Thoroughbred Financial Services LLC Acquires 4,070 Shares of Sea Limited (NYSE:SE)

Thoroughbred Financial Services LLC increased its stake in shares of Sea Limited (NYSE:SE) by 21.0% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 23,426 shares of the Internet company based in Singapore’s stock after buying an additional 4,070 shares during the quarter. Thoroughbred Financial Services LLC’s holdings in SEA were worth $2,485,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in SE. Private Trust Co. NA grew its position in SEA by 474.4% in the fourth quarter. Private Trust Co. NA now owns 247 shares of the Internet company based in Singapore’s stock valued at $26,000 after acquiring an additional 204 shares during the last quarter. Kestra Investment Management LLC bought a new stake in shares of SEA during the 4th quarter valued at approximately $34,000. Farther Finance Advisors LLC increased its position in 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 purchasing an additional 112 shares in the last quarter. Huntington National Bank lifted its stake in SEA by 783.6% in the 4th quarter. Huntington National Bank now owns 486 shares of the Internet company based in Singapore’s stock valued at $52,000 after purchasing an additional 431 shares during the last quarter. Finally, Geneos Wealth Management Inc. boosted its position in SEA by 4,663.6% in the fourth quarter. Geneos Wealth Management Inc. now owns 524 shares of the Internet company based in Singapore’s stock valued at $56,000 after buying an additional 513 shares in the last quarter. Institutional investors own 59.53% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently issued reports on SE. Phillip Securities upgraded shares of SEA from a “moderate sell” rating to a “hold” rating in a report on Friday, March 7th. UBS Group upped their target price on SEA from $135.00 to $176.00 and gave the stock a “buy” rating in a report on Friday, March 7th. Barclays lifted their price target on SEA from $148.00 to $182.00 and gave the company an “overweight” rating in a research note on Friday, March 7th. Loop Capital upped their price objective on SEA from $135.00 to $165.00 and gave the company a “buy” rating in a research note on Monday, March 31st. Finally, Jefferies Financial Group raised their price objective 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 investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, SEA currently has an average rating of “Moderate Buy” and an average target price of $121.40.

SEA Trading Down 11.6 %

NYSE SE opened at $106.18 on Friday. The stock has a market capitalization of $60.77 billion, a P/E ratio of 707.88 and a beta of 1.73. The business has a 50 day simple moving average of $128.04 and a 200 day simple moving average of $112.83. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.62 and a quick ratio of 1.60. Sea Limited has a one year low of $51.70 and a one year 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.