OPTIMAS CAPITAL Ltd Takes $4.27 Million Position in Sea Limited (NYSE:SE)

OPTIMAS CAPITAL Ltd purchased a new stake in Sea Limited (NYSE:SE) during the 4th quarter, Holdings Channel reports. The firm purchased 40,273 shares of the Internet company based in Singapore’s stock, valued at approximately $4,273,000. SEA accounts for about 5.8% of OPTIMAS CAPITAL Ltd’s holdings, making the stock its 5th largest position.

Other large investors have also modified their holdings of the company. Farther Finance Advisors LLC raised its holdings in SEA by 43.8% in 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. SOA Wealth Advisors LLC. increased its holdings in shares of 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 worth $57,000 after buying an additional 150 shares during the last quarter. TD Private Client Wealth LLC increased its holdings in shares of 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 buying an additional 152 shares during the last quarter. Ballentine Partners LLC increased its holdings in shares of SEA by 5.6% during the 4th quarter. Ballentine Partners LLC now owns 2,970 shares of the Internet company based in Singapore’s stock worth $315,000 after buying an additional 158 shares during the last quarter. Finally, Integrated Wealth Concepts LLC increased its holdings in shares of SEA by 2.6% during the 3rd quarter. Integrated Wealth Concepts LLC now owns 6,357 shares of the Internet company based in Singapore’s stock worth $599,000 after buying an additional 160 shares during the last quarter. 59.53% of the stock is currently owned by institutional investors and hedge funds.

SEA Trading Up 3.9 %

Shares of SEA stock opened at $132.40 on Tuesday. The firm has a market capitalization of $75.78 billion, a PE ratio of 882.69 and a beta of 1.62. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.62 and a quick ratio of 1.60. The company’s fifty day moving average price is $123.86 and its two-hundred day moving average price is $108.50. Sea Limited has a 52-week low of $51.70 and a 52-week high of $147.73.

Wall Street Analyst Weigh In

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

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.