Circle Wealth Management LLC purchased a new position in shares of Sea Limited (NYSE:SE - Free Report) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 6,616 shares of the Internet company based in Singapore's stock, valued at approximately $624,000.
Several other hedge funds have also added to or reduced their stakes in the business. Rosenberg Matthew Hamilton lifted its position in SEA by 213.7% during the third quarter. Rosenberg Matthew Hamilton now owns 298 shares of the Internet company based in Singapore's stock valued at $28,000 after buying an additional 203 shares during the period. SOA Wealth Advisors LLC. purchased a new stake in shares of SEA during the 2nd quarter worth approximately $32,000. Truvestments Capital LLC purchased a new stake in shares of SEA during the 3rd quarter worth approximately $41,000. Hexagon Capital Partners LLC increased its position in shares of SEA by 63.1% during the 2nd quarter. Hexagon Capital Partners LLC now owns 654 shares of the Internet company based in Singapore's stock valued at $47,000 after purchasing an additional 253 shares during the last quarter. Finally, Icon Wealth Advisors LLC bought a new position in SEA in the 3rd quarter valued at $47,000. 59.53% of the stock is currently owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
A number of research firms have weighed in on SE. Bank of America boosted their price objective on SEA from $84.00 to $96.00 and gave the stock a "buy" rating in a research note on Monday, September 23rd. Wedbush reaffirmed an "outperform" rating and set a $105.00 price objective (up from $84.00) on shares of SEA in a research report on Monday, November 4th. Benchmark raised their price target on SEA from $94.00 to $130.00 and gave the stock a "buy" rating in a research report on Wednesday, November 13th. Dbs Bank raised SEA from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, November 13th. Finally, Phillip Securities restated a "reduce" rating and issued a $100.00 target price (up from $80.00) on shares of SEA in a research note on Tuesday, November 19th. One research analyst has rated the stock with a sell rating, two have given a hold rating, eleven have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, SEA has an average rating of "Moderate Buy" and an average target price of $91.21.
Check Out Our Latest Research Report on SE
SEA Price Performance
Shares of NYSE:SE traded down $1.91 during midday trading on Friday, reaching $113.80. 2,622,592 shares of the company were exchanged, compared to its average volume of 4,462,318. The stock has a market cap of $65.13 billion, a PE ratio of 758.67 and a beta of 1.52. The business's fifty day moving average is $100.60 and its two-hundred day moving average is $82.83. 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 Limited has a one year low of $34.35 and a one year high of $117.85.
SEA (NYSE:SE - Get Free Report) last released its earnings results on Tuesday, November 12th. The Internet company based in Singapore reported $0.24 earnings per share for the quarter, missing the consensus estimate of $0.59 by ($0.35). SEA had a return on equity of 1.40% and a net margin of 0.64%. The company had revenue of $4.33 billion for the quarter, compared to analysts' expectations of $4.09 billion. During the same period in the prior year, the firm posted ($0.26) EPS. The firm's revenue for the quarter was up 30.8% on a year-over-year basis. As a group, analysts predict that Sea Limited will post 0.81 earnings per share for the current year.
About SEA
(
Free Report)
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.
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