Sea Limited (NYSE:SE) Shares Purchased by Orion Portfolio Solutions LLC

Orion Portfolio Solutions LLC boosted its holdings in shares of Sea Limited (NYSE:SE - Free Report) by 78.7% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 29,246 shares of the Internet company based in Singapore's stock after purchasing an additional 12,878 shares during the quarter. Orion Portfolio Solutions LLC's holdings in SEA were worth $2,757,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in SE. Cetera Advisors LLC purchased a new position in shares of SEA during the 1st quarter worth about $230,000. Sequoia Financial Advisors LLC bought a new stake in shares of SEA during the 2nd quarter worth approximately $207,000. Diversified Trust Co purchased a new position in SEA during the 2nd quarter valued at $601,000. Envestnet Portfolio Solutions Inc. bought a new position in SEA in the 2nd quarter valued at $377,000. Finally, SOA Wealth Advisors LLC. purchased a new stake in SEA in the second quarter worth $32,000. 59.53% of the stock is owned by hedge funds and other institutional investors.

SEA Stock Performance

Shares of NYSE SE traded up $4.63 during mid-day trading on Wednesday, hitting $116.68. The stock had a trading volume of 3,789,188 shares, compared to its average volume of 5,313,162. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.60 and a current ratio of 1.62. The company has a 50 day moving average of $103.54 and a two-hundred day moving average of $85.02. The firm has a market cap of $66.78 billion, a PE ratio of 769.60 and a beta of 1.53. Sea Limited has a twelve month low of $34.35 and a twelve month high of $119.47.

SEA (NYSE:SE - Get Free Report) last released its quarterly earnings data on Tuesday, November 12th. The Internet company based in Singapore reported $0.24 earnings per share for the quarter, missing analysts' consensus estimates of $0.59 by ($0.35). The firm had revenue of $4.33 billion during the quarter, compared to analysts' expectations of $4.09 billion. SEA had a net margin of 0.64% and a return on equity of 1.40%. The firm's quarterly revenue was up 30.8% on a year-over-year basis. During the same period in the previous year, the firm posted ($0.26) EPS. Research analysts predict that Sea Limited will post 0.81 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research firms recently commented on SE. Phillip Securities reaffirmed a "reduce" rating and issued a $100.00 price target (up previously from $80.00) on shares of SEA in a research note on Tuesday, November 19th. Benchmark lifted their price target on shares of SEA from $94.00 to $130.00 and gave the company a "buy" rating in a research note on Wednesday, November 13th. TD Cowen increased their price target on SEA from $69.00 to $100.00 and gave the stock a "hold" rating in a research report on Wednesday, November 13th. Barclays lifted their price objective on SEA from $94.00 to $131.00 and gave the company an "overweight" rating in a report on Thursday, November 14th. Finally, JPMorgan Chase & Co. raised shares of SEA from a "neutral" rating to an "overweight" rating and upped their price target for the stock from $66.00 to $90.00 in a research report 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 assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company 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.