2,440 Shares in Sea Limited (NYSE:SE) Bought by Arkadios Wealth Advisors

Arkadios Wealth Advisors purchased a new stake in Sea Limited (NYSE:SE) in the 3rd quarter, HoldingsChannel reports. The fund purchased 2,440 shares of the Internet company based in Singapore’s stock, valued at approximately $230,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Baillie Gifford & Co. boosted its stake in shares of SEA by 0.4% in the second quarter. Baillie Gifford & Co. now owns 34,268,428 shares of the Internet company based in Singapore’s stock valued at $2,447,451,000 after purchasing an additional 148,980 shares during the period. Kaizen Investment Management Pte. Ltd. purchased a new position in SEA in the 3rd quarter valued at about $587,544,000. Kora Management LP grew its stake in shares of SEA by 9.4% during the first quarter. Kora Management LP now owns 4,637,500 shares of the Internet company based in Singapore’s stock valued at $249,080,000 after acquiring an additional 400,000 shares in the last quarter. Eminence Capital LP increased its position in shares of SEA by 45.2% during the second quarter. Eminence Capital LP now owns 4,522,441 shares of the Internet company based in Singapore’s stock worth $322,993,000 after acquiring an additional 1,408,314 shares during the last quarter. Finally, Kontiki Capital Management HK Ltd. lifted its stake in shares of SEA by 1.9% in the first quarter. Kontiki Capital Management HK Ltd. now owns 3,744,416 shares of the Internet company based in Singapore’s stock worth $201,113,000 after acquiring an additional 68,900 shares in the last quarter. Institutional investors and hedge funds own 59.53% of the company’s stock.

SEA Trading Down 1.4 %

Shares of NYSE SE opened at $94.05 on Friday. Sea Limited has a 12-month low of $34.35 and a 12-month high of $101.93. The company has a market cap of $53.83 billion, a price-to-earnings ratio of 1,866.40 and a beta of 1.52. The company has a current ratio of 1.49, a quick ratio of 1.48 and a debt-to-equity ratio of 0.41. The stock’s 50 day simple moving average is $89.46 and its 200 day simple moving average is $76.16.

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

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the company. Benchmark raised their price objective on SEA from $87.00 to $94.00 and gave the company a “buy” rating in a research note on Wednesday, August 14th. Wedbush restated an “outperform” rating and issued a $84.00 price target (up previously from $76.00) on shares of SEA in a research note on Tuesday, August 13th. TD Cowen increased their price objective on shares of SEA from $64.00 to $69.00 and gave the company a “hold” rating in a research note on Wednesday, August 14th. Citigroup dropped their target price on shares of SEA from $81.00 to $80.00 and set a “buy” rating for the company in a research report on Tuesday, July 23rd. Finally, Bank of America increased their price target on shares of SEA from $84.00 to $96.00 and gave the stock a “buy” rating in a research report on Monday, September 23rd. Three investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $80.92.

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.