Janney Montgomery Scott LLC purchased a new position in Sea Limited (NYSE:SE - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 8,193 shares of the Internet company based in Singapore's stock, valued at approximately $869,000.
Several other institutional investors also recently bought and sold shares of the company. Dimensional Fund Advisors LP increased its holdings in shares of SEA by 445.4% in the 2nd quarter. Dimensional Fund Advisors LP now owns 51,096 shares of the Internet company based in Singapore's stock worth $3,649,000 after purchasing an additional 41,728 shares in the last quarter. Truist Financial Corp boosted its position in shares of SEA by 106.9% during the second quarter. Truist Financial Corp now owns 17,853 shares of the Internet company based in Singapore's stock valued at $1,275,000 after buying an additional 9,224 shares during the last quarter. Cetera Investment Advisers increased its holdings in SEA by 25.2% in the 2nd quarter. Cetera Investment Advisers now owns 28,542 shares of the Internet company based in Singapore's stock worth $2,038,000 after buying an additional 5,740 shares in the last quarter. Sanctuary Advisors LLC purchased a new position in SEA in the 2nd quarter worth about $388,000. Finally, Park Avenue Securities LLC lifted its stake in SEA by 40.4% during the 3rd quarter. Park Avenue Securities LLC now owns 7,519 shares of the Internet company based in Singapore's stock valued at $709,000 after acquiring an additional 2,165 shares during the period. 59.53% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
Several brokerages recently commented on SE. Phillip Securities reaffirmed a "reduce" rating and issued a $100.00 price objective (up previously from $80.00) on shares of SEA in a report on Tuesday, November 19th. TD Cowen upped their price target on shares of SEA from $69.00 to $100.00 and gave the company a "hold" rating in a research report on Wednesday, November 13th. Dbs Bank upgraded shares of SEA from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, November 13th. Benchmark boosted their target price on shares of SEA from $94.00 to $130.00 and gave the company a "buy" rating in a research report on Wednesday, November 13th. Finally, Barclays increased their price target on shares of SEA from $94.00 to $131.00 and gave the stock an "overweight" rating in a research report on Thursday, November 14th. One research analyst has rated the stock with a sell rating, two have issued a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $91.21.
Get Our Latest Report on SEA
SEA Trading Up 1.9 %
SE traded up $2.31 on Monday, hitting $125.31. The company had a trading volume of 2,731,447 shares, compared to its average volume of 3,413,165. Sea Limited has a 12-month low of $41.60 and a 12-month high of $126.67. The company has a quick ratio of 1.60, a current ratio of 1.62 and a debt-to-equity ratio of 0.36. The business's fifty day simple moving average is $114.21 and its 200 day simple moving average is $98.13. The company has a market cap of $71.72 billion, a PE ratio of 835.37 and a beta of 1.55.
SEA (NYSE:SE - Get Free Report) last posted 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). SEA had a return on equity of 1.40% and a net margin of 0.64%. The firm had revenue of $4.33 billion for the quarter, compared to analysts' expectations of $4.09 billion. During the same period in the previous year, the firm earned ($0.26) earnings per share. The firm's quarterly revenue was up 30.8% compared to the same quarter last year. Equities research analysts expect that Sea Limited will post 0.8 EPS for the current year.
About SEA
(
Free Report)
Sea Ltd. is an internet and mobile platform company, which engages in the provision of online gaming services. It operates through the following segments: Digital Entertainment, E-Commerce, and Digital Financial Services. The Digital Entertainment segment offers and develops mobile and PC online games.
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