Wealth Alliance Sells 140 Shares of Sea Limited (NYSE:SE)

Wealth Alliance lessened its stake in Sea Limited (NYSE:SE) by 3.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 3,998 shares of the Internet company based in Singapore’s stock after selling 140 shares during the quarter. Wealth Alliance’s holdings in SEA were worth $424,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Rosenberg Matthew Hamilton lifted its stake in SEA by 213.7% in the third quarter. Rosenberg Matthew Hamilton now owns 298 shares of the Internet company based in Singapore’s stock valued at $28,000 after acquiring an additional 203 shares during the last quarter. Kestra Investment Management LLC bought a new stake in shares of SEA in the 4th quarter valued at about $34,000. Truvestments Capital LLC acquired a new stake in SEA in the 3rd quarter valued at about $41,000. Icon Wealth Advisors LLC bought a new position in SEA during the third quarter worth about $47,000. Finally, Geneos Wealth Management Inc. increased its position in SEA by 4,663.6% during the fourth quarter. Geneos Wealth Management Inc. now owns 524 shares of the Internet company based in Singapore’s stock worth $56,000 after buying an additional 513 shares during the last quarter. 59.53% of the stock is currently owned by institutional investors and hedge funds.

SEA Stock Down 3.1 %

Shares of SE opened at $128.70 on Friday. The company has a current ratio of 1.62, a quick ratio of 1.60 and a debt-to-equity ratio of 0.36. Sea Limited has a 12 month low of $43.27 and a 12 month high of $139.18. The firm’s 50 day moving average is $117.34 and its 200-day moving average is $102.00. The stock has a market capitalization of $73.66 billion, a PE ratio of 858.00 and a beta of 1.55.

Analysts Set New Price Targets

A number of analysts have recently issued reports on SE shares. Dbs Bank raised SEA from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, November 13th. Barclays raised their price target on SEA from $94.00 to $131.00 and gave the company an “overweight” rating in a report on Thursday, November 14th. Wedbush reiterated an “outperform” rating and issued a $105.00 price objective (up from $84.00) on shares of SEA in a report on Monday, November 4th. Benchmark raised their target price on shares of SEA from $94.00 to $130.00 and gave the stock a “buy” rating in a research note on Wednesday, November 13th. Finally, TD Cowen lifted their target price on shares of SEA from $69.00 to $100.00 and gave the stock a “hold” rating in a report on Wednesday, November 13th. One analyst has rated the stock with a sell rating, two have assigned a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $91.21.

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.