Daiwa Securities Group Inc. raised its position in shares of Sea Limited (NYSE:SE – Get Rating) by 8.8% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 42,927 shares of the Internet company based in Singapore’s stock after purchasing an additional 3,466 shares during the period. Daiwa Securities Group Inc.’s holdings in SEA were worth $2,232,000 at the end of the most recent reporting period.
Several other hedge funds have also recently added to or reduced their stakes in SE. Laffer Tengler Investments bought a new stake in shares of SEA in the 1st quarter valued at about $66,000. Pinnacle Holdings LLC purchased a new stake in SEA in the 1st quarter worth approximately $68,000. Wipfli Financial Advisors LLC purchased a new stake in SEA in the 3rd quarter worth approximately $32,000. Whittier Trust Co. of Nevada Inc. lifted its holdings in SEA by 107.1% in the 4th quarter. Whittier Trust Co. of Nevada Inc. now owns 580 shares of the Internet company based in Singapore’s stock worth $30,000 after buying an additional 300 shares during the period. Finally, Tradition Wealth Management LLC lifted its holdings in SEA by 50.4% in the 4th quarter. Tradition Wealth Management LLC now owns 812 shares of the Internet company based in Singapore’s stock worth $42,000 after buying an additional 272 shares during the period. Institutional investors own 74.92% of the company’s stock.
Wall Street Analyst Weigh In
SE has been the subject of several research analyst reports. TD Cowen increased their price objective on SEA from $60.00 to $64.00 and gave the stock a “market perform” rating in a report on Wednesday, March 8th. Loop Capital increased their target price on SEA from $62.00 to $88.00 and gave the stock a “hold” rating in a research report on Thursday, April 13th. UBS Group lowered SEA from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $105.00 to $92.00 in a research report on Thursday, April 20th. The Goldman Sachs Group raised SEA from a “buy” rating to a “conviction-buy” rating in a research report on Thursday, February 16th. Finally, Bank of America raised their price objective on SEA from $68.00 to $92.00 in a research report on Thursday, March 9th. Seven investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $96.39.
SEA Stock Performance
Shares of SE opened at $75.85 on Tuesday. The business’s fifty day simple moving average is $76.98 and its two-hundred day simple moving average is $63.99. The company has a current ratio of 1.83, a quick ratio of 1.81 and a debt-to-equity ratio of 0.57. Sea Limited has a 12 month low of $40.67 and a 12 month high of $93.70. The company has a market cap of $42.84 billion, a price-to-earnings ratio of -25.20 and a beta of 1.71.
SEA (NYSE:SE – Get Rating) last released its quarterly earnings results on Tuesday, March 7th. The Internet company based in Singapore reported $0.72 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.75) by $1.47. The firm had revenue of $3.45 billion for the quarter, compared to the consensus estimate of $3.05 billion. SEA had a negative return on equity of 26.25% and a negative net margin of 13.28%. The company’s revenue for the quarter was up 7.1% on a year-over-year basis. During the same period last year, the business posted ($1.12) EPS. Research analysts anticipate that Sea Limited will post 2.17 earnings per share for the current fiscal year.
SEA Company 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.
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