Financial Perspectives Inc Acquires 645 Shares of Sea Limited (NYSE:SE)

Financial Perspectives Inc boosted its stake in Sea Limited (NYSE:SE) by 5.1% during the fourth quarter, HoldingsChannel reports. The firm owned 13,296 shares of the Internet company based in Singapore’s stock after buying an additional 645 shares during the period. Financial Perspectives Inc’s holdings in SEA were worth $538,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Assenagon Asset Management S.A. increased its holdings in shares of SEA by 12,344.0% in the fourth quarter. Assenagon Asset Management S.A. now owns 2,655,668 shares of the Internet company based in Singapore’s stock worth $107,555,000 after buying an additional 2,634,327 shares during the period. OVERSEA CHINESE BANKING Corp Ltd lifted its position in SEA by 17.3% in the third quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 1,510,835 shares of the Internet company based in Singapore’s stock valued at $66,411,000 after purchasing an additional 222,777 shares during the last quarter. Untitled Investments LP lifted its position in SEA by 56.1% in the third quarter. Untitled Investments LP now owns 284,493 shares of the Internet company based in Singapore’s stock valued at $12,503,000 after purchasing an additional 102,280 shares during the last quarter. Baillie Gifford & Co. grew its holdings in shares of SEA by 30.8% in the fourth quarter. Baillie Gifford & Co. now owns 34,183,394 shares of the Internet company based in Singapore’s stock worth $1,384,427,000 after purchasing an additional 8,045,977 shares during the last quarter. Finally, Sunbelt Securities Inc. increased its stake in shares of SEA by 91.4% in the third quarter. Sunbelt Securities Inc. now owns 670 shares of the Internet company based in Singapore’s stock worth $29,000 after buying an additional 320 shares during the period. 59.53% of the stock is currently owned by institutional investors.

SEA Stock Up 4.4 %

SEA stock traded up $2.60 on Tuesday, hitting $62.03. 8,037,885 shares of the stock traded hands, compared to its average volume of 6,581,387. The business’s fifty day simple moving average is $53.04 and its 200 day simple moving average is $44.65. The firm has a market cap of $35.03 billion, a P/E ratio of 258.46 and a beta of 1.50. The company has a current ratio of 1.44, a quick ratio of 1.43 and a debt-to-equity ratio of 0.46. Sea Limited has a 1 year low of $34.35 and a 1 year high of $88.39.

SEA (NYSE:SE) last issued its quarterly earnings results on Monday, March 4th. The Internet company based in Singapore reported ($0.19) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.06) by ($0.13). The business had revenue of $3.62 billion for the quarter, compared to analysts’ expectations of $3.57 billion. SEA had a net margin of 1.27% and a return on equity of 2.54%. The company’s revenue was up 5.7% on a year-over-year basis. During the same period last year, the business earned $0.72 earnings per share. As a group, sell-side analysts forecast that Sea Limited will post 1.01 earnings per share for the current year.

Analyst Ratings Changes

Several brokerages have weighed in on SE. JPMorgan Chase & Co. raised shares of SEA from a “neutral” rating to an “overweight” rating and increased their price target for the company from $43.00 to $70.00 in a research report on Tuesday, March 5th. Citigroup upgraded SEA from a “neutral” rating to a “buy” rating and boosted their price target for the company from $44.00 to $50.00 in a report on Thursday, February 1st. Sanford C. Bernstein increased their price objective on SEA from $60.00 to $70.00 and gave the stock an “outperform” rating in a report on Thursday, March 14th. Barclays lifted their price objective on SEA from $59.00 to $68.00 and gave the stock an “overweight” rating in a research report on Tuesday, March 5th. Finally, Morgan Stanley upgraded SEA from an “equal weight” rating to an “overweight” rating and upped their target price for the company from $65.00 to $70.00 in a report on Monday. Three analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $68.31.

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 eSports operations.