Atria Investments Inc Buys 10,588 Shares of Sea Limited (NYSE:SE)

Atria Investments Inc grew its holdings in Sea Limited (NYSE:SE - Free Report) by 262.5% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 14,621 shares of the Internet company based in Singapore's stock after purchasing an additional 10,588 shares during the period. Atria Investments Inc's holdings in SEA were worth $1,378,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of SE. Assetmark Inc. raised its stake in shares of SEA by 24.7% during the 3rd quarter. Assetmark Inc. now owns 1,427 shares of the Internet company based in Singapore's stock valued at $135,000 after purchasing an additional 283 shares during the period. Verdence Capital Advisors LLC grew its holdings in SEA by 86.1% during the 3rd quarter. Verdence Capital Advisors LLC now owns 7,496 shares of the Internet company based in Singapore's stock valued at $707,000 after buying an additional 3,469 shares in the last quarter. Equitable Trust Co. increased its position in shares of SEA by 33.8% during the third quarter. Equitable Trust Co. now owns 180,059 shares of the Internet company based in Singapore's stock valued at $16,976,000 after buying an additional 45,467 shares during the period. Granite Group Advisors LLC bought a new stake in shares of SEA during the third quarter valued at about $346,000. Finally, AIA Group Ltd lifted its holdings in shares of SEA by 9.0% in the third quarter. AIA Group Ltd now owns 604,683 shares of the Internet company based in Singapore's stock worth $57,010,000 after buying an additional 49,970 shares in the last quarter. 59.53% of the stock is currently owned by hedge funds and other institutional investors.

SEA Stock Performance

NYSE:SE opened at $102.94 on Friday. The company has a market capitalization of $58.92 billion, a price-to-earnings ratio of 686.27 and a beta of 1.52. The business has a 50 day moving average of $93.93 and a 200 day moving average of $79.43. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.62 and a quick ratio of 1.48. Sea Limited has a 1-year low of $34.35 and a 1-year high of $117.52.

SEA (NYSE:SE - Get Free Report) last announced its quarterly earnings data on Tuesday, November 12th. The Internet company based in Singapore reported $0.24 earnings per share for the quarter, missing analysts' consensus estimates of $0.59 by ($0.35). SEA had a return on equity of 1.40% and a net margin of 0.64%. The business had revenue of $4.33 billion during the quarter, compared to the consensus estimate of $4.09 billion. During the same quarter in the previous year, the firm posted ($0.26) earnings per share. The company's revenue was up 30.8% compared to the same quarter last year. On average, sell-side analysts predict that Sea Limited will post 0.8 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on SE shares. Wedbush reaffirmed an "outperform" rating and set a $105.00 price objective (up previously from $84.00) on shares of SEA in a research note on Monday, November 4th. TD Cowen upped their price target on shares of SEA from $69.00 to $100.00 and gave the stock a "hold" rating in a report on Wednesday. Bank of America increased their price objective on SEA from $84.00 to $96.00 and gave the stock a "buy" rating in a research report on Monday, September 23rd. JPMorgan Chase & Co. upgraded SEA from a "neutral" rating to an "overweight" rating and boosted their target price for the stock from $66.00 to $90.00 in a research report on Wednesday, August 14th. Finally, Benchmark upped their target price on SEA from $94.00 to $130.00 and gave the stock a "buy" rating in a research note on Wednesday. Two analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, SEA currently has an average rating of "Moderate Buy" and an average target price of $90.54.

SEA 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.