Townsquare Capital LLC Increases Stock Holdings in Sea Limited (NYSE:SE)

Townsquare Capital LLC grew its holdings in Sea Limited (NYSE:SE - Free Report) by 85.8% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 21,424 shares of the Internet company based in Singapore's stock after acquiring an additional 9,893 shares during the quarter. Townsquare Capital LLC's holdings in SEA were worth $2,020,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Rosenberg Matthew Hamilton lifted its stake 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 valued at $28,000 after acquiring an additional 203 shares during the last quarter. Truvestments Capital LLC acquired a new position in SEA in the third quarter valued at approximately $41,000. SOA Wealth Advisors LLC. bought a new position in SEA during the second quarter worth $32,000. Icon Wealth Advisors LLC acquired a new stake in shares of SEA in the 3rd quarter valued at about $47,000. Finally, Hexagon Capital Partners LLC increased its holdings in shares of SEA by 63.1% during the second quarter. Hexagon Capital Partners LLC now owns 654 shares of the Internet company based in Singapore's stock valued at $47,000 after acquiring an additional 253 shares in the last quarter. Institutional investors and hedge funds own 59.53% of the company's stock.

SEA Stock Performance

SE stock traded down $0.56 during trading on Monday, reaching $113.24. The company had a trading volume of 2,896,406 shares, compared to its average volume of 5,352,097. 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 firm has a 50-day simple moving average of $100.60 and a 200-day simple moving average of $82.93. The company has a market cap of $64.81 billion, a price-to-earnings ratio of 758.67 and a beta of 1.52. Sea Limited has a twelve month low of $34.35 and a twelve month high of $117.85.

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

Analyst Ratings Changes

A number of equities research analysts recently weighed in on SE shares. TD Cowen upped their target price on shares of SEA from $69.00 to $100.00 and gave the stock a "hold" rating in a report on Wednesday, November 13th. Barclays boosted their target price on shares of SEA from $94.00 to $131.00 and gave the company an "overweight" rating in a research note on Thursday, November 14th. Phillip Securities reissued a "reduce" rating and issued a $100.00 price objective (up previously from $80.00) on shares of SEA in a report on Tuesday, November 19th. Bank of America upped their price target on SEA from $84.00 to $96.00 and gave the company a "buy" rating in a research report on Monday, September 23rd. Finally, JPMorgan Chase & Co. upgraded shares of SEA from a "neutral" rating to an "overweight" rating and lifted their target price for the company from $66.00 to $90.00 in a research report on Wednesday, August 14th. One 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. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $91.21.

SEA Company 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.