Quadrature Capital Ltd grew its position in Sea Limited (NYSE:SE - Free Report) by 42.1% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 100,776 shares of the Internet company based in Singapore's stock after purchasing an additional 29,867 shares during the period. Quadrature Capital Ltd's holdings in SEA were worth $9,503,000 at the end of the most recent quarter.
Several other large investors also recently modified their holdings of SE. Integrated Wealth Concepts LLC increased its stake in SEA by 2.6% in the 3rd quarter. Integrated Wealth Concepts LLC now owns 6,357 shares of the Internet company based in Singapore's stock worth $599,000 after purchasing an additional 160 shares during the period. Sequoia Financial Advisors LLC increased its holdings in shares of SEA by 6.2% during the third quarter. Sequoia Financial Advisors LLC now owns 3,081 shares of the Internet company based in Singapore's stock valued at $290,000 after acquiring an additional 180 shares in the last quarter. Canton Hathaway LLC boosted its holdings in SEA by 20.0% during the second quarter. Canton Hathaway LLC now owns 1,200 shares of the Internet company based in Singapore's stock worth $86,000 after buying an additional 200 shares in the last quarter. Rosenberg Matthew Hamilton grew its holdings in SEA by 213.7% in the 3rd quarter. Rosenberg Matthew Hamilton now owns 298 shares of the Internet company based in Singapore's stock valued at $28,000 after buying an additional 203 shares in the last quarter. Finally, Parallel Advisors LLC boosted its stake in shares of SEA by 5.2% in the 2nd quarter. Parallel Advisors LLC now owns 5,063 shares of the Internet company based in Singapore's stock valued at $362,000 after buying an additional 250 shares during the period. 59.53% of the stock is owned by institutional investors.
Analyst Upgrades and Downgrades
Several research firms recently commented on SE. Benchmark raised their price target on shares of SEA from $94.00 to $130.00 and gave the company a "buy" rating in a report on Wednesday, November 13th. Phillip Securities reiterated a "reduce" rating and set a $100.00 price target (up previously from $80.00) on shares of SEA in a report on Tuesday, November 19th. Wedbush reiterated an "outperform" rating and set a $105.00 price objective (up from $84.00) on shares of SEA in a research note on Monday, November 4th. Bank of America boosted their price target on shares of SEA from $84.00 to $96.00 and gave the company a "buy" rating in a report on Monday, September 23rd. Finally, Barclays boosted their price objective on SEA from $94.00 to $131.00 and gave the stock an "overweight" rating in a report on Thursday, November 14th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $91.21.
Check Out Our Latest Analysis on SE
SEA Stock Performance
Shares of NYSE SE traded down $0.65 during trading hours on Thursday, reaching $116.76. 2,252,335 shares of the stock were exchanged, compared to its average volume of 5,323,331. Sea Limited has a 52 week low of $34.35 and a 52 week high of $118.58. 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 stock's fifty day simple moving average is $101.97 and its 200 day simple moving average is $83.75. The firm has a market capitalization of $66.83 billion, a price-to-earnings ratio of 782.67 and a beta of 1.53.
SEA (NYSE:SE - Get Free Report) last announced 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). SEA had a return on equity of 1.40% and a net margin of 0.64%. The business 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 posted ($0.26) earnings per share. The company's revenue was up 30.8% compared to the same quarter last year. Sell-side analysts predict that Sea Limited will post 0.81 EPS for the current year.
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.
See Also
Before you consider SEA, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and SEA wasn't on the list.
While SEA currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Looking to avoid the hassle of mudslinging, volatility, and uncertainty? You'd need to be out of the market, which isn’t viable. So where should investors put their money? Find out with this report.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
