Farther Finance Advisors LLC Purchases 887 Shares of Sea Limited Sponsored ADR (NYSE:SE)

Farther Finance Advisors LLC increased its position in Sea Limited Sponsored ADR (NYSE:SE) by 241.0% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,255 shares of the Internet company based in Singapore’s stock after buying an additional 887 shares during the period. Farther Finance Advisors LLC’s holdings in SEA were worth $166,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Portside Wealth Group LLC raised its stake in SEA by 34.3% during the first quarter. Portside Wealth Group LLC now owns 5,775 shares of the Internet company based in Singapore’s stock valued at $754,000 after purchasing an additional 1,475 shares in the last quarter. Baldwin Wealth Partners LLC MA bought a new stake in shares of SEA in the 1st quarter worth about $208,000. SOA Wealth Advisors LLC. raised its position in shares of SEA by 13.3% during the 1st quarter. SOA Wealth Advisors LLC. now owns 850 shares of the Internet company based in Singapore’s stock valued at $111,000 after buying an additional 100 shares in the last quarter. Eagle Rock Investment Company LLC purchased a new stake in shares of SEA during the 1st quarter valued at about $214,000. Finally, Veracity Capital LLC bought a new position in shares of SEA in the 1st quarter valued at about $240,000. 59.53% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on SE. Wall Street Zen raised SEA from a “hold” rating to a “buy” rating in a research note on Saturday, June 14th. Jefferies Financial Group lifted their target price on SEA from $131.00 to $157.00 and gave the stock a “buy” rating in a report on Tuesday, March 4th. Loop Capital restated a “buy” rating and set a $190.00 price target (up previously from $165.00) on shares of SEA in a report on Thursday, May 29th. Wedbush restated an “outperform” rating on shares of SEA in a research report on Wednesday, May 14th. Finally, Sanford C. Bernstein reaffirmed an “outperform” rating and set a $170.00 price objective on shares of SEA in a research note on Wednesday, May 14th. Three research analysts have rated the stock with a hold rating, ten have assigned a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, SEA currently has a consensus rating of “Moderate Buy” and an average target price of $147.15.

SEA Stock Performance

SE stock opened at $155.93 on Friday. Sea Limited Sponsored ADR has a twelve month low of $55.00 and a twelve month high of $172.65. The firm has a market cap of $91.86 billion, a price-to-earnings ratio of 109.81 and a beta of 1.64. The business’s fifty day simple moving average is $147.54 and its two-hundred day simple moving average is $129.79. The company has a quick ratio of 1.49, a current ratio of 1.51 and a debt-to-equity ratio of 0.18.

SEA (NYSE:SE) last posted its quarterly earnings results on Tuesday, May 13th. The Internet company based in Singapore reported $0.65 EPS for the quarter, missing the consensus estimate of $0.93 by ($0.28). SEA had a return on equity of 10.74% and a net margin of 4.87%. The company had revenue of $4.84 billion during the quarter, compared to analysts’ expectations of $4.90 billion. During the same period in the prior year, the business earned ($0.04) EPS. The company’s quarterly revenue was up 29.6% on a year-over-year basis. Analysts predict that Sea Limited Sponsored ADR will post 0.74 earnings per share for the current year.

SEA Profile

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.