Sequoia Financial Advisors LLC Boosts Stock Position in Sea Limited (NYSE:SE)

Sequoia Financial Advisors LLC lifted its position in Sea Limited (NYSE:SE) by 6.2% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 3,081 shares of the Internet company based in Singapore’s stock after buying an additional 180 shares during the quarter. Sequoia Financial Advisors LLC’s holdings in SEA were worth $290,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Eminence Capital LP grew its stake in SEA by 45.2% during the 2nd quarter. Eminence Capital LP now owns 4,522,441 shares of the Internet company based in Singapore’s stock worth $322,993,000 after purchasing an additional 1,408,314 shares in the last quarter. Clearbridge Investments LLC acquired a new position in shares of SEA during the 2nd quarter worth about $99,989,000. Healthcare of Ontario Pension Plan Trust Fund acquired a new position in shares of SEA during the 1st quarter worth about $60,171,000. Los Angeles Capital Management LLC boosted its position in shares of SEA by 10,373.5% during the 2nd quarter. Los Angeles Capital Management LLC now owns 1,035,722 shares of the Internet company based in Singapore’s stock worth $73,971,000 after acquiring an additional 1,025,833 shares in the last quarter. Finally, Tree Line Advisors Hong Kong Ltd. acquired a new position in shares of SEA during the 1st quarter worth about $48,876,000. Hedge funds and other institutional investors own 59.53% of the company’s stock.

Wall Street Analysts Forecast Growth

SE has been the subject of a number of research analyst reports. Barclays upped their target price on SEA from $87.00 to $94.00 and gave the company an “overweight” rating in a research report on Thursday, August 15th. JPMorgan Chase & Co. raised SEA from a “neutral” rating to an “overweight” rating and upped their price objective for the company from $66.00 to $90.00 in a research note on Wednesday, August 14th. TD Cowen upped their price objective on SEA from $64.00 to $69.00 and gave the company a “hold” rating in a research note on Wednesday, August 14th. Wedbush reaffirmed an “outperform” rating and set a $84.00 price objective (up from $76.00) on shares of SEA in a research note on Tuesday, August 13th. Finally, Citigroup reduced their price objective on SEA from $81.00 to $80.00 and set a “buy” rating for the company in a research note on Tuesday, July 23rd. Three investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $80.92.

SEA Trading Up 0.1 %

Shares of SE opened at $99.25 on Tuesday. The company has a current ratio of 1.49, a quick ratio of 1.48 and a debt-to-equity ratio of 0.41. The firm has a market capitalization of $56.80 billion, a P/E ratio of 1,985.00 and a beta of 1.52. The stock’s fifty day simple moving average is $88.90 and its 200 day simple moving average is $75.72. Sea Limited has a twelve month low of $34.35 and a twelve month high of $101.93.

SEA (NYSE:SE) last released its quarterly earnings data on Tuesday, August 13th. The Internet company based in Singapore reported $0.14 EPS for the quarter, missing the consensus estimate of $0.59 by ($0.45). SEA had a negative net margin of 1.36% and a negative return on equity of 2.92%. The company had revenue of $3.81 billion during the quarter, compared to analysts’ expectations of $3.73 billion. During the same period last year, the business earned $0.54 earnings per share. The company’s revenue for the quarter was up 23.0% compared to the same quarter last year. On average, equities research analysts forecast that Sea Limited will post 0.64 earnings per share 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.