Raymond James & Associates Sells 8,614 Shares of Sea Limited (NYSE:SE)

Raymond James & Associates trimmed its position in shares of Sea Limited (NYSE:SE) by 12.3% in the 4th quarter, Holdings Channel.com reports. The firm owned 61,628 shares of the Internet company based in Singapore’s stock after selling 8,614 shares during the quarter. Raymond James & Associates’ holdings in SEA were worth $2,496,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of SE. Sunbelt Securities Inc. increased its holdings in shares of SEA by 91.4% in the third quarter. Sunbelt Securities Inc. now owns 670 shares of the Internet company based in Singapore’s stock worth $29,000 after buying an additional 320 shares during the period. Tyler Stone Wealth Management bought a new stake in shares of SEA in the second quarter worth about $33,000. First Horizon Advisors Inc. boosted its position in SEA by 135.7% during the 1st quarter. First Horizon Advisors Inc. now owns 495 shares of the Internet company based in Singapore’s stock valued at $43,000 after acquiring an additional 285 shares in the last quarter. EverSource Wealth Advisors LLC boosted its position in SEA by 90.7% during the 3rd quarter. EverSource Wealth Advisors LLC now owns 1,020 shares of the Internet company based in Singapore’s stock valued at $45,000 after acquiring an additional 485 shares in the last quarter. Finally, Laffer Tengler Investments bought a new stake in SEA during the 1st quarter valued at approximately $66,000. 59.53% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts have weighed in on the company. Wedbush lifted their price objective on SEA from $45.00 to $72.00 and gave the company an “outperform” rating in a research report on Tuesday, March 5th. Daiwa Capital Markets raised SEA from a “neutral” rating to a “buy” rating in a research report on Friday, February 2nd. Morgan Stanley lifted their price objective on SEA from $47.00 to $65.00 and gave the company an “equal weight” rating in a research report on Wednesday, March 6th. Citigroup raised SEA from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $44.00 to $50.00 in a research report on Thursday, February 1st. Finally, Benchmark lifted their price objective on SEA from $65.00 to $78.00 and gave the company a “buy” rating in a research report on Tuesday, March 5th. Five research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $66.77.

SEA Price Performance

SE stock opened at $52.72 on Tuesday. Sea Limited has a 52-week low of $34.35 and a 52-week high of $88.39. The firm has a market capitalization of $29.77 billion, a price-to-earnings ratio of 219.67 and a beta of 1.50. The firm has a 50 day moving average price of $51.71 and a 200-day moving average price of $44.17. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.43 and a current ratio of 1.44.

SEA (NYSE:SE) last announced its quarterly earnings data on Monday, March 4th. The Internet company based in Singapore reported ($0.19) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.06) by ($0.13). SEA had a return on equity of 2.54% and a net margin of 1.27%. The firm had revenue of $3.62 billion during the quarter, compared to analysts’ expectations of $3.57 billion. During the same quarter in the previous year, the firm earned $0.72 earnings per share. SEA’s revenue was up 5.7% on a year-over-year basis. Equities research analysts forecast that Sea Limited will post 1.01 EPS for the current fiscal year.

About SEA

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 eSports operations.