Schonfeld Strategic Advisors LLC Raises Position in Sea Limited (NYSE:SE)

Schonfeld Strategic Advisors LLC lifted its position in Sea Limited (NYSE:SE - Free Report) by 430.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 42,400 shares of the Internet company based in Singapore's stock after purchasing an additional 34,400 shares during the quarter. Schonfeld Strategic Advisors LLC's holdings in SEA were worth $4,499,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in SE. Private Trust Co. NA increased 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 purchasing an additional 204 shares during the last quarter. Kestra Investment Management LLC purchased a new stake in SEA in the fourth quarter worth approximately $34,000. Farther Finance Advisors LLC grew its position in SEA by 43.8% during 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 acquiring an additional 112 shares during the last quarter. Huntington National Bank raised its stake in shares of SEA by 783.6% during the fourth quarter. Huntington National Bank now owns 486 shares of the Internet company based in Singapore's stock worth $52,000 after acquiring an additional 431 shares in the last quarter. Finally, Geneos Wealth Management Inc. lifted its holdings in shares of SEA by 4,663.6% in the 4th quarter. Geneos Wealth Management Inc. now owns 524 shares of the Internet company based in Singapore's stock worth $56,000 after acquiring an additional 513 shares during the last quarter. Institutional investors own 59.53% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts have commented on SE shares. Sanford C. Bernstein set a $145.00 price target on SEA and gave the stock an "outperform" rating in a research note on Wednesday, March 5th. Barclays raised their price target on shares of SEA from $148.00 to $182.00 and gave the stock an "overweight" rating in a report on Friday, March 7th. Jefferies Financial Group upped their price objective on shares of SEA from $131.00 to $157.00 and gave the company a "buy" rating in a research note on Tuesday, March 4th. Loop Capital increased their target price on shares of SEA from $135.00 to $165.00 and gave the stock a "buy" rating in a report on Monday, March 31st. Finally, Phillip Securities upgraded SEA from a "moderate sell" rating to a "hold" rating in a report on Friday, March 7th. Four equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $125.43.

SEA Trading Up 0.5 %

SE stock traded up $0.75 during midday trading on Monday, reaching $142.53. The company's stock had a trading volume of 2,556,571 shares, compared to its average volume of 4,560,410. The firm has a market capitalization of $83.97 billion, a price-to-earnings ratio of 950.20 and a beta of 1.70. Sea Limited has a 1 year low of $55.00 and a 1 year 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 fifty day simple moving average of $125.98 and a two-hundred day simple moving average of $117.55.

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.