Connable Office Inc. Invests $1.56 Million in Sea Limited (NYSE:SE)

Connable Office Inc. purchased a new position in Sea Limited (NYSE:SE - Free Report) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 16,525 shares of the Internet company based in Singapore's stock, valued at approximately $1,558,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of SE. Rosenberg Matthew Hamilton increased 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 during the last quarter. SOA Wealth Advisors LLC. purchased a new position in SEA during the second quarter worth about $32,000. Hexagon Capital Partners LLC raised its stake in 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. Canton Hathaway LLC boosted its holdings in SEA by 20.0% in the 2nd quarter. Canton Hathaway LLC now owns 1,200 shares of the Internet company based in Singapore's stock valued at $86,000 after purchasing an additional 200 shares during the last quarter. Finally, Advisors Asset Management Inc. grew its stake in shares of SEA by 34.5% in the 1st quarter. Advisors Asset Management Inc. now owns 1,825 shares of the Internet company based in Singapore's stock valued at $98,000 after buying an additional 468 shares during the period. 59.53% of the stock is currently owned by institutional investors and hedge funds.

SEA Stock Down 0.4 %

Shares of NYSE:SE traded down $0.39 during trading on Friday, hitting $102.94. The company's stock had a trading volume of 6,440,721 shares, compared to its average volume of 5,415,043. The business has a 50 day moving average price of $93.42 and a two-hundred day moving average price of $79.05. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.48 and a current ratio of 1.62. Sea Limited has a fifty-two week low of $34.35 and a fifty-two week high of $117.52. The company has a market capitalization of $58.92 billion, a PE ratio of 666.47 and a beta of 1.52.

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 analysts' consensus estimates 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 company's revenue for the quarter was up 30.8% on a year-over-year basis. During the same period in the prior year, the company posted ($0.26) earnings per share. As a group, research analysts expect that Sea Limited will post 0.8 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the company. Wedbush reiterated an "outperform" rating and issued a $105.00 price objective (up from $84.00) on shares of SEA in a report on Monday, November 4th. Benchmark upped their price target on SEA from $94.00 to $130.00 and gave the company a "buy" rating in a research note on Wednesday. Dbs Bank raised SEA from a "hold" rating to a "strong-buy" rating in a research report on Wednesday. TD Cowen boosted their price objective on shares of SEA from $69.00 to $100.00 and gave the company a "hold" rating in a report on Wednesday. Finally, Citigroup lowered their target price on shares of SEA from $81.00 to $80.00 and set a "buy" rating for the company in a research note on Tuesday, July 23rd. Two analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, SEA currently has a consensus rating of "Moderate Buy" and a consensus target price of $90.54.

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.