Addison Capital Co Acquires 270 Shares of Sea Limited (NYSE:SE)

Addison Capital Co grew its stake in shares of Sea Limited (NYSE:SE) by 0.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 39,321 shares of the Internet company based in Singapore’s stock after acquiring an additional 270 shares during the period. SEA accounts for approximately 1.7% of Addison Capital Co’s portfolio, making the stock its 16th largest holding. Addison Capital Co’s holdings in SEA were worth $4,172,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in the stock. Private Trust Co. NA boosted 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 valued at $26,000 after purchasing an additional 204 shares during the period. Kestra Investment Management LLC purchased a new stake in shares of SEA in the 4th quarter valued at about $34,000. Farther Finance Advisors LLC boosted its position 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 valued at $39,000 after acquiring an additional 112 shares during the last quarter. Truvestments Capital LLC bought a new position in shares of SEA in the third quarter worth approximately $41,000. Finally, Icon Wealth Advisors LLC purchased a new stake in SEA in the third quarter valued at approximately $47,000. 59.53% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

SE has been the topic of several research reports. UBS Group raised their price objective on shares of SEA from $135.00 to $176.00 and gave the company a “buy” rating in a research report on Friday, March 7th. Jefferies Financial Group raised their price objective on SEA from $131.00 to $157.00 and gave the company a “buy” rating in a report on Tuesday, March 4th. Phillip Securities upgraded shares of SEA from a “moderate sell” rating to a “hold” rating in a research report on Friday, March 7th. Benchmark upped their price objective on shares of SEA from $130.00 to $150.00 and gave the company a “buy” rating in a research note on Wednesday, March 5th. Finally, JPMorgan Chase & Co. boosted their price target on shares of SEA from $133.00 to $160.00 and gave the stock an “overweight” rating in a research note on Wednesday, March 5th. Three investment analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $116.67.

SEA Stock Up 1.9 %

Shares of NYSE:SE opened at $127.24 on Monday. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.60 and a current ratio of 1.62. Sea Limited has a 52-week low of $51.70 and a 52-week high of $147.73. The firm has a market capitalization of $72.83 billion, a P/E ratio of 848.29 and a beta of 1.62. The stock has a 50 day moving average price of $123.38 and a 200-day moving average price of $108.11.

SEA Company 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.