Diversify Wealth Management LLC Makes New Investment in Sea Limited (NYSE:SE)

Diversify Wealth Management LLC acquired a new stake in shares of Sea Limited (NYSE:SE) in the fourth quarter, Holdings Channel reports. The firm acquired 9,186 shares of the Internet company based in Singapore’s stock, valued at approximately $995,000.

Other large investors have also recently modified their holdings of the company. American Century Companies Inc. boosted its position in shares of SEA by 17.0% during the second quarter. American Century Companies Inc. now owns 25,288 shares of the Internet company based in Singapore’s stock valued at $1,806,000 after buying an additional 3,666 shares during the last quarter. Envestnet Asset Management Inc. grew its stake in shares of SEA by 130.8% during the 2nd quarter. Envestnet Asset Management Inc. now owns 182,377 shares of the Internet company based in Singapore’s stock valued at $13,025,000 after purchasing an additional 103,365 shares during the period. Dimensional Fund Advisors LP grew its position in shares of SEA by 445.4% during the 2nd quarter. Dimensional Fund Advisors LP now owns 51,096 shares of the Internet company based in Singapore’s stock valued at $3,649,000 after acquiring an additional 41,728 shares during the period. Vanguard Personalized Indexing Management LLC increased its position in SEA by 13.9% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 9,960 shares of the Internet company based in Singapore’s stock worth $711,000 after buying an additional 1,214 shares in the last quarter. Finally, Skandinaviska Enskilda Banken AB publ increased its holdings in SEA by 26.0% in the 2nd quarter. Skandinaviska Enskilda Banken AB publ now owns 57,221 shares of the Internet company based in Singapore’s stock worth $4,087,000 after acquiring an additional 11,800 shares in the last quarter. Hedge funds and other institutional investors own 59.53% of the company’s stock.

SEA Price Performance

NYSE SE opened at $115.13 on Tuesday. The company has a market cap of $65.89 billion, a PE 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. Sea Limited has a 52-week low of $34.64 and a 52-week high of $119.47. The firm’s 50 day moving average price is $111.40 and its 200-day moving average price is $92.80.

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 analysts’ expectations of $4.09 billion. SEA had a return on equity of 1.40% and a net margin of 0.64%. The firm’s revenue for the quarter was up 30.8% on a year-over-year basis. During the same period in the prior year, the firm posted ($0.26) EPS. Sell-side analysts forecast that Sea Limited will post 0.81 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

SE has been the subject of a number of analyst reports. Barclays increased their price target on SEA from $94.00 to $131.00 and gave the stock an “overweight” rating in a research note on Thursday, November 14th. TD Cowen raised their price target 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 objective (up previously from $80.00) on shares of SEA in a research report on Tuesday, November 19th. Wedbush reaffirmed an “outperform” rating and issued a $105.00 price objective (up from $84.00) on shares of SEA in a research note on Monday, November 4th. Finally, Dbs Bank raised shares of 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 assigned a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $91.21.

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.