Janney Montgomery Scott LLC Acquires Shares of 8,193 Sea Limited (NYSE:SE)

Janney Montgomery Scott LLC bought a new position in shares of Sea Limited (NYSE:SE) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 8,193 shares of the Internet company based in Singapore’s stock, valued at approximately $869,000.

A number of other institutional investors have also recently modified their holdings of the business. Dakota Wealth Management raised its position in shares of SEA by 78.2% in the fourth quarter. Dakota Wealth Management now owns 16,116 shares of the Internet company based in Singapore’s stock valued at $1,710,000 after buying an additional 7,072 shares during the last quarter. Nisa Investment Advisors LLC grew its stake in SEA by 95.7% during the 4th quarter. Nisa Investment Advisors LLC now owns 12,558 shares of the Internet company based in Singapore’s stock valued at $1,332,000 after acquiring an additional 6,140 shares in the last quarter. Roberts Wealth Advisors LLC raised its holdings in SEA by 0.7% in the 4th quarter. Roberts Wealth Advisors LLC now owns 23,477 shares of the Internet company based in Singapore’s stock valued at $2,602,000 after acquiring an additional 161 shares during the last quarter. Atomi Financial Group Inc. lifted its stake in SEA by 42.2% in the 4th quarter. Atomi Financial Group Inc. now owns 3,050 shares of the Internet company based in Singapore’s stock worth $324,000 after purchasing an additional 905 shares in the last quarter. Finally, Perpetual Ltd boosted its holdings in shares of SEA by 3,033.0% during the 4th quarter. Perpetual Ltd now owns 2,098,003 shares of the Internet company based in Singapore’s stock worth $222,598,000 after purchasing an additional 2,031,038 shares during the last quarter. 59.53% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts have issued reports on the company. Phillip Securities restated a “reduce” rating and issued a $100.00 target price (up from $80.00) on shares of SEA in a report on Tuesday, November 19th. Barclays upped their price objective on shares of SEA from $94.00 to $131.00 and gave the company an “overweight” rating in a report on Thursday, November 14th. Dbs Bank raised shares of SEA from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, November 13th. Wedbush reiterated an “outperform” rating and issued a $105.00 price objective (up from $84.00) on shares of SEA in a report on Monday, November 4th. Finally, TD Cowen raised 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. One investment analyst has rated the stock with a sell rating, two have given a hold rating, ten have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, SEA currently has an average rating of “Moderate Buy” and a consensus price target of $91.21.

SEA Price Performance

SE opened at $122.41 on Friday. Sea Limited has a 52-week low of $41.60 and a 52-week high of $126.12. The company has a 50 day moving average of $113.78 and a two-hundred day moving average of $96.88. The company has a market cap of $70.06 billion, a P/E ratio of 816.08 and a beta of 1.55. The company has a quick ratio of 1.60, a current ratio of 1.62 and a debt-to-equity ratio of 0.36.

SEA (NYSE:SE) last released 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 firm had revenue of $4.33 billion for the quarter, compared to analysts’ expectations of $4.09 billion. SEA had a return on equity of 1.40% and a net margin of 0.64%. The business’s quarterly revenue was up 30.8% on a year-over-year basis. During the same period last year, the firm earned ($0.26) EPS. On average, analysts expect that Sea Limited will post 0.8 earnings per share for the current year.

SEA Company 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.