Sea Limited (NYSE:SE) Shares Sold by Quadrant Capital Group LLC

Quadrant Capital Group LLC cut its position in Sea Limited (NYSE:SE) by 17.0% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 2,136 shares of the Internet company based in Singapore’s stock after selling 439 shares during the period. Quadrant Capital Group LLC’s holdings in SEA were worth $87,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Sunbelt Securities Inc. grew its position in SEA by 91.4% in the 3rd quarter. Sunbelt Securities Inc. now owns 670 shares of the Internet company based in Singapore’s stock valued at $29,000 after acquiring an additional 320 shares in the last quarter. UMB Bank n.a. boosted its stake in shares of SEA by 70.9% in the fourth quarter. UMB Bank n.a. now owns 788 shares of the Internet company based in Singapore’s stock valued at $32,000 after purchasing an additional 327 shares during the period. Blue Trust Inc. grew its holdings in shares of SEA by 152.4% in the fourth quarter. Blue Trust Inc. now owns 843 shares of the Internet company based in Singapore’s stock valued at $36,000 after purchasing an additional 509 shares in the last quarter. EverSource Wealth Advisors LLC increased its stake in SEA by 90.7% during the 3rd quarter. EverSource Wealth Advisors LLC now owns 1,020 shares of the Internet company based in Singapore’s stock worth $45,000 after buying an additional 485 shares during the period. Finally, Harvest Fund Management Co. Ltd lifted its holdings in SEA by 20.2% during the 3rd quarter. Harvest Fund Management Co. Ltd now owns 2,972 shares of the Internet company based in Singapore’s stock worth $131,000 after buying an additional 499 shares in the last quarter. Hedge funds and other institutional investors own 59.53% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on SE shares. JPMorgan Chase & Co. raised SEA from a “neutral” rating to an “overweight” rating and upped their price objective for the stock from $43.00 to $70.00 in a research report on Tuesday, March 5th. Morgan Stanley upgraded SEA from an “equal weight” rating to an “overweight” rating and upped their price target for the stock from $65.00 to $70.00 in a report on Monday, April 22nd. Bank of America lifted their price objective on SEA from $70.00 to $75.00 and gave the company a “buy” rating in a research note on Wednesday, May 15th. Wedbush restated an “outperform” rating and set a $72.00 target price on shares of SEA in a research note on Tuesday, May 14th. Finally, Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and set a $60.00 price target on shares of SEA in a report on Wednesday, May 15th. Four investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. According to MarketBeat.com, SEA has a consensus rating of “Moderate Buy” and an average target price of $72.73.

SEA Stock Up 0.3 %

Shares of NYSE SE opened at $71.98 on Friday. The business has a 50-day moving average price of $60.87 and a 200 day moving average price of $48.53. The stock has a market cap of $41.20 billion, a PE ratio of 1,439.60 and a beta of 1.43. The company has a quick ratio of 1.44, a current ratio of 1.46 and a debt-to-equity ratio of 0.43. Sea Limited has a 52-week low of $34.35 and a 52-week high of $74.33.

SEA (NYSE:SE) last announced its earnings results on Tuesday, May 14th. The Internet company based in Singapore reported ($0.04) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.40). SEA had a return on equity of 0.80% and a net margin of 0.39%. The business had revenue of $3.73 billion for the quarter, compared to analysts’ expectations of $3.64 billion. During the same quarter last year, the business posted $0.15 earnings per share. The business’s revenue was up 22.8% on a year-over-year basis. Equities research analysts forecast that Sea Limited will post 0.75 earnings per share for the current year.

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.