Captrust Financial Advisors Boosts Stock Holdings in Sea Limited (NYSE:SE)

Captrust Financial Advisors grew its stake in shares of Sea Limited (NYSE:SE - Free Report) by 319.5% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 31,396 shares of the Internet company based in Singapore's stock after buying an additional 23,911 shares during the period. Captrust Financial Advisors' holdings in SEA were worth $2,960,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Cetera Advisors LLC bought a new stake in shares of SEA in the 1st quarter worth about $230,000. Harbor Capital Advisors Inc. increased its stake in SEA by 14.6% during the second quarter. Harbor Capital Advisors Inc. now owns 7,154 shares of the Internet company based in Singapore's stock valued at $511,000 after purchasing an additional 909 shares during the last quarter. Hexagon Capital Partners LLC raised its holdings 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 worth $47,000 after purchasing an additional 253 shares during the period. Granite Bay Wealth Management LLC bought a new position in shares of SEA in the 2nd quarter worth about $2,158,000. Finally, Sequoia Financial Advisors LLC bought a new stake in shares of SEA during the 2nd quarter valued at about $207,000. Hedge funds and other institutional investors own 59.53% of the company's stock.

SEA Stock Down 0.2 %

SE stock traded down $0.29 during mid-day trading on Thursday, reaching $117.12. 2,040,297 shares of the company traded hands, compared to its average volume of 5,322,944. The company has a quick ratio of 1.60, a current ratio of 1.62 and a debt-to-equity ratio of 0.36. The firm's 50 day moving average price is $101.97 and its 200 day moving average price is $83.75. The stock has a market cap of $67.03 billion, a price-to-earnings ratio of 782.67 and a beta of 1.53. Sea Limited has a fifty-two week low of $34.35 and a fifty-two week high of $118.58.

SEA (NYSE:SE - Get Free Report) last announced its quarterly earnings results on Tuesday, November 12th. The Internet company based in Singapore reported $0.24 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.59 by ($0.35). The company had revenue of $4.33 billion for the quarter, compared to the consensus estimate of $4.09 billion. SEA had a return on equity of 1.40% and a net margin of 0.64%. The company's quarterly revenue was up 30.8% compared to the same quarter last year. During the same quarter last year, the company posted ($0.26) EPS. As a group, equities research analysts predict that Sea Limited will post 0.81 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts have commented on SE shares. TD Cowen lifted their target price on SEA from $69.00 to $100.00 and gave the company a "hold" rating in a research note on Wednesday, November 13th. Wedbush reiterated an "outperform" rating and set a $105.00 price target (up previously from $84.00) on shares of SEA in a research note on Monday, November 4th. Phillip Securities reissued a "reduce" rating and issued a $100.00 price objective (up from $80.00) on shares of SEA in a research report on Tuesday, November 19th. Bank of America raised their price objective on shares of SEA from $84.00 to $96.00 and gave the stock a "buy" rating in a report on Monday, September 23rd. Finally, Dbs Bank upgraded SEA from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, November 13th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $91.21.

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.