Envestnet Portfolio Solutions Inc. Increases Stock Position in Sea Limited (NYSE:SE)

Envestnet Portfolio Solutions Inc. grew its stake in Sea Limited (NYSE:SE) by 67.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 41,269 shares of the Internet company based in Singapore’s stock after buying an additional 16,586 shares during the period. Envestnet Portfolio Solutions Inc.’s holdings in SEA were worth $4,379,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in SE. Private Trust Co. NA grew its position in SEA by 474.4% in the fourth quarter. Private Trust Co. NA now owns 247 shares of the Internet company based in Singapore’s stock worth $26,000 after acquiring an additional 204 shares in the last quarter. Kestra Investment Management LLC bought a new stake in SEA during the fourth quarter worth about $34,000. Farther Finance Advisors LLC boosted its holdings in shares of SEA by 43.8% in the 4th quarter. Farther Finance Advisors LLC now owns 368 shares of the Internet company based in Singapore’s stock worth $39,000 after purchasing an additional 112 shares in 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 purchased a new position in shares of SEA during the 3rd quarter valued at about $47,000. Institutional investors own 59.53% of the company’s stock.

SEA Price Performance

SE opened at $125.17 on Wednesday. The stock’s 50 day moving average price is $124.24 and its 200-day moving average price is $108.83. Sea Limited has a 52-week low of $51.70 and a 52-week high of $147.73. The stock has a market capitalization of $71.64 billion, a PE ratio of 834.47 and a beta of 1.61. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.60 and a current ratio of 1.62.

Analyst Upgrades and Downgrades

Several analysts have issued reports on SE shares. Sanford C. Bernstein set a $145.00 target price on SEA and gave the stock an “outperform” rating in a research note on Wednesday, March 5th. JPMorgan Chase & Co. increased their target price on shares of SEA from $133.00 to $160.00 and gave the company an “overweight” rating in a report on Wednesday, March 5th. Barclays boosted their price target 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. Phillip Securities upgraded shares of SEA from a “moderate sell” rating to a “hold” rating in a research report on Friday, March 7th. Finally, UBS Group lifted their price objective on SEA from $135.00 to $176.00 and gave the stock a “buy” rating in a report on Friday, March 7th. Three analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $116.67.

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.