Capital Advisors Inc. OK purchased a new position in shares of Sea Limited (NYSE:SE - Free Report) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 190,854 shares of the Internet company based in Singapore's stock, valued at approximately $17,994,000.
Other institutional investors have also modified their holdings of the company. Rosenberg Matthew Hamilton grew its position in shares of SEA by 213.7% in the third quarter. Rosenberg Matthew Hamilton now owns 298 shares of the Internet company based in Singapore's stock valued at $28,000 after purchasing an additional 203 shares in the last quarter. SOA Wealth Advisors LLC. purchased a new stake in SEA in the 2nd quarter valued at $32,000. Hexagon Capital Partners LLC increased its stake in shares of SEA by 63.1% in the 2nd quarter. Hexagon Capital Partners LLC now owns 654 shares of the Internet company based in Singapore's stock worth $47,000 after acquiring an additional 253 shares during the last quarter. Canton Hathaway LLC raised 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 acquiring an additional 200 shares during the period. Finally, Advisors Asset Management Inc. boosted its position in shares of SEA by 34.5% during the 1st quarter. Advisors Asset Management Inc. now owns 1,825 shares of the Internet company based in Singapore's stock valued at $98,000 after acquiring an additional 468 shares during the last quarter. Hedge funds and other institutional investors own 59.53% of the company's stock.
SEA Trading Up 1.4 %
SEA stock traded up $1.33 during midday trading on Friday, reaching $95.38. 3,977,035 shares of the stock traded hands, compared to its average volume of 2,824,468. The company has a current ratio of 1.49, a quick ratio of 1.48 and a debt-to-equity ratio of 0.41. The firm has a market cap of $54.59 billion, a PE ratio of -272.51 and a beta of 1.52. The company has a 50-day simple moving average of $89.93 and a two-hundred day simple moving average of $76.58. 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 announced its quarterly earnings data on Tuesday, August 13th. The Internet company based in Singapore reported $0.14 earnings per share for the quarter, missing analysts' consensus estimates of $0.59 by ($0.45). SEA had a negative net margin of 1.36% and a negative return on equity of 2.92%. The business had revenue of $3.81 billion during the quarter, compared to analyst estimates of $3.73 billion. During the same quarter last year, the firm posted $0.54 EPS. The company's revenue for the quarter was up 23.0% on a year-over-year basis. Research analysts expect that Sea Limited will post 0.64 earnings per share for the current fiscal year.
Wall Street Analyst Weigh In
A number of brokerages have commented on SE. TD Cowen lifted their target price on shares of SEA from $64.00 to $69.00 and gave the stock a "hold" rating in a research note on Wednesday, August 14th. Barclays upped their price objective on SEA from $87.00 to $94.00 and gave the company an "overweight" rating in a report on Thursday, August 15th. Bank of America raised their target price on SEA from $84.00 to $96.00 and gave the stock a "buy" rating in a research note on Monday, September 23rd. Benchmark upped 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 raised their price objective for the stock from $66.00 to $90.00 in a research report 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 data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $80.92.
Check Out Our Latest Research Report on SEA
SEA Company Profile
(
Free Report)
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.
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