Commonwealth Equity Services LLC Grows Position in Sea Limited (NYSE:SE)

Commonwealth Equity Services LLC increased its holdings in Sea Limited (NYSE:SE – Get Rating) by 2.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 41,904 shares of the Internet company based in Singapore’s stock after acquiring an additional 1,093 shares during the quarter. Commonwealth Equity Services LLC’s holdings in SEA were worth $2,180,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in SE. Advisors Asset Management Inc. increased its holdings in shares of SEA by 13.2% during the first quarter. Advisors Asset Management Inc. now owns 1,312 shares of the Internet company based in Singapore’s stock valued at $157,000 after acquiring an additional 153 shares in the last quarter. Sculati Wealth Management LLC increased its holdings in shares of SEA by 3.3% during the third quarter. Sculati Wealth Management LLC now owns 5,697 shares of the Internet company based in Singapore’s stock valued at $319,000 after acquiring an additional 184 shares in the last quarter. CWM LLC increased its holdings in shares of SEA by 26.3% during the fourth quarter. CWM LLC now owns 1,053 shares of the Internet company based in Singapore’s stock valued at $55,000 after acquiring an additional 219 shares in the last quarter. Ninety One UK Ltd increased its holdings in shares of SEA by 2.2% during the fourth quarter. Ninety One UK Ltd now owns 11,360 shares of the Internet company based in Singapore’s stock valued at $591,000 after acquiring an additional 243 shares in the last quarter. Finally, Tradition Wealth Management LLC increased its holdings in shares of SEA by 50.4% during the fourth quarter. Tradition Wealth Management LLC now owns 812 shares of the Internet company based in Singapore’s stock valued at $42,000 after acquiring an additional 272 shares in the last quarter. 74.92% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on SE. Citigroup increased their price target on shares of SEA from $105.00 to $110.00 and gave the stock a “buy” rating in a report on Wednesday, March 8th. UBS Group downgraded shares of SEA from a “buy” rating to a “neutral” rating and cut their price target for the stock from $105.00 to $92.00 in a report on Thursday, April 20th. The Goldman Sachs Group raised shares of SEA from a “buy” rating to a “conviction-buy” rating in a research note on Thursday, February 16th. TD Cowen raised their price objective on shares of SEA from $60.00 to $64.00 and gave the stock a “market perform” rating in a research note on Wednesday, March 8th. Finally, Jefferies Financial Group raised their price objective on shares of SEA from $104.00 to $115.00 and gave the stock a “buy” rating in a research note on Tuesday, March 7th. Seven analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, SEA currently has a consensus rating of “Moderate Buy” and a consensus price target of $96.39.

SEA Stock Performance

Shares of SE stock opened at $72.45 on Wednesday. The stock’s fifty day moving average is $80.60 and its two-hundred day moving average is $66.41. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.81 and a current ratio of 1.83. Sea Limited has a fifty-two week low of $40.67 and a fifty-two week high of $93.70.

SEA (NYSE:SE – Get Rating) last announced its quarterly earnings data on Tuesday, May 16th. The Internet company based in Singapore reported $0.15 earnings per share for the quarter, missing analysts’ consensus estimates of $0.64 by ($0.49). The firm had revenue of $3.04 billion during the quarter, compared to analysts’ expectations of $3.04 billion. SEA had a negative net margin of 13.28% and a negative return on equity of 26.25%. The company’s revenue for the quarter was up 4.9% on a year-over-year basis. During the same quarter in the previous year, the business posted ($1.04) EPS. As a group, research analysts forecast that Sea Limited will post 2.22 earnings per share for the current fiscal year.

SEA Company Profile

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Sea Ltd. is an internet and mobile platform company, which engages in the provision of online gaming services. It operates through the following segments: Digital Entertainment, E-Commerce, and Digital Financial Services. The Digital Entertainment segment offers and develops mobile and PC online games.