Coldstream Capital Management Inc. Takes $535,000 Position in Sea Limited (NYSE:SE)

Coldstream Capital Management Inc. acquired a new stake in shares of Sea Limited (NYSE:SE - Free Report) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 5,676 shares of the Internet company based in Singapore's stock, valued at approximately $535,000.

Other large investors have also bought and sold shares of the company. Rosenberg Matthew Hamilton raised its position 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 valued at $28,000 after purchasing an additional 203 shares during the period. Truvestments Capital LLC purchased a new position in SEA in the 3rd quarter valued at approximately $41,000. Icon Wealth Advisors LLC bought a new stake in SEA during the 3rd quarter valued at $47,000. First Horizon Advisors Inc. lifted its position in shares of SEA by 248.3% during the third quarter. First Horizon Advisors Inc. now owns 700 shares of the Internet company based in Singapore's stock worth $66,000 after acquiring an additional 499 shares in the last quarter. Finally, Canton Hathaway LLC boosted 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 worth $86,000 after acquiring an additional 200 shares during the period. 59.53% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts recently issued reports on SE shares. Barclays boosted their price objective on SEA from $94.00 to $131.00 and gave the company an "overweight" rating in a research note on Thursday, November 14th. Bank of America upped their price target on SEA from $84.00 to $96.00 and gave the company a "buy" rating in a research report on Monday, September 23rd. Phillip Securities restated 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. Wedbush reaffirmed an "outperform" rating and set a $105.00 target price (up previously from $84.00) on shares of SEA in a report on Monday, November 4th. Finally, TD Cowen raised their price target on shares of SEA from $69.00 to $100.00 and gave the company a "hold" rating in a report on Wednesday, November 13th. One research analyst has rated the stock with a sell rating, two have issued a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $91.21.

SEA Price Performance

SE traded down $0.82 during trading on Friday, reaching $116.47. The stock had a trading volume of 1,767,721 shares, compared to its average volume of 5,288,388. 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 business has a 50-day moving average of $104.82 and a 200-day moving average of $85.88. Sea Limited has a one year low of $34.35 and a one year high of $119.47. The stock has a market cap of $66.66 billion, a PE ratio of 776.47 and a beta of 1.53.

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

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.