Intech Investment Management LLC Purchases 532 Shares of Sea Limited (NYSE:SE)

Intech Investment Management LLC raised its position in shares of Sea Limited (NYSE:SE – Get Rating) by 5.5% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 10,132 shares of the Internet company based in Singapore’s stock after acquiring an additional 532 shares during the quarter. Intech Investment Management LLC’s holdings in SEA were worth $527,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of the company. Whittier Trust Co. of Nevada Inc. boosted its position in shares of SEA by 107.1% in the 4th quarter. Whittier Trust Co. of Nevada Inc. now owns 580 shares of the Internet company based in Singapore’s stock worth $30,000 after purchasing an additional 300 shares in the last quarter. Tradition Wealth Management LLC raised its holdings in SEA by 50.4% in the 4th quarter. Tradition Wealth Management LLC now owns 812 shares of the Internet company based in Singapore’s stock worth $42,000 after acquiring an additional 272 shares during the last quarter. CWM LLC raised its holdings in SEA by 26.3% in the 4th quarter. CWM LLC now owns 1,053 shares of the Internet company based in Singapore’s stock worth $55,000 after acquiring an additional 219 shares during the last quarter. IFP Advisors Inc raised its holdings in SEA by 56.3% in the 3rd quarter. IFP Advisors Inc now owns 2,247 shares of the Internet company based in Singapore’s stock worth $62,000 after acquiring an additional 809 shares during the last quarter. Finally, Laffer Tengler Investments purchased a new position in SEA in the 1st quarter worth approximately $66,000. 74.92% of the stock is owned by institutional investors.

SEA Price Performance

Shares of NYSE SE opened at $69.44 on Monday. The firm’s 50-day moving average price is $80.22 and its 200-day moving average price is $66.88. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.81 and a current ratio of 1.87. Sea Limited has a 12-month low of $40.67 and a 12-month high of $93.70.

SEA (NYSE:SE – Get Rating) last posted 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). SEA had a negative return on equity of 14.44% and a negative net margin of 7.83%. The firm had revenue of $3.04 billion during the quarter, compared to analysts’ expectations of $3.04 billion. During the same period last year, the company earned ($1.04) earnings per share. The business’s revenue for the quarter was up 4.9% compared to the same quarter last year. On average, equities research analysts expect that Sea Limited will post 1.75 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on SE. Sanford C. Bernstein boosted their price objective on shares of SEA from $80.00 to $100.00 and gave the stock an “outperform” rating in a report on Wednesday, March 22nd. Benchmark started coverage on shares of SEA in a research note on Thursday, April 20th. They set a “buy” rating and a $105.00 target price for the company. The Goldman Sachs Group upgraded shares of SEA from a “buy” rating to a “conviction-buy” rating in a research note on Thursday, February 16th. Citigroup boosted their target price on shares of SEA from $105.00 to $110.00 and gave the company a “buy” rating in a research note on Wednesday, March 8th. Finally, HSBC boosted their target price on shares of SEA from $92.00 to $94.00 in a research note on Wednesday, May 17th. Seven research 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 stock. According to MarketBeat, SEA currently has an average rating of “Moderate Buy” and a consensus target price of $90.88.

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.