Dakota Wealth Management Takes Position in Sea Limited (NYSE:SE)

Dakota Wealth Management purchased a new stake in Sea Limited (NYSE:SE) during the third quarter, according to its most recent filing with the SEC. The firm purchased 9,044 shares of the Internet company based in Singapore’s stock, valued at approximately $853,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Kaizen Investment Management Pte. Ltd. purchased a new position in shares of SEA in the 3rd quarter valued at $587,544,000. BOCHK Asset Management Ltd increased its holdings in shares of SEA by 280.0% in the 3rd quarter. BOCHK Asset Management Ltd now owns 1,900 shares of the Internet company based in Singapore’s stock valued at $179,000 after acquiring an additional 1,400 shares during the period. IFM Investors Pty Ltd boosted its position in shares of SEA by 0.5% in the 3rd quarter. IFM Investors Pty Ltd now owns 71,778 shares of the Internet company based in Singapore’s stock worth $6,767,000 after purchasing an additional 336 shares in the last quarter. CENTRAL TRUST Co acquired a new stake in shares of SEA in the 3rd quarter worth $510,000. Finally, International Assets Investment Management LLC acquired a new stake in shares of SEA in the 3rd quarter worth $3,164,000. 59.53% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on SE shares. Benchmark raised their price objective on SEA from $87.00 to $94.00 and gave the stock a “buy” rating in a research report on Wednesday, August 14th. Wedbush reissued an “outperform” rating and issued a $84.00 price objective (up previously from $76.00) on shares of SEA in a research report on Tuesday, August 13th. Barclays raised their price objective on SEA from $87.00 to $94.00 and gave the stock an “overweight” rating in a research report on Thursday, August 15th. Citigroup lowered their price objective on 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 raised their price objective on 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 assigned a buy rating to the stock. According to data from MarketBeat, SEA has an average rating of “Moderate Buy” and a consensus target price of $80.92.

SEA Stock Performance

NYSE SE opened at $99.15 on Monday. The stock has a 50-day simple moving average of $88.56 and a two-hundred day simple moving average of $75.42. The firm has a market capitalization of $56.75 billion, a P/E ratio of 1,983.00 and a beta of 1.52. Sea Limited has a fifty-two week low of $34.35 and a fifty-two week high of $101.93. 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 (NYSE:SE) last released its quarterly earnings data on Tuesday, August 13th. The Internet company based in Singapore reported $0.14 earnings per share for the quarter, missing analysts’ consensus estimates of $0.59 by ($0.45). The company had revenue of $3.81 billion for the quarter, compared to analysts’ expectations 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 quarterly revenue was up 23.0% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.54 EPS. On average, equities analysts forecast that Sea Limited will post 0.64 earnings per share for the current 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.