Parallel Advisors LLC Boosts Holdings in Sea Limited (NYSE:SE)

Parallel Advisors LLC lifted its stake in shares of Sea Limited (NYSE:SEFree Report) by 42.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,195 shares of the Internet company based in Singapore’s stock after purchasing an additional 1,256 shares during the period. Parallel Advisors LLC’s holdings in SEA were worth $170,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently modified their holdings of SE. Artisan Partners Limited Partnership lifted its holdings in SEA by 11.3% in the 4th quarter. Artisan Partners Limited Partnership now owns 4,131,880 shares of the Internet company based in Singapore’s stock valued at $167,341,000 after purchasing an additional 420,802 shares in the last quarter. EverSource Wealth Advisors LLC boosted its position in SEA by 38.6% during the fourth quarter. EverSource Wealth Advisors LLC now owns 1,414 shares of the Internet company based in Singapore’s stock worth $57,000 after acquiring an additional 394 shares during the last quarter. Trexquant Investment LP purchased a new stake in SEA during the 4th quarter valued at about $4,077,000. Dynamic Technology Lab Private Ltd purchased a new stake in SEA during the 4th quarter valued at about $337,000. Finally, Norges Bank purchased a new position in SEA in the 4th quarter worth approximately $640,219,000. Institutional investors and hedge funds own 59.53% of the company’s stock.

SEA Trading Up 2.7 %

Shares of NYSE SE opened at $69.33 on Tuesday. The stock has a fifty day simple moving average of $62.47 and a 200-day simple moving average of $49.76. Sea Limited has a twelve month low of $34.35 and a twelve month high of $74.33. The company has a current ratio of 1.46, a quick ratio of 1.44 and a debt-to-equity ratio of 0.43. The stock has a market capitalization of $39.68 billion, a PE ratio of 1,386.60 and a beta of 1.53.

SEA (NYSE:SEGet Free Report) last released its earnings results on Tuesday, May 14th. The Internet company based in Singapore reported ($0.04) earnings per share for the quarter, missing the consensus estimate of $0.36 by ($0.40). The firm had revenue of $3.73 billion during the quarter, compared to analyst estimates of $3.64 billion. SEA had a net margin of 0.39% and a return on equity of 0.80%. The business’s revenue was up 22.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.15 earnings per share. On average, equities analysts forecast that Sea Limited will post 0.67 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research firms recently commented on SE. JPMorgan Chase & Co. raised SEA from a “neutral” rating to an “overweight” rating and increased their price target for the company from $43.00 to $70.00 in a report on Tuesday, March 5th. Bank of America raised their target price on SEA from $70.00 to $75.00 and gave the stock a “buy” rating in a research note on Wednesday, May 15th. Barclays boosted their price target on shares of SEA from $85.00 to $87.00 and gave the company an “overweight” rating in a research report on Thursday, May 16th. Benchmark raised their price objective on shares of SEA from $78.00 to $87.00 and gave the stock a “buy” rating in a research report on Wednesday, May 15th. Finally, Loop Capital upgraded shares of SEA from a “hold” rating to a “buy” rating and boosted their target price for the company from $59.00 to $92.00 in a report on Wednesday, April 24th. Four research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $72.73.

View Our Latest Stock Report on SE

SEA Company Profile

(Free Report)

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 promotes eSports operations.

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Institutional Ownership by Quarter for SEA (NYSE:SE)

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