Vestcor Inc Boosts Stake in Sea Limited (NYSE:SE)

Vestcor Inc lifted its stake in Sea Limited (NYSE:SE) by 9.2% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,530 shares of the Internet company based in Singapore’s stock after purchasing an additional 467 shares during the period. Vestcor Inc’s holdings in SEA were worth $587,000 at the end of the most recent reporting period.

A number of other institutional investors have also bought and sold shares of SE. Private Trust Co. NA increased its stake in 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 worth $26,000 after buying an additional 204 shares in the last quarter. Kestra Investment Management LLC bought a new position in shares of SEA during the 4th quarter valued at about $34,000. Farther Finance Advisors LLC boosted its holdings in shares of SEA by 43.8% during the 4th quarter. Farther Finance Advisors LLC now owns 368 shares of the Internet company based in Singapore’s stock valued at $39,000 after purchasing an additional 112 shares during the last quarter. Truvestments Capital LLC bought a new position in shares of SEA during the 3rd quarter valued at about $41,000. Finally, Icon Wealth Advisors LLC bought a new position in shares of SEA during the 3rd quarter valued at about $47,000. Hedge funds and other institutional investors own 59.53% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the stock. Phillip Securities raised shares of SEA from a “moderate sell” rating to a “hold” rating in a report on Friday, March 7th. UBS Group increased their price target on shares of SEA from $135.00 to $176.00 and gave the company a “buy” rating in a report on Friday, March 7th. Benchmark increased their price target on shares of SEA from $130.00 to $150.00 and gave the company a “buy” rating in a report on Wednesday, March 5th. JPMorgan Chase & Co. increased their price target on shares of SEA from $133.00 to $160.00 and gave the company an “overweight” rating in a report on Wednesday, March 5th. Finally, Sanford C. Bernstein set a $145.00 price objective on shares of SEA and gave the stock an “outperform” rating in a research note on Wednesday, March 5th. Three investment analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $116.67.

SEA Stock Performance

Shares of NYSE:SE opened at $127.24 on Monday. The firm has a market cap of $72.83 billion, a PE ratio of 848.29 and a beta of 1.62. The firm’s 50 day simple moving average is $123.38 and its 200-day simple moving average is $108.11. Sea Limited has a one year low of $51.70 and a one 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.

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.