Dakota Wealth Management Acquires 7,072 Shares of Sea Limited (NYSE:SE)

Dakota Wealth Management boosted its holdings in shares of Sea Limited (NYSE:SE) by 78.2% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 16,116 shares of the Internet company based in Singapore’s stock after acquiring an additional 7,072 shares during the quarter. Dakota Wealth Management’s holdings in SEA were worth $1,710,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Duquesne Family Office LLC bought a new position in SEA during the second quarter valued at approximately $4,778,000. WCM Investment Management LLC raised its position in SEA by 35.9% during the third quarter. WCM Investment Management LLC now owns 20,902,378 shares of the Internet company based in Singapore’s stock valued at $1,971,303,000 after acquiring an additional 5,517,559 shares in the last quarter. Perpetual Ltd raised its position in SEA by 3,033.0% during the fourth quarter. Perpetual Ltd now owns 2,098,003 shares of the Internet company based in Singapore’s stock valued at $222,598,000 after acquiring an additional 2,031,038 shares in the last quarter. Robeco Institutional Asset Management B.V. raised its position in SEA by 1.8% during the third quarter. Robeco Institutional Asset Management B.V. now owns 404,096 shares of the Internet company based in Singapore’s stock valued at $38,098,000 after acquiring an additional 7,175 shares in the last quarter. Finally, M&T Bank Corp raised its position in SEA by 2,163.9% during the third quarter. M&T Bank Corp now owns 74,505 shares of the Internet company based in Singapore’s stock valued at $7,024,000 after acquiring an additional 71,214 shares in the last quarter. Institutional investors own 59.53% of the company’s stock.

Analysts Set New Price Targets

SE has been the topic of several recent research reports. TD Cowen raised their price objective on shares of SEA from $69.00 to $100.00 and gave the company a “hold” rating in a research report on Wednesday, November 13th. Wedbush reiterated an “outperform” rating and set a $105.00 price target (up previously from $84.00) on shares of SEA in a report on Monday, November 4th. Benchmark increased their price target on SEA from $94.00 to $130.00 and gave the company a “buy” rating in a report on Wednesday, November 13th. Dbs Bank upgraded SEA from a “hold” rating to a “strong-buy” rating in a report on Wednesday, November 13th. Finally, 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. One analyst has rated the stock with a sell rating, two have assigned a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $91.21.

SEA Stock Down 1.6 %

SE opened at $116.44 on Friday. Sea Limited has a fifty-two week low of $38.10 and a fifty-two week high of $119.47. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.62 and a quick ratio of 1.60. The firm’s fifty day moving average price is $112.14 and its two-hundred day moving average price is $93.46. The company has a market capitalization of $66.64 billion, a P/E ratio of 776.24 and a beta of 1.54.

SEA (NYSE:SE) last issued its quarterly earnings data on Tuesday, November 12th. The Internet company based in Singapore reported $0.24 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 firm’s revenue was up 30.8% compared to the same quarter last year. During the same period in the previous year, the business posted ($0.26) earnings per share. On average, analysts anticipate that Sea Limited will post 0.76 EPS 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.