Kestra Investment Management LLC Invests $34,000 in Sea Limited (NYSE:SE)

Kestra Investment Management LLC acquired a new position in shares of Sea Limited (NYSE:SE) in the 4th quarter, according to its most recent disclosure with the SEC. The fund acquired 323 shares of the Internet company based in Singapore’s stock, valued at approximately $34,000.

Other institutional investors have also modified their holdings of the company. Baillie Gifford & Co. raised its stake in SEA by 3.5% during the 4th quarter. Baillie Gifford & Co. now owns 40,954,549 shares of the Internet company based in Singapore’s stock worth $4,345,278,000 after acquiring an additional 1,390,531 shares in the last quarter. WCM Investment Management LLC raised its stake in SEA by 22.8% during the 4th quarter. WCM Investment Management LLC now owns 25,663,667 shares of the Internet company based in Singapore’s stock worth $2,758,331,000 after acquiring an additional 4,761,289 shares in the last quarter. Geode Capital Management LLC raised its stake in SEA by 4.2% during the 3rd quarter. Geode Capital Management LLC now owns 3,059,521 shares of the Internet company based in Singapore’s stock worth $283,543,000 after acquiring an additional 124,433 shares in the last quarter. Perpetual Ltd raised its stake in SEA by 3,033.0% during the 4th quarter. Perpetual Ltd now owns 2,098,003 shares of the Internet company based in Singapore’s stock worth $222,598,000 after acquiring an additional 2,031,038 shares in the last quarter. Finally, CoreView Capital Management Ltd raised its stake in SEA by 341.1% during the 3rd quarter. CoreView Capital Management Ltd now owns 1,996,376 shares of the Internet company based in Singapore’s stock worth $188,218,000 after acquiring an additional 1,543,743 shares in the last quarter. 59.53% of the stock is owned by hedge funds and other institutional investors.

SEA Trading Down 3.1 %

Shares of SEA stock opened at $128.70 on Friday. Sea Limited has a 52-week low of $43.27 and a 52-week high of $139.18. 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 company’s 50-day simple moving average is $117.34 and its 200-day simple moving average is $102.29. The firm has a market cap of $73.66 billion, a price-to-earnings ratio of 858.00 and a beta of 1.55.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the stock. Benchmark lifted their price target 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. Dbs Bank upgraded shares of SEA from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, November 13th. TD Cowen lifted their price objective on shares of SEA from $69.00 to $100.00 and gave the company a “hold” rating in a research note on Wednesday, November 13th. Phillip Securities restated a “reduce” rating and issued a $100.00 price objective (up from $80.00) on shares of SEA in a research note on Tuesday, November 19th. Finally, Barclays lifted their price objective on shares of SEA from $94.00 to $131.00 and gave the company an “overweight” rating in a research note on Thursday, November 14th. 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 assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $91.21.

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.