Glenmede Trust Co. NA Boosts Stock Position in Sea Limited (NYSE:SE)

Glenmede Trust Co. NA grew its stake in shares of Sea Limited (NYSE:SE) by 590.1% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 23,319 shares of the Internet company based in Singapore’s stock after acquiring an additional 19,940 shares during the period. Glenmede Trust Co. NA’s holdings in SEA were worth $2,199,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in SE. Rosenberg Matthew Hamilton raised 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 worth $28,000 after buying an additional 203 shares in the last quarter. SOA Wealth Advisors LLC. purchased a new stake in shares of SEA in the second quarter worth $32,000. Truvestments Capital LLC purchased a new stake in shares of SEA in the third quarter worth $41,000. Hexagon Capital Partners LLC raised its position in shares of SEA by 63.1% in the second quarter. Hexagon Capital Partners LLC now owns 654 shares of the Internet company based in Singapore’s stock worth $47,000 after buying an additional 253 shares in the last quarter. Finally, Icon Wealth Advisors LLC purchased a new stake in shares of SEA in the third quarter worth $47,000. Hedge funds and other institutional investors own 59.53% of the company’s stock.

SEA Stock Down 1.7 %

Shares of NYSE:SE opened at $113.80 on Monday. The stock’s 50-day moving average price is $100.60 and its 200-day moving average price is $82.83. Sea Limited has a 12-month low of $34.35 and a 12-month high of $117.85. The stock has a market capitalization of $65.13 billion, a P/E ratio of 758.67 and a beta of 1.52. The company has a current ratio of 1.62, a quick ratio of 1.60 and a debt-to-equity ratio of 0.36.

SEA (NYSE:SE) last posted its 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 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 firm’s revenue for the quarter was up 30.8% compared to the same quarter last year. During the same period in the previous year, the business earned ($0.26) earnings per share. On average, equities analysts anticipate that Sea Limited will post 0.81 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on SE shares. Phillip Securities reiterated a “reduce” rating and issued a $100.00 price objective (up previously from $80.00) on shares of SEA in a research report on Tuesday, November 19th. JPMorgan Chase & Co. raised SEA from a “neutral” rating to an “overweight” rating and increased their target price for the company from $66.00 to $90.00 in a research note on Wednesday, August 14th. Barclays increased their target price on SEA from $94.00 to $131.00 and gave the company an “overweight” rating in a research note on Thursday, November 14th. Benchmark increased their target price on SEA from $94.00 to $130.00 and gave the company a “buy” rating in a research note on Wednesday, November 13th. Finally, Wedbush reissued an “outperform” rating and issued a $105.00 target price (up previously from $84.00) on shares of SEA in a research note on Monday, November 4th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, SEA presently has a consensus rating of “Moderate Buy” and an average target price of $91.21.

SEA Company 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.