AGF Management Ltd. Purchases Shares of 362,266 Sea Limited (NYSE:SE)

AGF Management Ltd. purchased a new stake in Sea Limited (NYSE:SE) during the 4th quarter, Holdings Channel reports. The fund purchased 362,266 shares of the Internet company based in Singapore’s stock, valued at approximately $38,436,000.

Several other institutional investors and hedge funds also recently modified their holdings of the business. SOA Wealth Advisors LLC. lifted its stake in shares of SEA by 33.3% during the third quarter. SOA Wealth Advisors LLC. now owns 600 shares of the Internet company based in Singapore’s stock valued at $57,000 after buying an additional 150 shares during the period. TD Private Client Wealth LLC raised its stake in SEA by 33.7% during the third quarter. TD Private Client Wealth LLC now owns 603 shares of the Internet company based in Singapore’s stock worth $57,000 after purchasing an additional 152 shares during the period. Ballentine Partners LLC raised its stake in SEA by 5.6% during the fourth quarter. Ballentine Partners LLC now owns 2,970 shares of the Internet company based in Singapore’s stock worth $315,000 after purchasing an additional 158 shares during the period. Integrated Wealth Concepts LLC raised its stake in SEA by 2.6% during the third quarter. Integrated Wealth Concepts LLC now owns 6,357 shares of the Internet company based in Singapore’s stock worth $599,000 after purchasing an additional 160 shares during the period. Finally, Moseley Investment Management Inc. raised its stake in SEA by 4.3% during the fourth quarter. Moseley Investment Management Inc. now owns 3,870 shares of the Internet company based in Singapore’s stock worth $411,000 after purchasing an additional 161 shares during the period. Hedge funds and other institutional investors own 59.53% of the company’s stock.

SEA Trading Up 0.2 %

Shares of NYSE SE opened at $127.62 on Wednesday. The stock has a market cap of $73.04 billion, a price-to-earnings ratio of 850.83 and a beta of 1.62. 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 business has a 50 day simple moving average of $121.66 and a 200 day simple moving average of $106.85. Sea Limited has a 52 week low of $51.70 and a 52 week high of $147.73.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on SE shares. Barclays increased their price objective on shares of SEA from $148.00 to $182.00 and gave the stock an “overweight” rating in a research report on Friday, March 7th. Sanford C. Bernstein set a $145.00 price objective on shares of SEA and gave the company an “outperform” rating in a research note on Wednesday, March 5th. JPMorgan Chase & Co. boosted their target price on shares of SEA from $133.00 to $160.00 and gave the stock an “overweight” rating in a research report on Wednesday, March 5th. TD Cowen increased their target price on SEA from $69.00 to $100.00 and gave the stock a “hold” rating in a report on Wednesday, November 13th. Finally, Benchmark lifted 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. Three investment 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. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target 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.