SlateStone Wealth LLC Buys 937 Shares of Sea Limited (NYSE:SE)

SlateStone Wealth LLC raised its holdings in shares of Sea Limited (NYSE:SE) by 6.8% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 14,778 shares of the Internet company based in Singapore’s stock after acquiring an additional 937 shares during the quarter. SlateStone Wealth LLC’s holdings in SEA were worth $599,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in SE. CWM LLC lifted its holdings in SEA by 162.5% during the 3rd quarter. CWM LLC now owns 4,307 shares of the Internet company based in Singapore’s stock valued at $189,000 after purchasing an additional 2,666 shares during the last quarter. IFP Advisors Inc increased its position in SEA by 42.7% during the 3rd quarter. IFP Advisors Inc now owns 2,185 shares of the Internet company based in Singapore’s stock worth $96,000 after buying an additional 654 shares during the period. Summit Global Investments bought a new position in SEA during the 3rd quarter worth $371,000. Bellecapital International Ltd. increased its position in SEA by 17.8% during the 3rd quarter. Bellecapital International Ltd. now owns 9,927 shares of the Internet company based in Singapore’s stock worth $436,000 after buying an additional 1,500 shares during the period. Finally, Exchange Traded Concepts LLC lifted its stake in shares of SEA by 48.0% in the third quarter. Exchange Traded Concepts LLC now owns 237,216 shares of the Internet company based in Singapore’s stock worth $10,426,000 after acquiring an additional 76,915 shares during the period. 59.53% of the stock is owned by institutional investors.

SEA Stock Up 4.7 %

SEA stock traded up $2.82 during trading on Tuesday, hitting $62.25. 5,376,810 shares of the company were exchanged, compared to its average volume of 6,555,887. The business’s 50 day moving average is $53.04 and its 200 day moving average is $44.65. Sea Limited has a 52 week low of $34.35 and a 52 week high of $88.39. The company has a market capitalization of $35.16 billion, a P/E ratio of 247.58 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 (NYSE:SE) last announced 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 the consensus estimate of ($0.06) by ($0.13). SEA had a return on equity of 2.54% and a net margin of 1.27%. The company had revenue of $3.62 billion for the quarter, compared to the consensus estimate of $3.57 billion. During the same quarter last year, the company posted $0.72 EPS. The company’s quarterly revenue was up 5.7% compared to the same quarter last year. Analysts predict that Sea Limited will post 1.01 earnings per share for the current year.

Analyst Upgrades and Downgrades

SE has been the topic of a number of recent analyst reports. Bank of America raised SEA from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $62.00 to $70.00 in a research note on Monday. JPMorgan Chase & Co. raised SEA from a “neutral” rating to an “overweight” rating and lifted their price objective for the stock from $43.00 to $70.00 in a research note on Tuesday, March 5th. Morgan Stanley raised SEA from an “equal weight” rating to an “overweight” rating and boosted their price target for the company from $65.00 to $70.00 in a research note on Monday. Daiwa Capital Markets raised SEA from a “neutral” rating to a “buy” rating in a research note on Friday, February 2nd. Finally, Benchmark boosted their price target on SEA from $65.00 to $78.00 and gave the company a “buy” rating in a research note on Tuesday, March 5th. Three investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat, SEA has a consensus rating of “Moderate Buy” and an average target price of $68.31.

About SEA

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.