SlateStone Wealth LLC lowered its position in Sea Limited (NYSE:SE – Get Rating) by 88.8% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,081 shares of the Internet company based in Singapore’s stock after selling 8,563 shares during the quarter. SlateStone Wealth LLC’s holdings in SEA were worth $242,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors have also recently added to or reduced their stakes in the company. Ahrens Investment Partners LLC acquired a new stake in SEA during the 4th quarter valued at approximately $28,000. Eaton Vance Management increased its position in SEA by 76.2% during the 3rd quarter. Eaton Vance Management now owns 215 shares of the Internet company based in Singapore’s stock valued at $37,000 after purchasing an additional 93 shares during the period. Paragon Capital Management Ltd acquired a new stake in SEA during the 4th quarter valued at approximately $38,000. Bbva USA acquired a new stake in shares of SEA during the 3rd quarter worth approximately $39,000. Finally, Whittier Trust Co. of Nevada Inc. grew its position in shares of SEA by 45.1% during the 4th quarter. Whittier Trust Co. of Nevada Inc. now owns 254 shares of the Internet company based in Singapore’s stock worth $57,000 after buying an additional 79 shares during the period. 98.97% of the stock is owned by institutional investors.
Several analysts have recently commented on SE shares. Sanford C. Bernstein reduced their price objective on shares of SEA from $330.00 to $250.00 in a research report on Wednesday, March 2nd. Zacks Investment Research cut SEA from a “hold” rating to a “sell” rating in a report on Wednesday. Morgan Stanley reiterated a “buy” rating and issued a $220.00 target price on shares of SEA in a report on Friday. JPMorgan Chase & Co. cut SEA from an “overweight” rating to a “neutral” rating and cut their target price for the stock from $250.00 to $105.00 in a report on Friday, March 4th. Finally, HSBC cut their target price on SEA from $265.00 to $150.00 and set a “buy” rating on the stock in a report on Monday, March 21st. One analyst has rated the stock with a sell rating, two have assigned a hold rating and thirteen have given a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus price target of $253.67.
SEA (NYSE:SE – Get Rating) last announced its quarterly earnings results on Tuesday, March 1st. The Internet company based in Singapore reported ($0.88) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($1.21) by $0.33. The firm had revenue of $3.22 billion for the quarter, compared to the consensus estimate of $2.99 billion. SEA had a negative return on equity of 36.72% and a negative net margin of 24.64%. The company’s quarterly revenue was up 105.7% on a year-over-year basis. During the same period in the prior year, the company posted ($1.06) earnings per share. Research analysts predict that Sea Limited will post -3.2 earnings per share for the current year.
SEA Profile (Get Rating)
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 provides Garena digital entertainment platform for users to access mobile and PC online games, as well as eSports operations; and access to other entertainment content, such as livestreaming of gameplay and social features, such as user chat and online forums.
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