Sea Limited (NYSE:SE) Position Increased by Bank of Montreal Can

Bank of Montreal Can boosted its stake in Sea Limited (NYSE:SE - Free Report) by 4.1% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 144,111 shares of the Internet company based in Singapore's stock after buying an additional 5,648 shares during the period. Bank of Montreal Can's holdings in SEA were worth $13,591,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Rosenberg Matthew Hamilton boosted its position in shares of SEA by 213.7% during the third quarter. Rosenberg Matthew Hamilton now owns 298 shares of the Internet company based in Singapore's stock worth $28,000 after buying an additional 203 shares during the period. Truvestments Capital LLC bought a new position in shares of SEA in the third quarter worth $41,000. SOA Wealth Advisors LLC. acquired a new position in shares of SEA during the second quarter valued at $32,000. Icon Wealth Advisors LLC bought a new stake in shares of SEA during the third quarter valued at about $47,000. Finally, Hexagon Capital Partners LLC raised its stake in shares of SEA by 63.1% during the second 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 in the last quarter. 59.53% of the stock is currently owned by institutional investors.

SEA Trading Down 1.7 %

Shares of NYSE:SE traded down $1.91 during mid-day trading on Friday, hitting $113.80. The stock had a trading volume of 2,622,592 shares, compared to its average volume of 4,462,318. The company's 50 day moving average is $100.60 and its 200-day moving average is $82.83. Sea Limited has a 12-month low of $34.35 and a 12-month high of $117.85. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.60 and a current ratio of 1.62. The company has a market cap of $65.13 billion, a PE ratio of 758.67 and a beta of 1.52.

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 (EPS) for the quarter, missing analysts' consensus estimates of $0.59 by ($0.35). SEA had a net margin of 0.64% and a return on equity of 1.40%. The business had revenue of $4.33 billion during the quarter, compared to analysts' expectations of $4.09 billion. During the same quarter in the previous year, the company earned ($0.26) EPS. SEA's revenue for the quarter was up 30.8% on a year-over-year basis. On average, sell-side analysts predict that Sea Limited will post 0.81 EPS for the current year.

Analyst Upgrades and Downgrades

A number of analysts have commented on SE shares. JPMorgan Chase & Co. upgraded shares of SEA from a "neutral" rating to an "overweight" rating and boosted their price target for the stock from $66.00 to $90.00 in a research report on Wednesday, August 14th. TD Cowen boosted their target price on SEA from $69.00 to $100.00 and gave the stock a "hold" rating in a report on Wednesday, November 13th. Benchmark increased their price target on SEA from $94.00 to $130.00 and gave the company a "buy" rating in a research note on Wednesday, November 13th. 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. Finally, Barclays raised their target price on SEA from $94.00 to $131.00 and gave the company an "overweight" rating in a research note on Thursday, November 14th. One analyst has rated the stock with a sell rating, two have assigned a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $91.21.

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.