GAMMA Investing LLC Boosts Stock Holdings in Sea Limited (NYSE:SE)

GAMMA Investing LLC raised its stake in Sea Limited (NYSE:SE) by 29.7% during the fourth quarter, HoldingsChannel.com reports. The fund owned 1,645 shares of the Internet company based in Singapore’s stock after purchasing an additional 377 shares during the quarter. GAMMA Investing LLC’s holdings in SEA were worth $175,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of SE. Rosenberg Matthew Hamilton raised its stake in 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 purchasing an additional 203 shares in the last quarter. Truvestments Capital LLC purchased a new stake in shares of SEA during the 3rd quarter valued at about $41,000. Icon Wealth Advisors LLC purchased a new stake in shares of SEA during the 3rd quarter valued at about $47,000. TD Private Client Wealth LLC grew its position in SEA by 33.7% in the third quarter. TD Private Client Wealth LLC now owns 603 shares of the Internet company based in Singapore’s stock worth $57,000 after acquiring an additional 152 shares in the last quarter. Finally, SOA Wealth Advisors LLC. increased its stake in SEA by 33.3% during the third quarter. SOA Wealth Advisors LLC. now owns 600 shares of the Internet company based in Singapore’s stock worth $57,000 after acquiring an additional 150 shares during the last quarter. Hedge funds and other institutional investors own 59.53% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on SE shares. Wedbush reaffirmed an “outperform” rating and issued a $105.00 price objective (up from $84.00) on shares of SEA in a research note on Monday, November 4th. Phillip Securities reaffirmed a “reduce” rating and set a $100.00 price objective (up from $80.00) on shares of SEA in a research note on Tuesday, November 19th. Barclays boosted 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. Dbs Bank upgraded shares of SEA from a “hold” rating to a “strong-buy” rating in a report on Wednesday, November 13th. Finally, Benchmark upped their price target on shares of SEA from $94.00 to $130.00 and gave the company a “buy” rating in a report on Wednesday, November 13th. One research analyst has rated the stock with a sell rating, two have issued a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $91.21.

SEA Trading Up 2.5 %

NYSE:SE opened at $109.10 on Thursday. The firm has a 50-day simple moving average of $108.91 and a 200-day simple moving average of $90.52. Sea Limited has a one year low of $34.35 and a one year high of $119.47. The firm has a market cap of $62.44 billion, a P/E ratio of 727.33 and a beta of 1.54. 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 issued its quarterly earnings data on Tuesday, November 12th. The Internet company based in Singapore reported $0.24 EPS for the quarter, missing analysts’ consensus estimates of $0.59 by ($0.35). The business had revenue of $4.33 billion during the quarter, compared to the consensus estimate of $4.09 billion. SEA had a return on equity of 1.40% and a net margin of 0.64%. The business’s quarterly revenue was up 30.8% on a year-over-year basis. During the same period last year, the firm earned ($0.26) EPS. Equities analysts anticipate that Sea Limited will post 0.81 EPS for the current fiscal year.

SEA Company Profile

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.