Point72 Hong Kong Ltd Has $4.56 Million Position in Sea Limited (NYSE:SE)

Point72 Hong Kong Ltd raised its stake in shares of Sea Limited (NYSE:SE) by 18.9% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 43,014 shares of the Internet company based in Singapore’s stock after buying an additional 6,848 shares during the period. Point72 Hong Kong Ltd’s holdings in SEA were worth $4,564,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the stock. Private Trust Co. NA lifted its stake in shares of 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 valued at $26,000 after purchasing an additional 204 shares during the last quarter. Kestra Investment Management LLC acquired a new stake in shares of SEA in the 4th quarter valued at $34,000. Farther Finance Advisors LLC lifted its stake 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 valued at $39,000 after purchasing an additional 112 shares during the last quarter. Banque Transatlantique SA acquired a new stake in shares of SEA in the 4th quarter valued at $39,000. Finally, Huntington National Bank lifted its stake in shares of SEA by 783.6% in the 4th quarter. Huntington National Bank now owns 486 shares of the Internet company based in Singapore’s stock valued at $52,000 after purchasing an additional 431 shares during the last quarter. Institutional investors and hedge funds own 59.53% of the company’s stock.

SEA Stock Performance

NYSE:SE opened at $161.84 on Thursday. The firm’s 50-day moving average is $127.90 and its 200-day moving average is $119.59. Sea Limited has a 52-week low of $55.00 and a 52-week high of $163.26. 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 company has a market cap of $95.34 billion, a price-to-earnings ratio of 1,078.93 and a beta of 1.70.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on SE. Benchmark lifted their price objective on shares of SEA from $150.00 to $180.00 and gave the company a “buy” rating in a research note on Wednesday. Bank of America downgraded shares of SEA from a “buy” rating to a “neutral” rating and set a $160.00 target price on the stock. in a report on Friday, May 9th. JPMorgan Chase & Co. upgraded shares of SEA from a “neutral” rating to an “overweight” rating and lifted their target price for the stock from $135.00 to $190.00 in a report on Tuesday. Arete Research upgraded shares of SEA to a “strong-buy” rating in a report on Sunday, March 23rd. Finally, Jefferies Financial Group lifted their target price on shares of SEA from $131.00 to $157.00 and gave the stock a “buy” rating in a report on Tuesday, March 4th. Four research analysts have rated the stock with a hold rating, nine have issued a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, SEA has an average rating of “Moderate Buy” and an average price target of $137.86.

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.