West Tower Group LLC Acquires 1,500 Shares of Sea Limited (NYSE:SE)

West Tower Group LLC boosted its holdings in Sea Limited (NYSE:SE) by 100.0% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 3,000 shares of the Internet company based in Singapore’s stock after purchasing an additional 1,500 shares during the period. West Tower Group LLC’s holdings in SEA were worth $283,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in the business. Rosenberg Matthew Hamilton raised its stake in shares of SEA by 213.7% during the third quarter. Rosenberg Matthew Hamilton now owns 298 shares of the Internet company based in Singapore’s stock valued at $28,000 after acquiring an additional 203 shares during the last quarter. SOA Wealth Advisors LLC. purchased a new stake in SEA in the second quarter worth about $32,000. Truvestments Capital LLC bought a new position in shares of SEA in the third quarter worth approximately $41,000. Hexagon Capital Partners LLC lifted its stake in shares of SEA by 63.1% in the second quarter. Hexagon Capital Partners LLC now owns 654 shares of the Internet company based in Singapore’s stock worth $47,000 after buying an additional 253 shares in the last quarter. Finally, Icon Wealth Advisors LLC bought a new position in shares of SEA in the third quarter worth approximately $47,000. 59.53% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on SE shares. TD Cowen upped their target price on shares of SEA from $69.00 to $100.00 and gave the stock a “hold” rating in a research note on Wednesday, November 13th. Benchmark increased their price objective on shares of SEA from $94.00 to $130.00 and gave the company a “buy” rating in a research report on Wednesday, November 13th. Barclays increased their price objective on shares of SEA from $94.00 to $131.00 and gave the company an “overweight” rating in a research report on Thursday, November 14th. Phillip Securities restated 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. Finally, JPMorgan Chase & Co. upgraded shares of SEA from a “neutral” rating to an “overweight” rating and increased their price target for the stock from $66.00 to $90.00 in a research report on Wednesday, August 14th. One research analyst has rated the stock with a sell rating, two have given a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, SEA currently has a consensus rating of “Moderate Buy” and a consensus target price of $91.21.

SEA Stock Performance

SE opened at $114.00 on Tuesday. The stock has a market capitalization of $65.25 billion, a price-to-earnings ratio of 760.00 and a beta of 1.52. The company has a fifty day moving average of $97.40 and a 200 day moving average of $81.22. Sea Limited has a fifty-two week low of $34.35 and a fifty-two week high of $117.85. 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 (NYSE:SE) last posted 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 net margin of 0.64% and a return on equity of 1.40%. The business’s revenue was up 30.8% on a year-over-year basis. During the same period in the previous year, the business posted ($0.26) earnings per share. As a group, sell-side analysts forecast that Sea Limited will post 0.81 earnings per share for the current fiscal year.

About SEA

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.