Park Avenue Securities LLC Has $2.14 Million Holdings in Sea Limited (NYSE:SE)

Park Avenue Securities LLC lifted its holdings in shares of Sea Limited (NYSE:SE - Free Report) by 168.0% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 20,153 shares of the Internet company based in Singapore's stock after purchasing an additional 12,634 shares during the quarter. Park Avenue Securities LLC's holdings in SEA were worth $2,138,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Rosenberg Matthew Hamilton raised its position in shares of SEA by 213.7% in the 3rd quarter. Rosenberg Matthew Hamilton now owns 298 shares of the Internet company based in Singapore's stock worth $28,000 after buying an additional 203 shares during the period. Truvestments Capital LLC acquired a new position in shares of SEA in the 3rd quarter valued at about $41,000. Icon Wealth Advisors LLC purchased a new stake in shares of SEA during the 3rd quarter worth about $47,000. TD Private Client Wealth LLC raised its holdings in SEA by 33.7% in the third quarter. TD Private Client Wealth LLC now owns 603 shares of the Internet company based in Singapore's stock valued at $57,000 after buying an additional 152 shares during the period. Finally, SOA Wealth Advisors LLC. lifted its position in SEA by 33.3% during the third quarter. SOA Wealth Advisors LLC. now owns 600 shares of the Internet company based in Singapore's stock valued at $57,000 after buying an additional 150 shares in the last quarter. Hedge funds and other institutional investors own 59.53% of the company's stock.

SEA Price Performance

Shares of SE stock traded up $3.50 during midday trading on Friday, reaching $115.13. 2,642,219 shares of the company were exchanged, compared to its average volume of 2,420,030. The company's 50 day moving average price is $111.05 and its two-hundred day moving average price is $92.19. 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 market cap of $65.89 billion, a P/E ratio of 767.53 and a beta of 1.54. Sea Limited has a 12 month low of $34.64 and a 12 month high of $119.47.

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 earnings per share for the quarter, missing the consensus estimate of $0.59 by ($0.35). The business had revenue of $4.33 billion for the quarter, compared to the consensus estimate of $4.09 billion. SEA had a net margin of 0.64% and a return on equity of 1.40%. The business's revenue for the quarter was up 30.8% on a year-over-year basis. During the same quarter last year, the business posted ($0.26) EPS. On average, sell-side analysts expect that Sea Limited will post 0.81 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research analysts have commented on SE shares. Barclays raised their price objective on SEA from $94.00 to $131.00 and gave the company an "overweight" rating in a research report on Thursday, November 14th. Dbs Bank raised SEA from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, November 13th. TD Cowen lifted their price objective on shares of SEA from $69.00 to $100.00 and gave the company a "hold" rating in a research note on Wednesday, November 13th. Phillip Securities restated a "reduce" rating and issued a $100.00 target price (up from $80.00) on shares of SEA in a research note on Tuesday, November 19th. Finally, Wedbush reaffirmed an "outperform" rating and set a $105.00 price target (up previously from $84.00) on shares of SEA in a research note on Monday, November 4th. 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 issued a strong buy rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $91.21.

SEA Profile

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.