Claro Advisors LLC Makes New Investment in Sea Limited (NYSE:SE)

Claro Advisors LLC bought a new position in shares of Sea Limited (NYSE:SE - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 2,492 shares of the Internet company based in Singapore's stock, valued at approximately $264,000.

Several other hedge funds have also recently added to or reduced their stakes in the company. Rosenberg Matthew Hamilton lifted its holdings in SEA by 213.7% during the 3rd 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 last quarter. Truvestments Capital LLC acquired a new stake in shares of SEA during the 3rd quarter worth about $41,000. Icon Wealth Advisors LLC purchased a new stake in SEA during the third quarter worth approximately $47,000. SOA Wealth Advisors LLC. increased its stake in 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 valued at $57,000 after purchasing an additional 150 shares during the last quarter. Finally, TD Private Client Wealth LLC raised its holdings in SEA by 33.7% during the third quarter. TD Private Client Wealth LLC now owns 603 shares of the Internet company based in Singapore's stock worth $57,000 after purchasing an additional 152 shares in the last quarter. Institutional investors and hedge funds own 59.53% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on SE shares. Dbs Bank upgraded shares of SEA from a "hold" rating to a "strong-buy" rating in a report on Wednesday, November 13th. Phillip Securities restated a "reduce" rating and issued a $100.00 price objective (up previously from $80.00) on shares of SEA in a research note on Tuesday, November 19th. TD Cowen lifted their target price on SEA from $69.00 to $100.00 and gave the stock a "hold" rating in a research report on Wednesday, November 13th. Barclays upped their target price on SEA from $94.00 to $131.00 and gave the company an "overweight" rating in a research report on Thursday, November 14th. Finally, Benchmark lifted their price target on SEA from $94.00 to $130.00 and gave the stock a "buy" rating in a research report on Wednesday, November 13th. One investment analyst has rated the stock with a sell rating, two have given a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $91.21.

SEA Stock Performance

NYSE:SE traded up $0.84 during midday trading on Thursday, reaching $111.66. The stock had a trading volume of 5,298,613 shares, compared to its average volume of 3,665,990. 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 stock has a market cap of $63.91 billion, a P/E ratio of 744.37 and a beta of 1.54. The firm has a fifty day simple moving average of $110.30 and a two-hundred day simple moving average of $91.74. Sea Limited has a 12-month low of $34.35 and a 12-month high of $119.47.

SEA (NYSE:SE - Get Free Report) last issued its earnings results on Tuesday, November 12th. The Internet company based in Singapore reported $0.24 earnings per share for the quarter, missing the consensus estimate of $0.59 by ($0.35). The firm had revenue of $4.33 billion during the quarter, compared to analysts' expectations of $4.09 billion. SEA had a net margin of 0.64% and a return on equity of 1.40%. The firm's revenue was up 30.8% on a year-over-year basis. During the same period in the previous year, the firm earned ($0.26) EPS. On average, equities analysts expect that Sea Limited will post 0.81 EPS 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.