Raymond James Financial Inc. Purchases Shares of 181,405 Sea Limited (NYSE:SE)

Raymond James Financial Inc. purchased a new stake in shares of Sea Limited (NYSE:SE) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 181,405 shares of the Internet company based in Singapore’s stock, valued at approximately $19,247,000.

Other hedge funds have also modified their holdings of the company. Private Trust Co. NA lifted its position in shares of SEA by 474.4% during the fourth quarter. Private Trust Co. NA now owns 247 shares of the Internet company based in Singapore’s stock valued at $26,000 after buying an additional 204 shares during the last quarter. Kestra Investment Management LLC purchased a new stake in shares of SEA during the fourth quarter valued at about $34,000. Truvestments Capital LLC purchased a new stake in shares of SEA during the third quarter valued at about $41,000. Icon Wealth Advisors LLC purchased a new stake in shares of SEA during the third quarter valued at about $47,000. Finally, Geneos Wealth Management Inc. lifted its position in shares of 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 valued at $56,000 after buying an additional 513 shares during the last quarter. 59.53% of the stock is owned by hedge funds and other institutional investors.

SEA Trading Up 1.9 %

Shares of SE stock opened at $127.24 on Monday. The stock’s fifty day moving average is $123.38 and its two-hundred day moving average is $108.11. 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 firm has a market capitalization of $72.83 billion, a P/E ratio of 848.29 and a beta of 1.62. Sea Limited has a fifty-two week low of $51.70 and a fifty-two week high of $147.73.

Analysts Set New Price Targets

SE has been the topic of a number of analyst reports. UBS Group raised their price objective on shares of SEA from $135.00 to $176.00 and gave the stock a “buy” rating in a research note on Friday, March 7th. 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. Barclays raised their price objective on shares of SEA from $148.00 to $182.00 and gave the stock an “overweight” rating in a research note on Friday, March 7th. Jefferies Financial Group raised their price objective on shares of SEA from $131.00 to $157.00 and gave the stock a “buy” rating in a research note on Tuesday, March 4th. Finally, Benchmark raised their price objective on shares of SEA from $130.00 to $150.00 and gave the stock a “buy” rating in a research note on Wednesday, March 5th. Three analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $116.67.

About SEA

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.