Sea Limited (NYSE:SE) Shares Bought by Avantax Advisory Services Inc.

Avantax Advisory Services Inc. boosted its stake in shares of Sea Limited (NYSE:SE) by 12.0% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 20,279 shares of the Internet company based in Singapore’s stock after purchasing an additional 2,166 shares during the quarter. Avantax Advisory Services Inc.’s holdings in SEA were worth $2,152,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in SE. Assetmark Inc. grew its position in SEA by 24.7% during the third quarter. Assetmark Inc. now owns 1,427 shares of the Internet company based in Singapore’s stock worth $135,000 after buying an additional 283 shares during the period. Atria Investments Inc grew its position in SEA by 262.5% during the third quarter. Atria Investments Inc now owns 14,621 shares of the Internet company based in Singapore’s stock worth $1,378,000 after buying an additional 10,588 shares during the period. Metis Global Partners LLC acquired a new position in SEA during the third quarter worth about $254,000. OneDigital Investment Advisors LLC grew its position in SEA by 45.7% during the third quarter. OneDigital Investment Advisors LLC now owns 6,190 shares of the Internet company based in Singapore’s stock worth $584,000 after buying an additional 1,942 shares during the period. Finally, CIBC Asset Management Inc grew its position in SEA by 6.6% during the third quarter. CIBC Asset Management Inc now owns 35,699 shares of the Internet company based in Singapore’s stock worth $3,366,000 after buying an additional 2,206 shares during the period. 59.53% of the stock is currently owned by institutional investors and hedge funds.

SEA Stock Performance

NYSE:SE opened at $127.24 on Monday. 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 company has a market cap of $72.83 billion, a P/E ratio of 848.29 and a beta of 1.62. Sea Limited has a fifty-two week low of $51.70 and a fifty-two week high of $147.73. The firm’s 50 day moving average is $123.38 and its two-hundred day moving average is $108.11.

Analysts Set New Price Targets

SE has been the topic of several recent research reports. Phillip Securities raised shares of SEA from a “moderate sell” rating to a “hold” rating in a report on Friday, March 7th. UBS Group upped their price target on shares of SEA from $135.00 to $176.00 and gave the company a “buy” rating in a report on Friday, March 7th. Sanford C. Bernstein set a $145.00 price target on shares of SEA and gave the company an “outperform” rating in a report on Wednesday, March 5th. Barclays upped their price target on shares of SEA from $148.00 to $182.00 and gave the company an “overweight” rating in a report on Friday, March 7th. Finally, 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. Three 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, SEA currently has an average rating of “Moderate Buy” and a consensus price target of $116.67.

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.