Truist Financial Corp Increases Stock Holdings in Sea Limited (NYSE:SE)

Truist Financial Corp lifted its stake in shares of Sea Limited (NYSE:SE – Get Rating) by 2.9% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 9,652 shares of the Internet company based in Singapore’s stock after buying an additional 274 shares during the period. Truist Financial Corp’s holdings in SEA were worth $541,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Truvestments Capital LLC bought a new stake in SEA during the second quarter worth $29,000. Total Clarity Wealth Management Inc. bought a new stake in shares of SEA in the second quarter valued at $30,000. Wipfli Financial Advisors LLC bought a new stake in shares of SEA in the third quarter valued at $32,000. SeaCrest Wealth Management LLC bought a new stake in shares of SEA in the second quarter valued at $34,000. Finally, Activest Wealth Management raised its stake in shares of SEA by 174.6% in the third quarter. Activest Wealth Management now owns 681 shares of the Internet company based in Singapore’s stock valued at $44,000 after buying an additional 433 shares during the period. 74.92% of the stock is currently owned by institutional investors.

SEA Price Performance

SE opened at $66.73 on Tuesday. The stock has a 50-day moving average price of $56.95 and a 200-day moving average price of $60.93. Sea Limited has a 12-month low of $40.67 and a 12-month high of $175.36. The company has a current ratio of 1.78, a quick ratio of 1.77 and a debt-to-equity ratio of 0.84. The stock has a market capitalization of $37.22 billion, a P/E ratio of -13.76 and a beta of 1.58.

SEA (NYSE:SE – Get Rating) last posted its quarterly earnings data on Tuesday, November 15th. The Internet company based in Singapore reported ($1.02) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($1.28) by $0.26. SEA had a negative return on equity of 41.82% and a negative net margin of 22.08%. The firm had revenue of $2.93 billion during the quarter, compared to analysts’ expectations of $3.06 billion. Equities analysts predict that Sea Limited will post -4.49 earnings per share for the current fiscal year.

Analyst Ratings Changes

SE has been the topic of several research reports. Cowen lowered SEA from an “outperform” rating to a “market perform” rating and lowered their target price for the company from $72.00 to $60.00 in a research note on Monday, November 21st. Bank of America cut SEA from a “buy” rating to a “neutral” rating and reduced their price target for the company from $74.00 to $60.00 in a research report on Monday, January 9th. Morgan Stanley reduced their price target on SEA from $116.00 to $95.00 and set an “overweight” rating for the company in a research report on Thursday, November 17th. Cowen cut SEA from an “outperform” rating to a “market perform” rating and reduced their price target for the company from $72.00 to $60.00 in a research report on Monday, November 21st. Finally, Barclays reduced their price target on SEA from $100.00 to $98.00 and set an “overweight” rating for the company in a research report on Thursday, November 17th. Four equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $122.43.

About SEA

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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; and access to other entertainment content, including livestreaming of gameplay and social features, such as user chat and online forums.