Charles Schwab Investment Management Inc. Has $25.62 Million Holdings in Sea Limited (NYSE:SE)

Charles Schwab Investment Management Inc. boosted its holdings in shares of Sea Limited (NYSE:SE) by 9.8% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 271,747 shares of the Internet company based in Singapore’s stock after buying an additional 24,216 shares during the quarter. Charles Schwab Investment Management Inc.’s holdings in SEA were worth $25,620,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of SE. Rosenberg Matthew Hamilton boosted its holdings in shares of SEA by 213.7% during the third quarter. Rosenberg Matthew Hamilton now owns 298 shares of the Internet company based in Singapore’s stock worth $28,000 after acquiring an additional 203 shares during the period. SOA Wealth Advisors LLC. bought a new stake in shares of SEA during the second quarter worth approximately $32,000. Hexagon Capital Partners LLC boosted its holdings in shares of SEA by 63.1% during the second quarter. Hexagon Capital Partners LLC now owns 654 shares of the Internet company based in Singapore’s stock worth $47,000 after acquiring an additional 253 shares during the period. First Horizon Advisors Inc. boosted its holdings in shares of SEA by 248.3% during the third quarter. First Horizon Advisors Inc. now owns 700 shares of the Internet company based in Singapore’s stock worth $66,000 after acquiring an additional 499 shares during the period. Finally, Canton Hathaway LLC boosted its holdings 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 acquiring an additional 200 shares during the period. Institutional investors and hedge funds own 59.53% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the company. JPMorgan Chase & Co. upgraded SEA from a “neutral” rating to an “overweight” rating and boosted their price objective for the stock from $66.00 to $90.00 in a report on Wednesday, August 14th. Wedbush reiterated an “outperform” rating and issued a $105.00 price target (up from $84.00) on shares of SEA in a research note on Monday, November 4th. TD Cowen boosted their price target on SEA from $69.00 to $100.00 and gave the company a “hold” rating in a research note on Wednesday, November 13th. Benchmark boosted their price target on SEA from $94.00 to $130.00 and gave the company a “buy” rating in a research note on Wednesday, November 13th. Finally, Dbs Bank upgraded SEA from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, November 13th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $91.21.

SEA Stock Down 0.3 %

NYSE SE opened at $117.09 on Friday. The business has a fifty day moving average price of $102.41 and a two-hundred day moving average price of $83.98. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.62 and a quick ratio of 1.60. Sea Limited has a fifty-two week low of $34.35 and a fifty-two week high of $118.58. The stock has a market capitalization of $67.02 billion, a PE ratio of 780.60 and a beta of 1.53.

SEA (NYSE:SE) last announced its quarterly earnings results on Tuesday, November 12th. The Internet company based in Singapore reported $0.24 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.59 by ($0.35). The company had revenue of $4.33 billion for the quarter, compared to analyst estimates of $4.09 billion. SEA had a return on equity of 1.40% and a net margin of 0.64%. The firm’s quarterly revenue was up 30.8% on a year-over-year basis. During the same quarter last year, the company posted ($0.26) earnings per share. Equities analysts expect that Sea Limited will post 0.81 earnings per share for the current fiscal 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.