4th quarter. Private Trust Co. NA now owns 247 shares of the Internet company based in Singapore’s stock worth $26,000 after purchasing an additional 204 shares during the last quarter. Kestra Investment Management LLC acquired a new stake in shares of SEA in the fourth quarter worth $34,000. Farther Finance Advisors LLC boosted its holdings in shares of SEA by 43.8% during the 4th quarter. Farther Finance Advisors LLC now owns 368 shares of the Internet company based in Singapore’s stock worth $39,000 after buying an additional 112 shares during the period. Truvestments Capital LLC bought a new stake in shares of SEA during the 3rd quarter worth $41,000. Finally, Icon Wealth Advisors LLC acquired a new position in SEA in the 3rd quarter valued at $47,000. Institutional investors own 59.53% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the stock. JPMorgan Chase & Co. upped their price target on shares of SEA from $133.00 to $160.00 and gave the company an “overweight” rating in a report on Wednesday, March 5th. Sanford C. Bernstein set a $145.00 target price on SEA and gave the company an “outperform” rating in a report on Wednesday, March 5th. Jefferies Financial Group lifted their price target on SEA from $131.00 to $157.00 and gave the stock a “buy” rating in a research report on Tuesday, March 4th. UBS Group increased their price objective on SEA from $135.00 to $176.00 and gave the company a “buy” rating in a research report on Friday, March 7th. Finally, Phillip Securities raised shares of SEA from a “moderate sell” rating to a “hold” rating in a research report on Friday, March 7th. Three equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $116.67.

SEA Stock Up 1.9 %

Shares of NYSE SE opened at $127.24 on Friday. The firm has a fifty day simple moving average of $123.38 and a two-hundred day simple moving average of $107.92. The firm has a market capitalization of $72.83 billion, a PE ratio of 848.29 and a beta of 1.62. 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 12 month low of $51.70 and a 12 month high of $147.73.

SEA 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.