SEA (SE) Stock Price Up 6.3%

Sea Limited (NYSE:SE)’s share price rose 6.3% on Wednesday . The company traded as high as $13.02 and last traded at $12.73. Approximately 2,044,800 shares changed hands during trading, an increase of 6% from the average daily volume of 1,928,897 shares. The stock had previously closed at $11.98.

SE has been the subject of a number of research analyst reports. Piper Jaffray Companies initiated coverage on shares of SEA in a research report on Tuesday, November 14th. They set an “overweight” rating and a $18.00 price objective for the company. Morgan Stanley raised shares of SEA from an “equal weight” rating to an “overweight” rating in a research report on Friday, December 1st. Stifel Nicolaus initiated coverage on shares of SEA in a research report on Tuesday, November 14th. They set a “buy” rating and a $19.00 price objective for the company. Goldman Sachs Group initiated coverage on shares of SEA in a research report on Tuesday, November 14th. They set a “buy” rating and a $22.00 price objective for the company. Finally, Citigroup initiated coverage on shares of SEA in a research report on Thursday, November 16th. They set a “buy” rating and a $19.00 price objective for the company. Six research analysts have rated the stock with a buy rating, The stock presently has a consensus rating of “Buy” and a consensus target price of $18.67.

The company has a quick ratio of 0.40, a current ratio of 0.47 and a debt-to-equity ratio of 1.15.

A hedge fund recently bought a new stake in SEA stock. Bahl & Gaynor Inc. acquired a new position in shares of Sea Limited (NYSE:SE) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 3,578,991 shares of the pipeline company’s stock, valued at approximately $147,061,000. SEA accounts for 1.8% of Bahl & Gaynor Inc.’s investment portfolio, making the stock its 14th biggest holding. 68.67% of the stock is owned by institutional investors and hedge funds.

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About SEA

Sea Limited, formerly Garena Interactive Holding Limited, is a Singapore-based Internet and mobile platform company. The Company is a platform provider for online personal computer (PC) and mobile digital content, e-commerce and payments across Asia. The Company offers Garena+, an online platform for people to meet, chat and play games with each other.

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