Mirabella Financial Services LLP Purchases New Shares in Sea Limited (NYSE:SE)

Mirabella Financial Services LLP acquired a new position in shares of Sea Limited (NYSE:SE) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 31,392 shares of the Internet company based in Singapore’s stock, valued at approximately $3,362,000.

A number of other hedge funds also recently bought and sold shares of SE. M&T Bank Corp lifted its position in shares of SEA by 2,163.9% in the 3rd quarter. M&T Bank Corp now owns 74,505 shares of the Internet company based in Singapore’s stock valued at $7,024,000 after acquiring an additional 71,214 shares in the last quarter. SOA Wealth Advisors LLC. raised its stake in SEA by 33.3% during the 3rd quarter. SOA Wealth Advisors LLC. now owns 600 shares of the Internet company based in Singapore’s stock valued at $57,000 after purchasing an additional 150 shares during the period. Sanctuary Advisors LLC boosted its position in shares of SEA by 14.4% in the third quarter. Sanctuary Advisors LLC now owns 6,214 shares of the Internet company based in Singapore’s stock worth $586,000 after buying an additional 782 shares during the period. Wilmington Savings Fund Society FSB purchased a new position in shares of SEA during the third quarter valued at $290,000. Finally, Tidal Investments LLC grew its holdings in shares of SEA by 1,270.6% during the third quarter. Tidal Investments LLC now owns 109,034 shares of the Internet company based in Singapore’s stock valued at $10,280,000 after buying an additional 101,079 shares in the last quarter. 59.53% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have commented on SE shares. Benchmark raised their price objective on SEA from $130.00 to $150.00 and gave the stock a “buy” rating in a research report on Wednesday, March 5th. Arete Research upgraded shares of SEA to a “strong-buy” rating in a report on Sunday, March 23rd. Phillip Securities upgraded shares of SEA from a “moderate sell” rating to a “hold” rating in a research report on Friday, March 7th. Wedbush restated an “outperform” rating and set a $135.00 price target on shares of SEA in a report on Tuesday. Finally, JPMorgan Chase & Co. downgraded shares of SEA from an “overweight” rating to a “neutral” rating and dropped their price target for the stock from $160.00 to $135.00 in a research note on Wednesday. Four equities research analysts have rated the stock with a hold rating, ten have issued a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat, SEA has an average rating of “Moderate Buy” and an average target price of $121.73.

SEA Stock Performance

Shares of NYSE SE opened at $120.97 on Friday. The business’s 50-day simple moving average is $126.40 and its 200-day simple moving average is $114.93. Sea Limited has a 52 week low of $55.00 and a 52 week high of $147.73. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.60 and a current ratio of 1.62. The firm has a market cap of $69.24 billion, a price-to-earnings ratio of 806.49 and a beta of 1.73.

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.