FDx Advisors Inc. Makes New Investment in Sea Limited (NYSE:SE)

FDx Advisors Inc. bought a new stake in Sea Limited (NYSE:SE - Free Report) during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 8,309 shares of the Internet company based in Singapore's stock, valued at approximately $783,000.

Several other hedge funds also recently modified their holdings of the company. Rosenberg Matthew Hamilton lifted its position in SEA by 213.7% during the third 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 period. SOA Wealth Advisors LLC. acquired a new position in SEA during the second quarter worth approximately $32,000. Hexagon Capital Partners LLC grew its stake 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 valued at $47,000 after buying an additional 253 shares during the period. Canton Hathaway LLC increased its holdings in shares of SEA by 20.0% during the 2nd quarter. Canton Hathaway LLC now owns 1,200 shares of the Internet company based in Singapore's stock worth $86,000 after buying an additional 200 shares during the last quarter. Finally, Advisors Asset Management Inc. raised its position 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 worth $98,000 after buying an additional 468 shares during the period. 59.53% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms recently commented on SE. JPMorgan Chase & Co. raised SEA from a "neutral" rating to an "overweight" rating and boosted their price target for the stock from $66.00 to $90.00 in a research report on Wednesday, August 14th. Benchmark upped their price target on shares of SEA from $87.00 to $94.00 and gave the company a "buy" rating in a report on Wednesday, August 14th. TD Cowen boosted their target price on shares of SEA from $64.00 to $69.00 and gave the stock a "hold" rating in a research report on Wednesday, August 14th. Citigroup decreased their price target on SEA from $81.00 to $80.00 and set a "buy" rating for the company in a research note on Tuesday, July 23rd. Finally, Wedbush reiterated an "outperform" rating and issued a $105.00 target price (up previously from $84.00) on shares of SEA in a research report on Monday, November 4th. Three research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $82.54.

SEA Stock Performance

Shares of NYSE:SE traded up $3.90 on Monday, hitting $97.46. The company's stock had a trading volume of 5,789,298 shares, compared to its average volume of 5,371,591. The stock's 50-day moving average is $91.78 and its two-hundred day moving average is $78.38. The company has a market capitalization of $55.78 billion, a price-to-earnings ratio of -278.46 and a beta of 1.52. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.48 and a current ratio of 1.49. Sea Limited has a 12 month low of $34.35 and a 12 month high of $101.93.

SEA (NYSE:SE - Get Free Report) last posted its quarterly earnings data on Tuesday, August 13th. The Internet company based in Singapore reported $0.14 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.59 by ($0.45). The company had revenue of $3.81 billion during the quarter, compared to the consensus estimate of $3.73 billion. SEA had a negative net margin of 1.36% and a negative return on equity of 2.92%. The company's revenue was up 23.0% on a year-over-year basis. During the same quarter last year, the business earned $0.54 earnings per share. On average, equities research analysts forecast that Sea Limited will post 0.77 EPS 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.