Charles Schwab Investment Management Inc. Increases Stock Position in Sea Limited (NYSE:SE)

Charles Schwab Investment Management Inc. boosted its holdings in Sea Limited (NYSE:SE - Free Report) by 9.8% during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 271,747 shares of the Internet company based in Singapore's stock after acquiring an additional 24,216 shares during the quarter. Charles Schwab Investment Management Inc.'s holdings in SEA were worth $25,620,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in SE. Rosenberg Matthew Hamilton grew its stake in shares of SEA by 213.7% in the 3rd quarter. Rosenberg Matthew Hamilton now owns 298 shares of the Internet company based in Singapore's stock worth $28,000 after acquiring an additional 203 shares in the last quarter. SOA Wealth Advisors LLC. purchased a new stake in SEA in the 2nd quarter valued at about $32,000. Hexagon Capital Partners LLC lifted 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 worth $47,000 after buying an additional 253 shares in the last quarter. First Horizon Advisors Inc. boosted its stake in shares of SEA by 248.3% in the 3rd quarter. First Horizon Advisors Inc. now owns 700 shares of the Internet company based in Singapore's stock worth $66,000 after buying an additional 499 shares during the last quarter. Finally, Canton Hathaway LLC grew its holdings in shares of SEA by 20.0% in the second quarter. Canton Hathaway LLC now owns 1,200 shares of the Internet company based in Singapore's stock valued at $86,000 after acquiring an additional 200 shares in the last quarter. Institutional investors and hedge funds own 59.53% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the company. TD Cowen upped their price objective on SEA from $69.00 to $100.00 and gave the company a "hold" rating in a research note on Wednesday, November 13th. JPMorgan Chase & Co. raised shares of SEA from a "neutral" rating to an "overweight" rating and lifted their price objective for the stock from $66.00 to $90.00 in a research report on Wednesday, August 14th. Wedbush restated 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. Bank of America lifted their price target 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, Barclays increased their price objective on SEA from $94.00 to $131.00 and gave the company an "overweight" rating in a report on Thursday, November 14th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, SEA currently has a consensus rating of "Moderate Buy" and an average target price of $91.21.

SEA Price Performance

SE stock traded down $0.96 during mid-day trading on Friday, reaching $116.16. 1,290,094 shares of the company traded hands, compared to its average volume of 5,322,808. Sea Limited has a 52-week low of $34.35 and a 52-week high of $118.58. The company has a market capitalization of $66.48 billion, a P/E ratio of 780.60 and a beta of 1.53. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.62 and a quick ratio of 1.60. The company has a fifty day moving average price of $102.41 and a 200-day moving average price of $83.98.

SEA (NYSE:SE - Get Free Report) last posted 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 return on equity of 1.40% and a net margin of 0.64%. The firm had revenue of $4.33 billion for the quarter, compared to the consensus estimate of $4.09 billion. During the same period last year, the company posted ($0.26) EPS. The business's revenue was up 30.8% on a year-over-year basis. As a group, analysts anticipate that Sea Limited will post 0.81 earnings per share for the current year.

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.