CIBC Private Wealth Group LLC Raises Holdings in Sea Limited (NYSE:SE)

CIBC Private Wealth Group LLC grew its stake in Sea Limited (NYSE:SE) by 59,055.6% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 5,324 shares of the Internet company based in Singapore’s stock after buying an additional 5,315 shares during the quarter. CIBC Private Wealth Group LLC’s holdings in SEA were worth $582,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Farther Finance Advisors LLC raised its holdings in shares of 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 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 acquiring an additional 150 shares during the last quarter. TD Private Client Wealth LLC lifted its position in SEA by 33.7% during the 3rd quarter. TD Private Client Wealth LLC now owns 603 shares of the Internet company based in Singapore’s stock worth $57,000 after acquiring an additional 152 shares during the period. Ballentine Partners LLC grew its stake in shares of SEA by 5.6% in the 4th quarter. Ballentine Partners LLC now owns 2,970 shares of the Internet company based in Singapore’s stock valued at $315,000 after purchasing an additional 158 shares during the last quarter. Finally, Integrated Wealth Concepts LLC increased its holdings in shares of SEA by 2.6% in the third quarter. Integrated Wealth Concepts LLC now owns 6,357 shares of the Internet company based in Singapore’s stock valued at $599,000 after purchasing an additional 160 shares during the period. 59.53% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts have recently commented on SE shares. Phillip Securities upgraded shares of SEA from a “moderate sell” rating to a “hold” rating in a research note on Friday, March 7th. JPMorgan Chase & Co. boosted their target price on SEA from $133.00 to $160.00 and gave the stock an “overweight” rating in a research report on Wednesday, March 5th. Loop Capital lifted their price target on SEA from $135.00 to $165.00 and gave the company a “buy” rating in a research note on Monday, March 31st. Jefferies Financial Group increased their price objective on SEA from $131.00 to $157.00 and gave the stock a “buy” rating in a research report on Tuesday, March 4th. Finally, Arete Research upgraded shares of SEA to a “strong-buy” rating in a report on Sunday, March 23rd. Three research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $121.40.

SEA Trading Down 11.6 %

SEA stock opened at $106.18 on Friday. 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 1 year low of $51.70 and a 1 year high of $147.73. The firm has a market cap of $60.77 billion, a price-to-earnings ratio of 707.88 and a beta of 1.73. The firm’s 50 day moving average price is $128.04 and its two-hundred day moving average price is $112.83.

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.