Sea Limited (NYSE:SE) Shares Bought by PNC Financial Services Group Inc.

PNC Financial Services Group Inc. boosted its position in shares of Sea Limited (NYSE:SE) by 322.8% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 37,327 shares of the Internet company based in Singapore’s stock after buying an additional 28,499 shares during the quarter. PNC Financial Services Group Inc.’s holdings in SEA were worth $3,519,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Rosenberg Matthew Hamilton grew its position in shares of SEA by 213.7% in 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 during the period. SOA Wealth Advisors LLC. acquired a new stake in shares of SEA in the second quarter valued at about $32,000. Hexagon Capital Partners LLC boosted its position in SEA by 63.1% during the second quarter. Hexagon Capital Partners LLC now owns 654 shares of the Internet company based in Singapore’s stock worth $47,000 after acquiring an additional 253 shares during the last quarter. Canton Hathaway LLC boosted its position in SEA by 20.0% during the second quarter. Canton Hathaway LLC now owns 1,200 shares of the Internet company based in Singapore’s stock worth $86,000 after acquiring an additional 200 shares during the last quarter. Finally, Advisors Asset Management Inc. boosted its position in SEA by 34.5% during the first quarter. Advisors Asset Management Inc. now owns 1,825 shares of the Internet company based in Singapore’s stock worth $98,000 after acquiring an additional 468 shares during the last quarter. Institutional investors and hedge funds own 59.53% of the company’s stock.

SEA Price Performance

SEA stock opened at $113.04 on Monday. The company’s 50 day simple moving average is $97.40 and its 200-day simple moving average is $81.22. The company has a market capitalization of $64.70 billion, a price-to-earnings ratio of 753.60 and a beta of 1.52. Sea Limited has a 1 year low of $34.35 and a 1 year high of $117.85. 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 released 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 analysts’ consensus estimates of $0.59 by ($0.35). The company had revenue of $4.33 billion during the quarter, compared to analysts’ expectations of $4.09 billion. SEA had a net margin of 0.64% and a return on equity of 1.40%. SEA’s revenue was up 30.8% on a year-over-year basis. During the same period last year, the firm posted ($0.26) earnings per share. As a group, equities research analysts expect that Sea Limited will post 0.81 earnings per share for the current year.

Analyst Upgrades and Downgrades

SE has been the topic of a number of recent research reports. Benchmark boosted their price target on shares of SEA from $94.00 to $130.00 and gave the stock a “buy” rating in a research report on Wednesday, November 13th. JPMorgan Chase & Co. upgraded shares of SEA from a “neutral” rating to an “overweight” rating and boosted their price target for the stock from $66.00 to $90.00 in a research report on Wednesday, August 14th. Dbs Bank upgraded shares of SEA from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, November 13th. Bank of America lifted their target price on shares of SEA from $84.00 to $96.00 and gave the stock a “buy” rating in a research note on Monday, September 23rd. Finally, Barclays lifted their target price on shares of SEA from $94.00 to $131.00 and gave the stock an “overweight” rating in a research note on Thursday, November 14th. One research analyst has rated the stock with a sell rating, two have given a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $91.21.

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.