Qtron Investments LLC Makes New $299,000 Investment in Sea Limited (NYSE:SE)

Qtron Investments LLC acquired a new stake in shares of Sea Limited (NYSE:SE) in the fourth quarter, HoldingsChannel.com reports. The institutional investor acquired 2,815 shares of the Internet company based in Singapore’s stock, valued at approximately $299,000.

Other large investors have also modified their holdings of the company. Private Trust Co. NA increased its stake in SEA by 474.4% during the fourth quarter. Private Trust Co. NA now owns 247 shares of the Internet company based in Singapore’s stock worth $26,000 after acquiring an additional 204 shares during the last quarter. Kestra Investment Management LLC acquired a new stake in SEA during the 4th quarter worth approximately $34,000. Farther Finance Advisors LLC raised its holdings in SEA by 43.8% in the fourth quarter. Farther Finance Advisors LLC now owns 368 shares of the Internet company based in Singapore’s stock valued at $39,000 after buying an additional 112 shares during the period. Huntington National Bank lifted its position in SEA by 783.6% during the fourth quarter. Huntington National Bank now owns 486 shares of the Internet company based in Singapore’s stock valued at $52,000 after buying an additional 431 shares in the last quarter. Finally, Geneos Wealth Management Inc. grew its stake in SEA by 4,663.6% during the fourth quarter. Geneos Wealth Management Inc. now owns 524 shares of the Internet company based in Singapore’s stock worth $56,000 after buying an additional 513 shares during the period. 59.53% of the stock is currently owned by hedge funds and other institutional investors.

SEA Stock Up 2.2 %

Shares of SEA stock opened at $117.86 on Monday. The business has a 50-day moving average price of $126.87 and a 200 day moving average price of $114.20. Sea Limited has a fifty-two week low of $51.70 and a fifty-two week high of $147.73. The firm has a market cap of $67.46 billion, a P/E ratio of 785.73 and a beta of 1.73. The company has a quick ratio of 1.60, a current ratio of 1.62 and a debt-to-equity ratio of 0.36.

Analyst Upgrades and Downgrades

SE has been the topic of several recent research reports. Sanford C. Bernstein set a $145.00 target price on shares of SEA and gave the company an “outperform” rating in a report on Wednesday, March 5th. Benchmark upped their target price on SEA from $130.00 to $150.00 and gave the stock a “buy” rating in a research report on Wednesday, March 5th. Loop Capital raised their target price on SEA from $135.00 to $165.00 and gave the company a “buy” rating in a report on Monday, March 31st. Jefferies Financial Group boosted 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. Finally, JPMorgan Chase & Co. increased their price objective on shares of SEA from $133.00 to $160.00 and gave the company an “overweight” rating in a research report on Wednesday, March 5th. Three analysts have rated the stock with a hold rating, eleven have issued a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $121.40.

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.