Nissay Asset Management Corp Japan ADV Purchases 12,607 Shares of Sea Limited (NYSE:SE)

Nissay Asset Management Corp Japan ADV lifted its position in shares of Sea Limited (NYSE:SE) by 9.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 144,326 shares of the Internet company based in Singapore’s stock after purchasing an additional 12,607 shares during the period. Nissay Asset Management Corp Japan ADV’s holdings in SEA were worth $15,691,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in 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 purchasing an additional 204 shares in the last quarter. Kestra Investment Management LLC bought a new stake in SEA in the fourth quarter worth about $34,000. Farther Finance Advisors LLC raised its position in SEA by 43.8% in the fourth quarter. Farther Finance Advisors LLC now owns 368 shares of the Internet company based in Singapore’s stock worth $39,000 after acquiring an additional 112 shares during the period. Banque Transatlantique SA bought a new stake in SEA in the fourth quarter worth about $39,000. Finally, Huntington National Bank raised its position in SEA by 783.6% in the fourth quarter. Huntington National Bank now owns 486 shares of the Internet company based in Singapore’s stock worth $52,000 after acquiring an additional 431 shares during the period. 59.53% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several brokerages have commented on SE. Sanford C. Bernstein reaffirmed an “outperform” rating and issued a $170.00 price objective on shares of SEA in a research report on Wednesday. Bank of America lowered shares of SEA from a “buy” rating to a “neutral” rating and set a $160.00 price target on the stock. in a research report on Friday, May 9th. Jefferies Financial Group boosted their price target on shares of SEA from $131.00 to $157.00 and gave the company a “buy” rating in a research report on Tuesday, March 4th. JPMorgan Chase & Co. raised shares of SEA from a “neutral” rating to an “overweight” rating and boosted their price target for the company from $135.00 to $190.00 in a research report on Tuesday. Finally, Arete Research raised shares of SEA to a “strong-buy” rating in a research report on Sunday, March 23rd. Four investment analysts have rated the stock with a hold rating, nine have given a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, SEA has an average rating of “Moderate Buy” and a consensus price target of $137.86.

SEA Stock Performance

SEA stock opened at $161.84 on Thursday. The firm’s 50 day simple moving average is $127.90 and its 200 day simple moving average is $119.59. The firm has a market capitalization of $95.34 billion, a PE ratio of 1,078.93 and a beta of 1.70. Sea Limited has a 1-year low of $55.00 and a 1-year high of $163.26. The company has a current ratio of 1.62, a quick ratio of 1.60 and a debt-to-equity ratio of 0.36.

SEA 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.