Apis Capital Advisors LLC Makes New Investment in Sea Limited (NYSE:SE)

Apis Capital Advisors LLC purchased a new stake in shares of Sea Limited (NYSE:SE - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 37,000 shares of the Internet company based in Singapore's stock, valued at approximately $3,926,000. SEA accounts for about 2.6% of Apis Capital Advisors LLC's portfolio, making the stock its 11th biggest position.

Other large investors have also made changes to their positions in the company. Farther Finance Advisors LLC raised its stake in SEA by 43.8% during 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 purchasing an additional 112 shares during the period. SOA Wealth Advisors LLC. grew its holdings in SEA by 25.0% during the 4th quarter. SOA Wealth Advisors LLC. now owns 750 shares of the Internet company based in Singapore's stock valued at $80,000 after buying an additional 150 shares in the last quarter. Ballentine Partners LLC raised its position in shares of SEA by 5.6% during the fourth quarter. Ballentine Partners LLC now owns 2,970 shares of the Internet company based in Singapore's stock valued at $315,000 after buying an additional 158 shares during the last quarter. Roberts Wealth Advisors LLC lifted its holdings in shares of SEA by 0.7% in the fourth quarter. Roberts Wealth Advisors LLC now owns 23,477 shares of the Internet company based in Singapore's stock worth $2,602,000 after buying an additional 161 shares in the last quarter. Finally, Moseley Investment Management Inc. boosted its position in shares of SEA by 4.3% during the fourth quarter. Moseley Investment Management Inc. now owns 3,870 shares of the Internet company based in Singapore's stock worth $411,000 after acquiring an additional 161 shares during the last quarter. 59.53% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have commented on SE shares. Wedbush reiterated an "outperform" rating and issued a $135.00 price target on shares of SEA in a research note on Tuesday, April 15th. Jefferies Financial Group increased their price target on SEA from $131.00 to $157.00 and gave the company a "buy" rating in a research note on Tuesday, March 4th. Sanford C. Bernstein set a $145.00 price objective on SEA and gave the stock an "outperform" rating in a report on Wednesday, March 5th. Loop Capital raised their target price on shares of SEA from $135.00 to $165.00 and gave the company a "buy" rating in a report on Monday, March 31st. Finally, Phillip Securities raised shares of SEA from a "moderate sell" rating to a "hold" rating in a research note on Friday, March 7th. Four equities research analysts have rated the stock with a hold rating, nine have given a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $125.43.

SEA Trading Up 0.5 %

Shares of NYSE SE traded up $0.75 during midday trading on Monday, hitting $142.53. The company's stock had a trading volume of 2,556,571 shares, compared to its average volume of 4,560,104. Sea Limited has a 12-month low of $55.00 and a 12-month high of $147.73. The company has a current ratio of 1.62, a quick ratio of 1.60 and a debt-to-equity ratio of 0.36. The firm has a market cap of $83.97 billion, a P/E ratio of 950.20 and a beta of 1.70. The business's 50 day moving average is $125.98 and its two-hundred day moving average is $117.55.

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.