Private Advisor Group LLC Has $308,000 Stock Position in Sea Limited (NYSE:SE)

Private Advisor Group LLC decreased its stake in shares of Sea Limited (NYSE:SE) by 5.2% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 3,267 shares of the Internet company based in Singapore’s stock after selling 178 shares during the quarter. Private Advisor Group LLC’s holdings in SEA were worth $308,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. SOA Wealth Advisors LLC. acquired a new position in shares of SEA during the 2nd quarter worth approximately $32,000. Hexagon Capital Partners LLC increased its position in shares of SEA by 63.1% during the 2nd 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 2nd 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 during the last quarter. Advisors Asset Management Inc. increased its position 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 worth $98,000 after purchasing an additional 468 shares during the last quarter. Finally, Point72 DIFC Ltd acquired a new position in shares of SEA during the 2nd quarter worth approximately $100,000. Institutional investors and hedge funds own 59.53% of the company’s stock.

SEA Stock Performance

Shares of NYSE SE opened at $95.36 on Thursday. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.49 and a quick ratio of 1.48. The stock’s fifty day moving average price is $90.73 and its two-hundred day moving average price is $77.56. Sea Limited has a one year low of $34.35 and a one year high of $101.93. The firm has a market cap of $54.58 billion, a price-to-earnings ratio of -272.46 and a beta of 1.52.

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

Analysts Set New Price Targets

Several research firms have weighed in on SE. Citigroup lowered their price target on SEA from $81.00 to $80.00 and set a “buy” rating on the stock in a research report on Tuesday, July 23rd. Benchmark boosted their target price on SEA from $87.00 to $94.00 and gave the stock a “buy” rating in a report on Wednesday, August 14th. JPMorgan Chase & Co. raised SEA from a “neutral” rating to an “overweight” rating and boosted their target price for the stock from $66.00 to $90.00 in a report on Wednesday, August 14th. Bank of America boosted their target price on SEA from $84.00 to $96.00 and gave the stock a “buy” rating in a report on Monday, September 23rd. Finally, Wedbush reissued an “outperform” rating and set a $105.00 target price (up from $84.00) on shares of SEA in a report on Monday. Three investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $82.54.

SEA Company Profile

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.