Roman Butler Fullerton & Co. Invests $680,000 in Sea Limited (NYSE:SE)

Roman Butler Fullerton & Co. purchased a new stake in Sea Limited (NYSE:SE - Free Report) during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 7,027 shares of the Internet company based in Singapore's stock, valued at approximately $680,000.

Other hedge funds have also recently bought and sold shares of the company. Kaizen Investment Management Pte. Ltd. purchased a new position in shares of SEA in the 3rd quarter valued at about $587,544,000. Eminence Capital LP lifted its stake in SEA by 45.2% in the second quarter. Eminence Capital LP now owns 4,522,441 shares of the Internet company based in Singapore's stock worth $322,993,000 after acquiring an additional 1,408,314 shares during the last quarter. Clearbridge Investments LLC acquired a new position in SEA during the 2nd quarter worth approximately $99,989,000. Healthcare of Ontario Pension Plan Trust Fund purchased a new stake in shares of SEA in the 1st quarter valued at approximately $60,171,000. Finally, Los Angeles Capital Management LLC raised its holdings in shares of SEA by 10,373.5% in the 2nd quarter. Los Angeles Capital Management LLC now owns 1,035,722 shares of the Internet company based in Singapore's stock valued at $73,971,000 after purchasing an additional 1,025,833 shares in the last quarter. Institutional investors and hedge funds own 59.53% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on SE shares. TD Cowen boosted their target price on SEA from $64.00 to $69.00 and gave the stock a "hold" rating in a research note on Wednesday, August 14th. JPMorgan Chase & Co. upgraded shares of SEA from a "neutral" rating to an "overweight" rating and boosted their price objective for the stock from $66.00 to $90.00 in a research report on Wednesday, August 14th. Wedbush reaffirmed an "outperform" rating and issued a $84.00 target price (up from $76.00) on shares of SEA in a research report on Tuesday, August 13th. Benchmark boosted their price target on shares of SEA from $87.00 to $94.00 and gave the company a "buy" rating in a research report on Wednesday, August 14th. Finally, Bank of America raised their price objective on SEA from $84.00 to $96.00 and gave the stock a "buy" rating in a report on Monday, September 23rd. Three equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company's stock. Based on data from MarketBeat, SEA currently has a consensus rating of "Moderate Buy" and a consensus price target of $80.92.

SEA Trading Down 0.2 %

NYSE:SE traded down $0.19 on Monday, reaching $95.19. The stock had a trading volume of 2,126,795 shares, compared to its average volume of 5,413,267. The company has a market cap of $54.48 billion, a price-to-earnings ratio of -273.71 and a beta of 1.52. Sea Limited has a 12-month low of $34.35 and a 12-month high of $101.93. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.49 and a quick ratio of 1.48. The firm's fifty day moving average is $89.93 and its two-hundred day moving average is $76.87.

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 business had revenue of $3.81 billion for the quarter, compared to analyst estimates of $3.73 billion. SEA had a negative return on equity of 2.92% and a negative net margin of 1.36%. SEA's revenue for the quarter was up 23.0% compared to the same quarter last year. During the same quarter last year, the business earned $0.54 EPS. Equities analysts expect that Sea Limited will post 0.64 EPS for the current fiscal year.

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.