Sea Limited (NYSE:SE) Shares Acquired by Swedbank AB

Swedbank AB increased its position in shares of Sea Limited (NYSE:SE) by 53.0% during the third quarter, Holdings Channel.com reports. The fund owned 143,344 shares of the Internet company based in Singapore’s stock after acquiring an additional 49,684 shares during the quarter. Swedbank AB’s holdings in SEA were worth $13,514,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Rosenberg Matthew Hamilton boosted its stake 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 worth $28,000 after acquiring an additional 203 shares in the last quarter. SOA Wealth Advisors LLC. acquired a new position in shares of SEA in the 2nd quarter valued at $32,000. Hexagon Capital Partners LLC increased its stake in SEA by 63.1% in 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 in the last quarter. Icon Wealth Advisors LLC acquired a new stake in SEA during the 3rd quarter worth about $47,000. Finally, First Horizon Advisors Inc. lifted its stake in 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 valued at $66,000 after buying an additional 499 shares in the last quarter. 59.53% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research analysts have recently weighed in on the stock. Dbs Bank raised shares of SEA from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, November 13th. Wedbush reiterated an “outperform” rating and set a $105.00 price objective (up from $84.00) on shares of SEA in a research report on Monday, November 4th. TD Cowen increased their target price on SEA from $69.00 to $100.00 and gave the company a “hold” rating in a report on Wednesday, November 13th. Phillip Securities reiterated a “reduce” rating and set a $100.00 price target (up previously from $80.00) on shares of SEA in a report on Tuesday, November 19th. Finally, Benchmark raised their price objective on SEA from $94.00 to $130.00 and gave the stock a “buy” rating in a research report on Wednesday, November 13th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, SEA presently has a consensus rating of “Moderate Buy” and an average target price of $91.21.

SEA Trading Down 0.1 %

NYSE:SE opened at $113.91 on Wednesday. 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 company has a market capitalization of $65.20 billion, a P/E ratio of 759.40 and a beta of 1.52. The stock’s 50 day moving average price is $98.08 and its 200 day moving average price is $81.55. Sea Limited has a 52 week low of $34.35 and a 52 week high of $117.85.

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 for the quarter, missing analysts’ consensus estimates of $0.59 by ($0.35). The business 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 firm’s revenue for the quarter was up 30.8% compared to the same quarter last year. During the same quarter in the prior year, the business posted ($0.26) EPS. On average, research analysts forecast that Sea Limited will post 0.81 EPS for the current fiscal year.

SEA 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.