Ritholtz Wealth Management Increases Stock Holdings in Sea Limited (NYSE:SE)

Ritholtz Wealth Management boosted its position in Sea Limited (NYSE:SE) by 2.7% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 6,458 shares of the Internet company based in Singapore’s stock after purchasing an additional 170 shares during the period. Ritholtz Wealth Management’s holdings in SEA were worth $685,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Rosenberg Matthew Hamilton lifted its position in shares of SEA by 213.7% during the 3rd quarter. Rosenberg Matthew Hamilton now owns 298 shares of the Internet company based in Singapore’s stock valued at $28,000 after buying an additional 203 shares in the last quarter. Truvestments Capital LLC bought a new stake in SEA during the 3rd quarter valued at approximately $41,000. Icon Wealth Advisors LLC bought a new stake in SEA during the 3rd quarter valued at approximately $47,000. TD Private Client Wealth LLC raised its stake in SEA by 33.7% during the 3rd quarter. TD Private Client Wealth LLC now owns 603 shares of the Internet company based in Singapore’s stock valued at $57,000 after purchasing an additional 152 shares during the period. Finally, SOA Wealth Advisors LLC. raised its stake in SEA by 33.3% during the 3rd quarter. SOA Wealth Advisors LLC. now owns 600 shares of the Internet company based in Singapore’s stock valued at $57,000 after purchasing an additional 150 shares during the period. 59.53% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on SE shares. Wedbush reissued an “outperform” rating and set a $105.00 target price (up previously from $84.00) on shares of SEA in a research note on Monday, November 4th. TD Cowen lifted their target price on SEA from $69.00 to $100.00 and gave the company a “hold” rating in a research note on Wednesday, November 13th. Barclays lifted their target price on SEA from $94.00 to $131.00 and gave the company an “overweight” rating in a research note on Thursday, November 14th. Bank of America lifted their target price on SEA from $84.00 to $96.00 and gave the company a “buy” rating in a research note on Monday, September 23rd. Finally, Dbs Bank raised SEA from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, November 13th. One 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’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $91.21.

SEA Stock Performance

NYSE SE opened at $115.13 on Tuesday. The company has a market cap of $65.89 billion, a P/E ratio of 767.53 and a beta of 1.54. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.60 and a current ratio of 1.62. The business’s 50 day moving average price is $111.40 and its 200-day moving average price is $92.80. Sea Limited has a fifty-two week low of $34.64 and a fifty-two week high of $119.47.

SEA (NYSE:SE) last released its earnings results on Tuesday, November 12th. The Internet company based in Singapore reported $0.24 earnings per share 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 the consensus estimate of $4.09 billion. SEA had a net margin of 0.64% and a return on equity of 1.40%. The business’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 firm posted ($0.26) EPS. Sell-side analysts predict that Sea Limited will post 0.81 earnings per share for the current year.

About SEA

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.