Marks Group Wealth Management Inc Increases Stake in Sea Limited (NYSE:SE)

Marks Group Wealth Management Inc grew its stake in shares of Sea Limited (NYSE:SE) by 11.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 8,068 shares of the Internet company based in Singapore’s stock after purchasing an additional 851 shares during the quarter. Marks Group Wealth Management Inc’s holdings in SEA were worth $856,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Sanctuary Advisors LLC purchased a new stake in SEA during the 2nd quarter valued at $388,000. Ritholtz Wealth Management purchased a new stake in shares of SEA during the third quarter worth about $593,000. Swedbank AB grew its stake in shares of SEA by 53.0% in the third quarter. Swedbank AB now owns 143,344 shares of the Internet company based in Singapore’s stock worth $13,514,000 after purchasing an additional 49,684 shares during the last quarter. Roberts Wealth Advisors LLC purchased a new position in SEA during the 3rd quarter valued at about $2,223,000. Finally, Sumitomo Mitsui DS Asset Management Company Ltd increased its holdings in SEA by 1.2% during the 3rd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 36,354 shares of the Internet company based in Singapore’s stock valued at $3,427,000 after purchasing an additional 446 shares during the period. Hedge funds and other institutional investors own 59.53% of the company’s stock.

SEA Price Performance

Shares of SE opened at $130.58 on Thursday. The firm’s 50-day simple moving average is $114.76 and its two-hundred day simple moving average is $98.81. Sea Limited has a fifty-two week low of $41.60 and a fifty-two week high of $130.65. The stock has a market cap of $74.74 billion, a PE ratio of 870.53 and a beta of 1.55. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.60 and a current ratio of 1.62.

SEA (NYSE:SE) last posted its quarterly earnings data on Tuesday, November 12th. The Internet company based in Singapore reported $0.24 earnings per share 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 for the quarter, compared to the consensus estimate of $4.09 billion. During the same period last year, the business earned ($0.26) EPS. The firm’s quarterly revenue was up 30.8% on a year-over-year basis. Analysts anticipate that Sea Limited will post 0.8 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

SE has been the topic of a number of recent analyst reports. Phillip Securities reiterated a “reduce” rating and issued a $100.00 price objective (up from $80.00) on shares of SEA in a research report on Tuesday, November 19th. Wedbush reiterated an “outperform” rating and issued a $105.00 price target (up previously from $84.00) on shares of SEA in a report on Monday, November 4th. Dbs Bank raised shares of SEA from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, November 13th. Barclays raised their target price on shares of SEA from $94.00 to $131.00 and gave the stock an “overweight” rating in a research report on Thursday, November 14th. Finally, Benchmark boosted their price target on shares of SEA from $94.00 to $130.00 and gave the company a “buy” rating in a research report on Wednesday, November 13th. One analyst has rated the stock with a sell rating, two have given a hold rating, ten have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, SEA has a consensus rating of “Moderate Buy” and an average target price of $91.21.

SEA 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.