Commonwealth Equity Services LLC Raises Stock Position in Sea Limited (NYSE:SE)

Commonwealth Equity Services LLC grew its holdings in Sea Limited (NYSE:SE) by 190.4% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 29,036 shares of the Internet company based in Singapore’s stock after purchasing an additional 19,039 shares during the quarter. Commonwealth Equity Services LLC’s holdings in SEA were worth $2,074,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Norges Bank purchased a new position in SEA in the 4th quarter valued at approximately $640,219,000. Eminence Capital LP purchased a new position in SEA in the fourth quarter valued at $60,714,000. Healthcare of Ontario Pension Plan Trust Fund acquired a new position in SEA during the 1st quarter worth $60,171,000. Tree Line Advisors Hong Kong Ltd. purchased a new stake in SEA during the 1st quarter worth about $48,876,000. Finally, Wolf Hill Capital Management LP purchased a new position in SEA in the first quarter worth approximately $45,104,000. Institutional investors and hedge funds own 59.53% of the company’s stock.

Wall Street Analyst Weigh In

SE has been the subject of a number of recent analyst reports. Benchmark lifted their price target on SEA from $87.00 to $94.00 and gave the stock a “buy” rating in a report on Wednesday, August 14th. Citigroup decreased their target price on shares of SEA from $81.00 to $80.00 and set a “buy” rating for the company in a research note on Tuesday, July 23rd. Dbs Bank reaffirmed a “hold” rating and set a $75.00 price target on shares of SEA in a report on Friday, June 28th. Barclays raised their price objective on shares of SEA from $87.00 to $94.00 and gave the company an “overweight” rating in a research report on Thursday, August 15th. Finally, Bank of America upped their price target on shares of SEA from $77.00 to $84.00 and gave the stock a “buy” rating in a research note on Wednesday, August 14th. Three analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $80.00.

SEA Price Performance

SE stock opened at $79.13 on Friday. The stock’s 50 day moving average price is $72.82 and its 200 day moving average price is $66.71. The firm has a market cap of $45.29 billion, a P/E ratio of 1,582.60 and a beta of 1.51. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.48 and a current ratio of 1.49. Sea Limited has a 1 year low of $34.35 and a 1 year high of $83.69.

SEA (NYSE:SE) last issued its quarterly earnings results on Tuesday, August 13th. The Internet company based in Singapore reported $0.14 EPS for the quarter, missing analysts’ consensus estimates of $0.59 by ($0.45). The firm had revenue of $3.81 billion for the quarter, compared to analysts’ expectations of $3.73 billion. SEA had a negative return on equity of 2.92% and a negative net margin of 1.36%. The business’s quarterly revenue was up 23.0% compared to the same quarter last year. During the same quarter last year, the firm earned $0.54 earnings per share. On average, sell-side analysts expect that Sea Limited will post 0.64 earnings per share 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.