Sanctuary Advisors LLC Has $586,000 Stock Position in Sea Limited (NYSE:SE)

Sanctuary Advisors LLC grew its stake in Sea Limited (NYSE:SE) by 14.4% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 6,214 shares of the Internet company based in Singapore’s stock after buying an additional 782 shares during the quarter. Sanctuary Advisors LLC’s holdings in SEA were worth $586,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in SE. Duquesne Family Office LLC acquired a new position in shares of SEA during the 2nd quarter worth about $4,778,000. WCM Investment Management LLC boosted 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 purchasing an additional 5,517,559 shares during the last quarter. Robeco Institutional Asset Management B.V. grew its stake in SEA by 1.8% in 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 purchasing an additional 7,175 shares in the last quarter. Toronto Dominion Bank increased its position in shares of SEA by 28.2% during the 2nd quarter. Toronto Dominion Bank now owns 892,969 shares of the Internet company based in Singapore’s stock worth $63,776,000 after purchasing an additional 196,506 shares during the last quarter. Finally, Kaizen Investment Management Pte. Ltd. bought a new stake in shares of SEA during the 3rd quarter worth approximately $587,544,000. Institutional investors own 59.53% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently weighed in on SE. Bank of America raised their target price on shares of SEA from $84.00 to $96.00 and gave the company a “buy” rating in a research note on Monday, September 23rd. Barclays lifted 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 reaffirmed a “reduce” rating and issued a $100.00 target price (up from $80.00) on shares of SEA in a report on Tuesday, November 19th. Benchmark raised their price objective on SEA from $94.00 to $130.00 and gave the company a “buy” rating in a research report on Wednesday, November 13th. Finally, TD Cowen boosted their target price on SEA from $69.00 to $100.00 and gave the stock a “hold” rating in a report on Wednesday, November 13th. 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 company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $91.21.

SEA Stock Performance

NYSE SE opened at $111.47 on Thursday. The firm has a 50-day moving average price of $107.17 and a two-hundred day moving average price of $88.25. Sea Limited has a 12-month low of $34.35 and a 12-month high of $119.47. The company has a market capitalization of $63.80 billion, a P/E ratio of 743.13 and a beta of 1.53. The company has a quick ratio of 1.60, a current ratio of 1.62 and a debt-to-equity ratio of 0.36.

SEA (NYSE:SE) last issued its quarterly earnings results on Tuesday, November 12th. The Internet company based in Singapore reported $0.24 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.59 by ($0.35). The company had revenue of $4.33 billion during 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 company’s quarterly revenue was up 30.8% on a year-over-year basis. During the same quarter last year, the firm posted ($0.26) earnings per share. Analysts anticipate that Sea Limited will post 0.81 earnings per share for the current year.

About SEA

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.