Navellier & Associates Inc. Takes Position in Sea Limited (NYSE:SE)

Navellier & Associates Inc. bought a new stake in Sea Limited (NYSE:SE) in the 4th quarter, Holdings Channel.com reports. The firm bought 21,012 shares of the Internet company based in Singapore’s stock, valued at approximately $2,229,000.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Rosenberg Matthew Hamilton increased its position in SEA by 213.7% in the 3rd quarter. Rosenberg Matthew Hamilton now owns 298 shares of the Internet company based in Singapore’s stock valued at $28,000 after acquiring an additional 203 shares during the period. Kestra Investment Management LLC acquired a new position in SEA in the 4th quarter valued at about $34,000. Truvestments Capital LLC acquired a new position in SEA in the 3rd quarter valued at about $41,000. Icon Wealth Advisors LLC acquired a new position in SEA in the 3rd quarter valued at about $47,000. Finally, Geneos Wealth Management Inc. increased its position in SEA by 4,663.6% in the 4th quarter. Geneos Wealth Management Inc. now owns 524 shares of the Internet company based in Singapore’s stock valued at $56,000 after acquiring an additional 513 shares during the period. 59.53% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on SE. Barclays boosted their price target on SEA from $94.00 to $131.00 and gave the company an “overweight” rating in a research report on Thursday, November 14th. Benchmark boosted their price target on SEA from $94.00 to $130.00 and gave the company a “buy” rating in a research report on Wednesday, November 13th. Wedbush reiterated an “outperform” rating and set a $105.00 target price (up previously from $84.00) on shares of SEA in a research report on Monday, November 4th. Phillip Securities reiterated a “reduce” rating and set a $100.00 target price (up previously from $80.00) on shares of SEA in a research report on Tuesday, November 19th. Finally, Dbs Bank upgraded SEA from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, November 13th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $91.21.

SEA Price Performance

Shares of NYSE:SE opened at $128.70 on Friday. The business’s 50 day simple moving average is $117.34 and its 200-day simple moving average is $102.00. The firm has a market capitalization of $73.66 billion, a price-to-earnings ratio of 858.00 and a beta of 1.55. 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 12 month low of $43.27 and a 12 month high of $139.18.

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.