MGO One Seven LLC Makes New Investment in Sea Limited (NYSE:SE)

MGO One Seven LLC bought a new stake in shares of Sea Limited (NYSE:SE - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 3,055 shares of the Internet company based in Singapore's stock, valued at approximately $324,000.

Several other hedge funds have also recently modified their holdings of the stock. Private Trust Co. NA boosted its position in shares of SEA by 474.4% during the 4th quarter. Private Trust Co. NA now owns 247 shares of the Internet company based in Singapore's stock valued at $26,000 after acquiring an additional 204 shares during the last quarter. Kestra Investment Management LLC purchased a new position in SEA during the fourth quarter worth $34,000. Farther Finance Advisors LLC lifted its holdings in shares of 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 worth $39,000 after acquiring an additional 112 shares during the last quarter. Huntington National Bank grew its holdings in SEA by 783.6% during the 4th quarter. Huntington National Bank now owns 486 shares of the Internet company based in Singapore's stock valued at $52,000 after purchasing an additional 431 shares during the last quarter. Finally, Geneos Wealth Management Inc. lifted its stake in SEA by 4,663.6% in the fourth quarter. Geneos Wealth Management Inc. now owns 524 shares of the Internet company based in Singapore's stock worth $56,000 after purchasing an additional 513 shares during the last quarter. Hedge funds and other institutional investors own 59.53% of the company's stock.

SEA Stock Performance

Shares of NYSE SE traded up $4.46 during mid-day trading on Friday, hitting $141.77. 3,898,687 shares of the company were exchanged, compared to its average volume of 4,578,395. The company has a quick ratio of 1.60, a current ratio of 1.62 and a debt-to-equity ratio of 0.36. The firm has a market cap of $81.14 billion, a price-to-earnings ratio of 945.13 and a beta of 1.73. The stock has a 50 day simple moving average of $125.33 and a 200-day simple moving average of $116.69. Sea Limited has a 1-year low of $55.00 and a 1-year high of $147.73.

Analysts Set New Price Targets

A number of research analysts have recently commented on the stock. Sanford C. Bernstein set a $145.00 price target on shares of SEA and gave the stock an "outperform" rating in a report on Wednesday, March 5th. Benchmark boosted their target price on SEA from $130.00 to $150.00 and gave the stock a "buy" rating in a research note on Wednesday, March 5th. UBS Group increased 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. Arete Research upgraded shares of SEA to a "strong-buy" rating in a research note on Sunday, March 23rd. Finally, Jefferies Financial Group lifted their price objective on SEA from $131.00 to $157.00 and gave the company a "buy" rating in a research note on Tuesday, March 4th. Four analysts have rated the stock with a hold rating, nine have assigned a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $125.43.

SEA 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.