Crossmark Global Holdings Inc. Takes Position in Sea Limited (NYSE:SE)

Crossmark Global Holdings Inc. purchased a new position in Sea Limited (NYSE:SE - Free Report) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 15,785 shares of the Internet company based in Singapore's stock, valued at approximately $1,488,000.

Several other large investors have also added to or reduced their stakes in the stock. Avantax Advisory Services Inc. purchased a new position in SEA during the first quarter valued at $226,000. State Board of Administration of Florida Retirement System increased its stake in shares of SEA by 11.0% during the first quarter. State Board of Administration of Florida Retirement System now owns 21,624 shares of the Internet company based in Singapore's stock valued at $1,161,000 after purchasing an additional 2,150 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. lifted its holdings in shares of SEA by 18.4% during the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 202,229 shares of the Internet company based in Singapore's stock valued at $10,862,000 after purchasing an additional 31,470 shares during the last quarter. GM Advisory Group LLC bought a new stake in shares of SEA in the 1st quarter worth approximately $247,000. Finally, Jupiter Asset Management Ltd. bought a new stake in shares of SEA in the 1st quarter worth approximately $1,638,000. Institutional investors own 59.53% of the company's stock.

Analyst Ratings Changes

A number of brokerages have issued reports on SE. TD Cowen lifted their price objective on SEA from $69.00 to $100.00 and gave the company a "hold" rating in a research note on Wednesday. Benchmark upped their price target on shares of SEA from $94.00 to $130.00 and gave the stock a "buy" rating in a research note on Wednesday. Citigroup reduced their price objective on shares of SEA from $81.00 to $80.00 and set a "buy" rating for the company in a research note on Tuesday, July 23rd. Barclays upped their target price on shares of SEA from $94.00 to $131.00 and gave the stock an "overweight" rating in a research note on Thursday. Finally, Bank of America raised their price target on shares of SEA from $84.00 to $96.00 and gave the company a "buy" rating in a research report on Monday, September 23rd. Three investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $90.54.

SEA Stock Performance

NYSE:SE traded down $1.64 on Thursday, hitting $103.32. The stock had a trading volume of 4,377,987 shares, compared to its average volume of 5,409,830. The business's 50-day simple moving average is $92.92 and its two-hundred day simple moving average is $78.88. The stock has a market cap of $59.13 billion, a price-to-earnings ratio of 690.87 and a beta of 1.52. Sea Limited has a 52-week low of $34.35 and a 52-week high of $117.52. The company has a quick ratio of 1.48, a current ratio of 1.49 and a debt-to-equity ratio of 0.41.

SEA (NYSE:SE - Get Free Report) last posted its quarterly earnings data on Tuesday, November 12th. The Internet company based in Singapore reported $0.24 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.59 by ($0.35). SEA had a return on equity of 1.47% and a net margin of 0.64%. The business had revenue of $4.33 billion during the quarter, compared to analysts' expectations of $4.09 billion. During the same period in the previous year, the business posted ($0.26) EPS. The business's quarterly revenue was up 30.8% compared to the same quarter last year. As a group, research analysts predict that Sea Limited will post 0.77 earnings per share for the current year.

SEA Company Profile

Sea Limited, together with its subsidiaries, engages in the digital entertainment, e-commerce, and digital financial service businesses in Southeast Asia, Latin America, rest of Asia, and internationally. It offers Garena digital entertainment platform for users to access mobile and PC online games, as well as promotes eSports operations.