Harbour Investments Inc. Sells 288 Shares of Sea Limited (NYSE:SE)

Harbour Investments Inc. lowered its stake in shares of Sea Limited (NYSE:SE) by 5.8% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 4,663 shares of the Internet company based in Singapore’s stock after selling 288 shares during the quarter. Harbour Investments Inc.’s holdings in SEA were worth $440,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Rosenberg Matthew Hamilton lifted its stake in SEA by 213.7% in the third quarter. Rosenberg Matthew Hamilton now owns 298 shares of the Internet company based in Singapore’s stock worth $28,000 after purchasing an additional 203 shares during the last quarter. SOA Wealth Advisors LLC. acquired a new stake in SEA in the second quarter valued at approximately $32,000. Hexagon Capital Partners LLC grew its holdings in SEA by 63.1% in the second quarter. Hexagon Capital Partners LLC now owns 654 shares of the Internet company based in Singapore’s stock worth $47,000 after purchasing an additional 253 shares during the last quarter. Canton Hathaway LLC increased its position in shares of 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 purchasing an additional 200 shares in the last quarter. Finally, Advisors Asset Management Inc. lifted its holdings in shares of SEA by 34.5% during the 1st quarter. Advisors Asset Management Inc. now owns 1,825 shares of the Internet company based in Singapore’s stock valued at $98,000 after purchasing an additional 468 shares during the last quarter. Hedge funds and other institutional investors own 59.53% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently issued reports on the company. TD Cowen upped their target price on SEA from $69.00 to $100.00 and gave the company a “hold” rating in a research report on Wednesday. Citigroup lowered their target price on shares of SEA from $81.00 to $80.00 and set a “buy” rating for the company in a research note on Tuesday, July 23rd. Wedbush reissued an “outperform” rating and set a $105.00 target price (up previously from $84.00) on shares of SEA in a research report on Monday, November 4th. Bank of America lifted their price objective on shares of SEA from $84.00 to $96.00 and gave the stock a “buy” rating in a research note on Monday, September 23rd. Finally, Dbs Bank raised SEA from a “hold” rating to a “strong-buy” rating in a research report on Wednesday. Two investment analysts have rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $90.54.

SEA Price Performance

Shares of NYSE SE opened at $102.94 on Friday. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.62 and a quick ratio of 1.48. The stock has a market capitalization of $58.92 billion, a price-to-earnings ratio of 686.27 and a beta of 1.52. The firm’s 50 day simple moving average is $93.93 and its 200-day simple moving average is $79.43. Sea Limited has a 12 month low of $34.35 and a 12 month high of $117.52.

SEA (NYSE:SE) last released its quarterly earnings results on Tuesday, November 12th. The Internet company based in Singapore reported $0.24 EPS for the quarter, missing the consensus estimate of $0.59 by ($0.35). SEA had a net margin of 0.64% and a return on equity of 1.40%. The firm had revenue of $4.33 billion for the quarter, compared to analyst estimates of $4.09 billion. During the same quarter in the prior year, the business posted ($0.26) EPS. The firm’s quarterly revenue was up 30.8% compared to the same quarter last year. Analysts expect that Sea Limited will post 0.8 EPS for the current year.

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 promotes eSports operations.