CENTRAL TRUST Co Acquires 2,987 Shares of Sea Limited (NYSE:SE)

CENTRAL TRUST Co lifted its position in shares of Sea Limited (NYSE:SE - Free Report) by 55.2% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 8,396 shares of the Internet company based in Singapore's stock after buying an additional 2,987 shares during the period. CENTRAL TRUST Co's holdings in SEA were worth $891,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Rosenberg Matthew Hamilton increased its holdings in shares of SEA by 213.7% in 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 purchased a new position in SEA in the 3rd quarter worth approximately $41,000. Icon Wealth Advisors LLC purchased a new position in SEA in the 3rd quarter worth approximately $47,000. Geneos Wealth Management Inc. boosted its stake in shares of SEA by 4,663.6% during the fourth quarter. Geneos Wealth Management Inc. now owns 524 shares of the Internet company based in Singapore's stock valued at $56,000 after purchasing an additional 513 shares during the period. Finally, SOA Wealth Advisors LLC. grew its holdings in shares of SEA by 33.3% in the third quarter. SOA Wealth Advisors LLC. now owns 600 shares of the Internet company based in Singapore's stock worth $57,000 after purchasing an additional 150 shares during the last quarter. Institutional investors own 59.53% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts have weighed in on SE shares. Dbs Bank raised shares of SEA from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, November 13th. Barclays increased their target price on shares of SEA from $94.00 to $131.00 and gave the stock an "overweight" rating in a report on Thursday, November 14th. TD Cowen boosted their price target on SEA from $69.00 to $100.00 and gave the company a "hold" rating in a report on Wednesday, November 13th. Wedbush reiterated an "outperform" rating and issued a $105.00 price objective (up previously from $84.00) on shares of SEA in a report on Monday, November 4th. Finally, Phillip Securities reissued a "reduce" rating and set a $100.00 target price (up from $80.00) on shares of SEA in a research note on Tuesday, November 19th. One investment analyst has rated the stock with a sell rating, two have given a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $91.21.

SEA Stock Up 0.3 %

Shares of NYSE:SE traded up $0.34 during midday trading on Friday, reaching $123.00. The company's stock had a trading volume of 3,050,297 shares, compared to its average volume of 3,440,370. Sea Limited has a 12-month low of $41.60 and a 12-month high of $126.35. The firm has a market capitalization of $70.40 billion, a P/E ratio of 820.01 and a beta of 1.55. The firm has a 50 day moving average of $113.78 and a 200-day moving average of $96.88. The company has a quick ratio of 1.60, a current ratio of 1.62 and a debt-to-equity ratio of 0.36.

SEA (NYSE:SE - Get Free Report) last announced its earnings results 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 net margin of 0.64% and a return on equity of 1.40%. The business had revenue of $4.33 billion for the quarter, compared to the consensus estimate of $4.09 billion. During the same period in the prior year, the business posted ($0.26) EPS. SEA's revenue for the quarter was up 30.8% on a year-over-year basis. On average, research analysts anticipate that Sea Limited will post 0.8 earnings per share for the current year.

SEA Company Profile

Sea Ltd. is an internet and mobile platform company, which engages in the provision of online gaming services. It operates through the following segments: Digital Entertainment, E-Commerce, and Digital Financial Services. The Digital Entertainment segment offers and develops mobile and PC online games.