Harbor Capital Advisors Inc. Trims Stock Position in Sea Limited (NYSE:SE)

Harbor Capital Advisors Inc. lessened its stake in Sea Limited (NYSE:SE) by 38.3% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 5,049 shares of the Internet company based in Singapore’s stock after selling 3,139 shares during the quarter. Harbor Capital Advisors Inc.’s holdings in SEA were worth $536,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of SE. Rosenberg Matthew Hamilton lifted its holdings 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 valued at $28,000 after acquiring an additional 203 shares during the period. Truvestments Capital LLC acquired a new position in shares of SEA in the 3rd quarter valued at $41,000. Icon Wealth Advisors LLC purchased a new stake in SEA during the third quarter worth $47,000. TD Private Client Wealth LLC grew its position in SEA by 33.7% during the third quarter. TD Private Client Wealth LLC now owns 603 shares of the Internet company based in Singapore’s stock valued at $57,000 after buying an additional 152 shares during the period. Finally, SOA Wealth Advisors LLC. increased its holdings in SEA by 33.3% in the third quarter. SOA Wealth Advisors LLC. now owns 600 shares of the Internet company based in Singapore’s stock valued at $57,000 after buying an additional 150 shares in the last quarter. Hedge funds and other institutional investors own 59.53% of the company’s stock.

SEA Stock Up 3.1 %

SE stock opened at $110.18 on Wednesday. The company has a current ratio of 1.62, a quick ratio of 1.60 and a debt-to-equity ratio of 0.36. The firm has a 50-day moving average of $109.70 and a two-hundred day moving average of $91.33. Sea Limited has a 12 month low of $34.35 and a 12 month high of $119.47. The company has a market cap of $63.06 billion, a price-to-earnings ratio of 734.53 and a beta of 1.54.

SEA (NYSE:SE) last posted 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). The company had revenue of $4.33 billion during the quarter, compared to analyst estimates of $4.09 billion. SEA had a net margin of 0.64% and a return on equity of 1.40%. SEA’s revenue for the quarter was up 30.8% compared to the same quarter last year. During the same period in the prior year, the business posted ($0.26) EPS. As a group, analysts forecast that Sea Limited will post 0.81 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on SE shares. Dbs Bank upgraded SEA from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, November 13th. Phillip Securities reissued a “reduce” rating and issued a $100.00 price objective (up from $80.00) on shares of SEA in a report on Tuesday, November 19th. TD Cowen upped their target price on SEA from $69.00 to $100.00 and gave the stock a “hold” rating in a research note on Wednesday, November 13th. Benchmark lifted their price target on shares of SEA from $94.00 to $130.00 and gave the company a “buy” rating in a research note on Wednesday, November 13th. Finally, Barclays boosted their price target on shares of SEA from $94.00 to $131.00 and gave the stock an “overweight” rating in a report on Thursday, November 14th. One research analyst has rated the stock with a sell rating, two have given a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, SEA presently 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.