Equitable Trust Co. Acquires 45,467 Shares of Sea Limited (NYSE:SE)

Equitable Trust Co. lifted its stake in Sea Limited (NYSE:SE - Free Report) by 33.8% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 180,059 shares of the Internet company based in Singapore's stock after purchasing an additional 45,467 shares during the period. SEA accounts for approximately 1.1% of Equitable Trust Co.'s holdings, making the stock its 22nd largest holding. Equitable Trust Co.'s holdings in SEA were worth $16,976,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in SE. Granite Group Advisors LLC bought a new position in SEA during the third quarter worth about $346,000. AIA Group Ltd lifted its holdings in SEA by 9.0% during the third quarter. AIA Group Ltd now owns 604,683 shares of the Internet company based in Singapore's stock worth $57,010,000 after acquiring an additional 49,970 shares in the last quarter. Portside Wealth Group LLC bought a new position in SEA during the third quarter worth about $284,000. Marks Group Wealth Management Inc lifted its holdings in SEA by 93.8% during the third quarter. Marks Group Wealth Management Inc now owns 7,217 shares of the Internet company based in Singapore's stock worth $680,000 after acquiring an additional 3,493 shares in the last quarter. Finally, United Advisor Group LLC bought a new position in SEA during the third quarter worth about $438,000. 59.53% of the stock is currently owned by institutional investors.

SEA Stock Down 2.3 %

Shares of NYSE:SE traded down $2.16 during midday trading on Friday, reaching $93.56. The company had a trading volume of 4,819,423 shares, compared to its average volume of 5,368,931. The company has a quick ratio of 1.48, a current ratio of 1.49 and a debt-to-equity ratio of 0.41. The business's 50 day moving average price is $91.40 and its 200 day moving average price is $78.03. The stock has a market cap of $53.55 billion, a PE ratio of -267.31 and a beta of 1.52. Sea Limited has a 1-year low of $34.35 and a 1-year high of $101.93.

SEA (NYSE:SE - Get Free Report) last released its earnings results on Tuesday, August 13th. The Internet company based in Singapore reported $0.14 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.59 by ($0.45). The company had revenue of $3.81 billion during the quarter, compared to analyst estimates of $3.73 billion. SEA had a negative net margin of 1.36% and a negative return on equity of 2.92%. SEA's revenue was up 23.0% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.54 EPS. Research analysts forecast that Sea Limited will post 0.77 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on SE shares. TD Cowen lifted their target price on SEA from $64.00 to $69.00 and gave the stock a "hold" rating in a report on Wednesday, August 14th. Citigroup reduced their target price on SEA from $81.00 to $80.00 and set a "buy" rating on the stock in a report on Tuesday, July 23rd. Bank of America lifted their price target on SEA from $84.00 to $96.00 and gave the company a "buy" rating in a research note on Monday, September 23rd. Benchmark lifted their price target on SEA from $87.00 to $94.00 and gave the company a "buy" rating in a research note on Wednesday, August 14th. Finally, JPMorgan Chase & Co. raised SEA from a "neutral" rating to an "overweight" rating and lifted their price target for the company from $66.00 to $90.00 in a research note on Wednesday, August 14th. Three investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $82.54.

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.