Independent Advisor Alliance Invests $1.17 Million in Sea Limited (NYSE:SE)

Independent Advisor Alliance purchased a new stake in shares of Sea Limited (NYSE:SE) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 11,047 shares of the Internet company based in Singapore’s stock, valued at approximately $1,172,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in SE. Daiwa Securities Group Inc. boosted its stake in SEA by 2.4% in the fourth quarter. Daiwa Securities Group Inc. now owns 34,447 shares of the Internet company based in Singapore’s stock worth $3,655,000 after purchasing an additional 800 shares in the last quarter. Personal CFO Solutions LLC raised its holdings in shares of SEA by 24.4% in the fourth quarter. Personal CFO Solutions LLC now owns 15,607 shares of the Internet company based in Singapore’s stock valued at $1,656,000 after buying an additional 3,062 shares during the last quarter. Dorsey & Whitney Trust CO LLC acquired a new position in SEA during the 4th quarter worth about $206,000. PNC Financial Services Group Inc. grew its holdings in SEA by 1.0% during the 4th quarter. PNC Financial Services Group Inc. now owns 37,701 shares of the Internet company based in Singapore’s stock worth $4,000,000 after acquiring an additional 374 shares during the last quarter. Finally, Bank Julius Baer & Co. Ltd Zurich acquired a new stake in SEA in the 4th quarter valued at about $1,562,000. 59.53% of the stock is currently owned by institutional investors and hedge funds.

SEA Stock Up 1.9 %

Shares of NYSE SE opened at $127.24 on Friday. Sea Limited has a 52-week low of $51.70 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 stock has a market cap of $72.83 billion, a P/E ratio of 848.29 and a beta of 1.62. The firm has a 50 day moving average price of $122.96 and a 200 day moving average price of $107.43.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on SE. Barclays upped their target price on shares of SEA from $148.00 to $182.00 and gave the stock an “overweight” rating in a research report on Friday, March 7th. Jefferies Financial Group increased their price objective on SEA from $131.00 to $157.00 and gave the company a “buy” rating in a research report on Tuesday, March 4th. Sanford C. Bernstein set a $145.00 target price on SEA and gave the company an “outperform” rating in a research note on Wednesday, March 5th. UBS Group upped their price target on SEA from $135.00 to $176.00 and gave the company a “buy” rating in a research note on Friday, March 7th. Finally, Phillip Securities upgraded SEA from a “moderate sell” rating to a “hold” rating in a research report on Friday, March 7th. Three analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $116.67.

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.