2,967 Shares in Sea Limited (NYSE:SE) Acquired by Merit Financial Group LLC

Merit Financial Group LLC acquired a new stake in shares of Sea Limited (NYSE:SEFree Report) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 2,967 shares of the Internet company based in Singapore’s stock, valued at approximately $315,000.

Several other large investors have also recently added to or reduced their stakes in the stock. WCM Investment Management LLC grew its position in SEA by 35.9% in the third quarter. WCM Investment Management LLC now owns 20,902,378 shares of the Internet company based in Singapore’s stock worth $1,971,303,000 after acquiring an additional 5,517,559 shares in the last quarter. Robeco Institutional Asset Management B.V. lifted its stake in shares of SEA by 1.8% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 404,096 shares of the Internet company based in Singapore’s stock valued at $38,098,000 after purchasing an additional 7,175 shares during the last quarter. M&T Bank Corp boosted its holdings in SEA by 2,163.9% in the third quarter. M&T Bank Corp now owns 74,505 shares of the Internet company based in Singapore’s stock worth $7,024,000 after purchasing an additional 71,214 shares in the last quarter. Kaizen Investment Management Pte. Ltd. acquired a new position in SEA during the third quarter worth $587,544,000. Finally, TB Alternative Assets Ltd. raised its holdings in SEA by 579.1% during the third quarter. TB Alternative Assets Ltd. now owns 105,943 shares of the Internet company based in Singapore’s stock valued at $9,988,000 after buying an additional 90,343 shares in the last quarter. Institutional investors and hedge funds own 59.53% of the company’s stock.

SEA Trading Up 1.3 %

Shares of SE opened at $117.94 on Friday. The stock’s 50-day moving average price is $112.44 and its 200 day moving average price is $93.77. The company has a quick ratio of 1.60, a current ratio of 1.62 and a debt-to-equity ratio of 0.36. The firm has a market capitalization of $67.50 billion, a price-to-earnings ratio of 786.23 and a beta of 1.54. Sea Limited has a 12-month low of $38.10 and a 12-month high of $119.47.

SEA (NYSE:SEGet Free Report) last issued its earnings results on Tuesday, November 12th. The Internet company based in Singapore reported $0.24 EPS for the quarter, missing analysts’ consensus estimates of $0.59 by ($0.35). SEA had a net margin of 0.64% and a return on equity of 1.40%. The firm had revenue of $4.33 billion during the quarter, compared to analyst estimates of $4.09 billion. During the same quarter in the previous year, the company posted ($0.26) earnings per share. The business’s revenue for the quarter was up 30.8% compared to the same quarter last year. As a group, research analysts predict that Sea Limited will post 0.76 earnings per share for the current year.

Wall Street Analysts Forecast Growth

SE has been the subject of several recent analyst reports. TD Cowen upped their price target on SEA from $69.00 to $100.00 and gave the stock a “hold” rating in a research note on Wednesday, November 13th. Wedbush reaffirmed an “outperform” rating and set a $105.00 target price (up previously from $84.00) on shares of SEA in a research report on Monday, November 4th. Barclays lifted their price target on shares of SEA from $94.00 to $131.00 and gave the company an “overweight” rating in a research report on Thursday, November 14th. Benchmark upped their price objective on shares of SEA from $94.00 to $130.00 and gave the stock a “buy” rating in a report on Wednesday, November 13th. Finally, Dbs Bank upgraded shares of SEA from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, November 13th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, eleven have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, SEA has an average rating of “Moderate Buy” and an average target price of $91.21.

Check Out Our Latest Report on SEA

About SEA

(Free Report)

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.

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Institutional Ownership by Quarter for SEA (NYSE:SE)

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