M&T Bank Corp Purchases 71,214 Shares of Sea Limited (NYSE:SE)

M&T Bank Corp raised its holdings in shares of Sea Limited (NYSE:SE - Free Report) by 2,163.9% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 74,505 shares of the Internet company based in Singapore's stock after buying an additional 71,214 shares during the quarter. M&T Bank Corp's holdings in SEA were worth $7,024,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in the business. Rosenberg Matthew Hamilton lifted its holdings in shares of SEA by 213.7% during 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. Truvestments Capital LLC purchased a new position in SEA in the 3rd quarter worth $41,000. SOA Wealth Advisors LLC. bought a new stake in shares of SEA in the 2nd quarter valued at about $32,000. Icon Wealth Advisors LLC bought a new stake in SEA in the third quarter valued at approximately $47,000. Finally, First Horizon Advisors Inc. raised its holdings in SEA by 248.3% during the 3rd quarter. First Horizon Advisors Inc. now owns 700 shares of the Internet company based in Singapore's stock valued at $66,000 after buying an additional 499 shares during the last quarter. 59.53% of the stock is currently owned by institutional investors.

SEA Stock Up 0.5 %

Shares of NYSE SE traded up $0.60 on Thursday, reaching $117.27. 2,322,172 shares of the company's stock traded hands, compared to its average volume of 5,303,056. Sea Limited has a 12 month low of $34.35 and a 12 month high of $119.47. 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 company has a market cap of $67.12 billion, a price-to-earnings ratio of 781.80 and a beta of 1.53. The business's 50 day simple moving average is $103.97 and its two-hundred day simple moving average is $85.24.

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 (EPS) for the quarter, missing analysts' consensus estimates 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 during the quarter, compared to the consensus estimate of $4.09 billion. During the same quarter in the previous year, the firm earned ($0.26) EPS. The business's revenue for the quarter was up 30.8% on a year-over-year basis. As a group, equities research analysts forecast that Sea Limited will post 0.81 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

SE has been the topic of a number of recent analyst reports. Dbs Bank raised shares of SEA from a "hold" rating to a "strong-buy" rating in a report on Wednesday, November 13th. Barclays raised their target price on SEA from $94.00 to $131.00 and gave the stock an "overweight" rating in a research note on Thursday, November 14th. Phillip Securities reaffirmed a "reduce" rating and set a $100.00 price target (up previously from $80.00) on shares of SEA in a research report on Tuesday, November 19th. Wedbush reiterated an "outperform" rating and issued a $105.00 price objective (up from $84.00) on shares of SEA in a research report on Monday, November 4th. Finally, Bank of America boosted their target price on SEA from $84.00 to $96.00 and gave the company a "buy" rating in a research note on Monday, September 23rd. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, SEA presently has an average rating of "Moderate Buy" and a consensus target price of $91.21.

About SEA

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.