Aigen Investment Management LP Takes $1.19 Million Position in Sea Limited (NYSE:SE)

Aigen Investment Management LP purchased a new stake in Sea Limited (NYSE:SE) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 11,212 shares of the Internet company based in Singapore’s stock, valued at approximately $1,190,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Private Trust Co. NA increased its stake in shares of SEA by 474.4% in 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 bought a new position in shares of SEA in the 4th quarter valued at $34,000. Truvestments Capital LLC bought a new stake in SEA during the 3rd quarter worth $41,000. Icon Wealth Advisors LLC bought a new stake in SEA during the 3rd quarter worth $47,000. Finally, Geneos Wealth Management Inc. grew its position in SEA by 4,663.6% during 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.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on SE. TD Cowen boosted their price objective on SEA from $69.00 to $100.00 and gave the stock a “hold” rating in a research report on Wednesday, November 13th. Phillip Securities restated a “reduce” rating and set a $100.00 price objective (up previously from $80.00) on shares of SEA in a research report on Tuesday, November 19th. Barclays boosted their price objective on SEA from $131.00 to $148.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 26th. Jefferies Financial Group boosted their price objective on SEA from $131.00 to $157.00 and gave the stock a “buy” rating in a research report on Tuesday. Finally, Dbs Bank raised SEA from a “hold” rating to a “strong-buy” rating in a report on Wednesday, November 13th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $104.64.

SEA Stock Up 10.8 %

Shares of NYSE:SE opened at $146.56 on Thursday. The company has a market capitalization of $83.88 billion, a price-to-earnings ratio of 977.07 and a beta of 1.55. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.62 and a quick ratio of 1.60. The business’s 50-day moving average is $119.42 and its 200-day moving average is $105.29. Sea Limited has a 1 year low of $51.70 and a 1 year high of $147.73.

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.