Blue Trust Inc. increased its holdings in Sea Limited (NYSE:SE – Free Report) by 696.8% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 4,446 shares of the Singapore-based internet company after purchasing an additional 3,888 shares during the period. Blue Trust Inc.’s holdings in SEA were worth $318,000, according to its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors have also recently changed their hold on the company. SOA Wealth Advisors LLC. acquired a new stake in SEA in the second quarter valued at $32,000. GAMMA Investing LLC increased its holdings in SEA by 121.3% in the first quarter. GAMMA Investing LLC now owns 613 shares of the Singapore-based internet company’s stock valued at $33,000 after buying an additional 336 shares in the last quarter. Hexagon Capital Partners LLC increased its holdings in SEA by 63.1% in the second quarter. Hexagon Capital Partners LLC now owns 654 shares of the Singapore-based internet company’s stock valued at $47,000 after buying an additional 253 shares during the same period. EverSource Wealth Advisors LLC increased its holdings in SEA shares by 38.6% in the fourth quarter. EverSource Wealth Advisors LLC now owns 1,414 shares of the Singapore-based internet company’s stock valued at $57,000 after acquiring an additional 394 shares in the last quarter. Finally, Lindbrook Capital LLC increased its stake in SEA shares by 78.8% in the 1st quarter. Lindbrook Capital LLC now owns 1,198 shares of the Singapore-based internet company’s stock valued at $64,000 after acquiring an additional 528 shares during the same period. Hedge funds and other institutional investors own 59.53% of the company’s stock.
SEA share price development
SE stock opened at $78.82 on Friday. The company has a market cap of $45.11 billion, a P/E ratio of 1,576.40 and a beta of 1.51. The company has a 50-day moving average price of $70.56 and a 200-day moving average price of $61.85. The company has a current ratio of 1.46, a quick ratio of 1.44 and a debt-to-equity ratio of 0.43. Sea Limited has a 12-month low of $34.35 and a 12-month high of $80.08.
SEA (NYSE:SE – Get Free Report) last announced its quarterly earnings results on Tuesday, August 13. The Singapore-based internet company reported $0.14 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.59 by ($0.45). SEA had a negative return on equity of 2.96% and a negative net margin of 1.36%. The company posted revenue of $3.81 billion for the quarter, compared to analysts’ expectations of $3.73 billion. During the same period last year, the company posted earnings per share of $0.54. The company’s quarterly revenue grew 23.0% year-over-year. Sell-side analysts forecast that Sea Limited will report earnings per share of $0.62 for the current fiscal year.
Changes in analyst ratings
SE has been the subject of several research analyst reports. TD Cowen raised their price target on SEA from $64.00 to $69.00 and gave the stock a “hold” rating in a research report on Wednesday. Barclays raised their price target on SEA from $87.00 to $94.00 and gave the company an “overweight” rating in a report on Thursday. Benchmark raised their price target on shares of SEA from $87.00 to $94.00 and gave the stock a “buy” rating in a research note on Wednesday. Morgan Stanley raised SEA shares from an “equal weight” rating to an “overweight” rating and increased their price target on the stock from $65.00 to $70.00 in a research report on Monday, April 22nd. Finally, Wedbush reiterated an “outperform” rating and issued a price target of $84.00 (previously $76.00) on SEA shares in a report on Tuesday, August 13. Five equities analysts have rated the stock with a “hold” rating and eleven have given a “buy” rating. According to MarketBeat.com, the stock has a consensus rating of “moderate buy” and a consensus price target of $77.29.
Check out our latest report on SE
SEA company profile
(Free report)
Sea Limited, together with its subsidiaries, is engaged in digital entertainment, e-commerce and digital financial services in Southeast Asia, Latin America, the rest of Asia and internationally. The company provides the digital entertainment platform Garena, through which users can access online games for mobile and PC, and promotes eSports activities.
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