Raymond James & Associates Grows Stake in Sea Limited (NYSE:SE)

Raymond James & Associates boosted its position in Sea Limited (NYSE:SE) by 36.1% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 109,994 shares of the Internet company based in Singapore’s stock after purchasing an additional 29,166 shares during the period. Raymond James & Associates’ holdings in SEA were worth $7,856,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Blue Trust Inc. increased its stake in shares of SEA by 696.8% in the second quarter. Blue Trust Inc. now owns 4,446 shares of the Internet company based in Singapore’s stock worth $318,000 after purchasing an additional 3,888 shares in the last quarter. Coronation Fund Managers Ltd. boosted its position in shares of SEA by 10.7% in the second quarter. Coronation Fund Managers Ltd. now owns 1,174,342 shares of the Internet company based in Singapore’s stock valued at $83,872,000 after acquiring an additional 113,916 shares during the period. Swedbank AB grew its stake in SEA by 14.2% during the second quarter. Swedbank AB now owns 93,660 shares of the Internet company based in Singapore’s stock valued at $6,689,000 after acquiring an additional 11,660 shares in the last quarter. SOA Wealth Advisors LLC. purchased a new position in shares of SEA during the 2nd quarter valued at $32,000. Finally, Moseley Investment Management Inc. purchased a new stake in shares of SEA in the 2nd quarter valued at about $251,000. 59.53% of the stock is owned by institutional investors.

SEA Price Performance

SE opened at $82.83 on Tuesday. The stock’s 50 day moving average price is $71.57 and its 200-day moving average price is $63.87. Sea Limited has a 52-week low of $34.35 and a 52-week high of $83.69. The stock has a market capitalization of $47.41 billion, a PE ratio of 1,656.60 and a beta of 1.51. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.48 and a current ratio of 1.49.

SEA (NYSE:SE) last issued its quarterly earnings data on Tuesday, August 13th. The Internet company based in Singapore reported $0.14 EPS for the quarter, missing the consensus estimate of $0.59 by ($0.45). The company had revenue of $3.81 billion during the quarter, compared to the consensus estimate of $3.73 billion. SEA had a negative return on equity of 2.92% and a negative net margin of 1.36%. The firm’s revenue for the quarter was up 23.0% compared to the same quarter last year. During the same quarter last year, the company posted $0.54 earnings per share. On average, equities research analysts predict that Sea Limited will post 0.62 EPS for the current year.

Analyst Ratings Changes

A number of research firms have commented on SE. Loop Capital boosted their price target on shares of SEA from $92.00 to $94.00 and gave the stock a “buy” rating in a research note on Monday, June 10th. JPMorgan Chase & Co. upgraded SEA from a “neutral” rating to an “overweight” rating and boosted their target price for the stock from $66.00 to $90.00 in a research report on Wednesday, August 14th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and issued a $60.00 price target on shares of SEA in a research note on Wednesday, May 15th. Citigroup reduced their price objective on SEA from $81.00 to $80.00 and set a “buy” rating on the stock in a research note on Tuesday, July 23rd. Finally, TD Cowen raised their price target on SEA from $64.00 to $69.00 and gave the stock a “hold” rating in a research report on Wednesday, August 14th. Three analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $80.00.

SEA Company Profile

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.