Glenmede Trust Co. NA Buys 19,940 Shares of Sea Limited (NYSE:SE)

Glenmede Trust Co. NA grew its position in shares of Sea Limited (NYSE:SE - Free Report) by 590.1% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 23,319 shares of the Internet company based in Singapore's stock after acquiring an additional 19,940 shares during the period. Glenmede Trust Co. NA's holdings in SEA were worth $2,199,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the company. Swedbank AB bought a new stake in SEA in the first quarter valued at $4,404,000. Cetera Advisors LLC bought a new stake in shares of SEA during the 1st quarter valued at about $230,000. Harbor Capital Advisors Inc. increased its position in shares of SEA by 14.6% during the second quarter. Harbor Capital Advisors Inc. now owns 7,154 shares of the Internet company based in Singapore's stock valued at $511,000 after buying an additional 909 shares during the period. Gulf International Bank UK Ltd raised its stake in SEA by 0.7% in the second quarter. Gulf International Bank UK Ltd now owns 28,958 shares of the Internet company based in Singapore's stock worth $2,068,000 after buying an additional 213 shares in the last quarter. Finally, Gunderson Capital Management Inc. purchased a new stake in SEA in the second quarter worth about $2,723,000. 59.53% of the stock is currently owned by hedge funds and other institutional investors.

SEA Stock Down 0.5 %

NYSE:SE traded down $0.56 on Monday, reaching $113.24. 3,119,096 shares of the stock traded hands, compared to its average volume of 5,353,057. The company has a current ratio of 1.62, a quick ratio of 1.60 and a debt-to-equity ratio of 0.36. The company has a market capitalization of $64.81 billion, a price-to-earnings ratio of 758.67 and a beta of 1.52. Sea Limited has a 12 month low of $34.35 and a 12 month high of $117.85. The company's fifty day simple moving average is $100.60 and its 200 day simple moving average is $82.93.

SEA (NYSE:SE - Get Free Report) last announced its quarterly 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 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 was up 30.8% on a year-over-year basis. During the same period last year, the business earned ($0.26) EPS. Equities analysts predict that Sea Limited will post 0.81 EPS for the current fiscal year.

Analysts Set New Price Targets

SE has been the topic of a number of research analyst reports. Bank of America upped their target price on SEA from $84.00 to $96.00 and gave the stock a "buy" rating in a report on Monday, September 23rd. Barclays upped their price target on SEA from $94.00 to $131.00 and gave the stock an "overweight" rating in a research note on Thursday, November 14th. TD Cowen raised their price objective on SEA from $69.00 to $100.00 and gave the company a "hold" rating in a research report on Wednesday, November 13th. Wedbush reaffirmed an "outperform" rating and issued a $105.00 target price (up from $84.00) on shares of SEA in a research report on Monday, November 4th. Finally, JPMorgan Chase & Co. upgraded shares of SEA from a "neutral" rating to an "overweight" rating and increased their price target for the stock from $66.00 to $90.00 in a research note on Wednesday, August 14th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $91.21.

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.