OneAscent Financial Services LLC Takes $301,000 Position in Sea Limited (NYSE:SE)

OneAscent Financial Services LLC bought a new position in Sea Limited (NYSE:SE) during the fourth quarter, Holdings Channel reports. The firm bought 2,833 shares of the Internet company based in Singapore’s stock, valued at approximately $301,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Huntington National Bank grew 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 worth $52,000 after buying an additional 431 shares in the last quarter. Geode Capital Management LLC lifted its holdings in shares of SEA by 4.6% in the 4th quarter. Geode Capital Management LLC now owns 3,201,601 shares of the Internet company based in Singapore’s stock valued at $335,084,000 after acquiring an additional 142,080 shares during the last quarter. National Bank of Canada FI grew its position in SEA by 22.7% in the fourth quarter. National Bank of Canada FI now owns 516,671 shares of the Internet company based in Singapore’s stock worth $54,819,000 after acquiring an additional 95,472 shares in the last quarter. B. Metzler seel. Sohn & Co. AG increased its stake in SEA by 100.5% during the fourth quarter. B. Metzler seel. Sohn & Co. AG now owns 15,035 shares of the Internet company based in Singapore’s stock worth $1,595,000 after acquiring an additional 7,535 shares during the last quarter. Finally, Alliancebernstein L.P. increased its stake in SEA by 5.2% during the fourth quarter. Alliancebernstein L.P. now owns 94,826 shares of the Internet company based in Singapore’s stock worth $10,061,000 after acquiring an additional 4,713 shares during the last quarter. 59.53% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on SE. Sanford C. Bernstein set a $145.00 target price on SEA and gave the stock an “outperform” rating in a report on Wednesday, March 5th. Barclays increased their target price on shares of SEA from $148.00 to $182.00 and gave the company an “overweight” rating in a research note on Friday, March 7th. Phillip Securities raised shares of SEA from a “moderate sell” rating to a “hold” rating in a research note on Friday, March 7th. Benchmark increased their price objective on shares of SEA from $130.00 to $150.00 and gave the stock a “buy” rating in a research report on Wednesday, March 5th. Finally, Arete Research upgraded SEA to a “strong-buy” rating in a research report on Sunday, March 23rd. Three equities research analysts have rated the stock with a hold rating, eleven have issued a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $121.40.

SEA Price Performance

NYSE SE opened at $106.18 on Friday. The company has a market cap of $60.77 billion, a PE ratio of 707.88 and a beta of 1.73. The firm’s 50 day moving average price is $128.04 and its 200-day moving average price is $112.83. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.60 and a current ratio of 1.62. Sea Limited has a 52-week low of $51.70 and a 52-week high of $147.73.

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.