UMB Bank n.a. Reduces Stock Position in Sea Limited (NYSE:SE)

UMB Bank n.a. trimmed its holdings in shares of Sea Limited (NYSE:SE) by 23.6% during the 2nd quarter, Holdings Channel reports. The institutional investor owned 908 shares of the Internet company based in Singapore’s stock after selling 280 shares during the quarter. UMB Bank n.a.’s holdings in SEA were worth $65,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Canton Hathaway LLC raised its position in SEA by 20.0% in the 2nd quarter. Canton Hathaway LLC now owns 1,200 shares of the Internet company based in Singapore’s stock worth $86,000 after purchasing an additional 200 shares during the period. Gulf International Bank UK Ltd raised its holdings in shares of SEA by 0.7% in the second quarter. Gulf International Bank UK Ltd now owns 28,958 shares of the Internet company based in Singapore’s stock worth $2,068,000 after buying an additional 213 shares during the period. Hexagon Capital Partners LLC lifted its stake in shares of SEA by 63.1% during the 2nd quarter. Hexagon Capital Partners LLC now owns 654 shares of the Internet company based in Singapore’s stock worth $47,000 after acquiring an additional 253 shares during the last quarter. GAMMA Investing LLC boosted its holdings in SEA by 121.3% during the 1st quarter. GAMMA Investing LLC now owns 613 shares of the Internet company based in Singapore’s stock valued at $33,000 after acquiring an additional 336 shares during the period. Finally, EverSource Wealth Advisors LLC grew its position in SEA by 38.6% in the 4th quarter. EverSource Wealth Advisors LLC now owns 1,414 shares of the Internet company based in Singapore’s stock valued at $57,000 after acquiring an additional 394 shares during the last quarter. Institutional investors own 59.53% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on SE shares. Benchmark boosted their target price on shares of SEA from $87.00 to $94.00 and gave the company a “buy” rating in a research note on Wednesday, August 14th. Loop Capital raised their target price on shares of SEA from $92.00 to $94.00 and gave the stock a “buy” rating in a research report on Monday, June 10th. JPMorgan Chase & Co. upgraded SEA from a “neutral” rating to an “overweight” rating and boosted their price target for the company from $66.00 to $90.00 in a report on Wednesday, August 14th. Bank of America raised their price objective on SEA from $77.00 to $84.00 and gave the stock a “buy” rating in a report on Wednesday, August 14th. Finally, Dbs Bank reissued a “hold” rating and set a $75.00 price target on shares of SEA in a research report on Friday, June 28th. Three equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $80.00.

SEA Stock Up 1.0 %

Shares of SE stock opened at $78.31 on Friday. The stock’s fifty day moving average price is $71.87 and its 200 day moving average price is $64.60. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.49 and a quick ratio of 1.48. Sea Limited has a 1-year low of $34.35 and a 1-year high of $83.69. The company has a market cap of $44.82 billion, a price-to-earnings ratio of 1,566.20 and a beta of 1.51.

SEA (NYSE:SE) last announced its quarterly earnings data on Tuesday, August 13th. The Internet company based in Singapore reported $0.14 EPS for the quarter, missing the consensus estimate of $0.59 by ($0.45). SEA had a negative net margin of 1.36% and a negative return on equity of 2.92%. The company had revenue of $3.81 billion during the quarter, compared to analysts’ expectations of $3.73 billion. During the same period in the previous year, the business earned $0.54 earnings per share. The business’s revenue for the quarter was up 23.0% compared to the same quarter last year. On average, research analysts expect that Sea Limited will post 0.62 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.