Roberts Wealth Advisors LLC Has $2.60 Million Stake in Sea Limited (NYSE:SE)

Roberts Wealth Advisors LLC raised its position in shares of Sea Limited (NYSE:SE) by 0.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 23,477 shares of the Internet company based in Singapore’s stock after purchasing an additional 161 shares during the quarter. Roberts Wealth Advisors LLC’s holdings in SEA were worth $2,602,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Kaizen Investment Management Pte. Ltd. purchased a new position in shares of SEA during the third quarter valued at $587,544,000. WCM Investment Management LLC grew its stake in SEA by 35.9% during the 3rd quarter. WCM Investment Management LLC now owns 20,902,378 shares of the Internet company based in Singapore’s stock valued at $1,971,303,000 after acquiring an additional 5,517,559 shares in the last quarter. Baillie Gifford & Co. increased its holdings in shares of SEA by 15.5% in the 3rd quarter. Baillie Gifford & Co. now owns 39,564,018 shares of the Internet company based in Singapore’s stock valued at $3,730,096,000 after purchasing an additional 5,295,590 shares during the period. Perpetual Ltd lifted its position in shares of SEA by 3,033.0% in the fourth quarter. Perpetual Ltd now owns 2,098,003 shares of the Internet company based in Singapore’s stock worth $222,598,000 after purchasing an additional 2,031,038 shares in the last quarter. Finally, CoreView Capital Management Ltd boosted its holdings in shares of SEA by 341.1% during the third quarter. CoreView Capital Management Ltd now owns 1,996,376 shares of the Internet company based in Singapore’s stock worth $188,218,000 after purchasing an additional 1,543,743 shares during the period. Hedge funds and other institutional investors own 59.53% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on SE shares. Dbs Bank upgraded shares of SEA from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, November 13th. Benchmark increased their price objective on SEA from $94.00 to $130.00 and gave the stock a “buy” rating in a report on Wednesday, November 13th. Wedbush restated an “outperform” rating and issued a $105.00 target price (up previously from $84.00) on shares of SEA in a research note on Monday, November 4th. Phillip Securities reaffirmed a “reduce” rating and set a $100.00 price target (up from $80.00) on shares of SEA in a research note on Tuesday, November 19th. Finally, Barclays boosted their price target on SEA from $94.00 to $131.00 and gave the company an “overweight” rating in a research note on Thursday, November 14th. One analyst has rated the stock with a sell rating, two have assigned a hold rating, eleven have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $91.21.

SEA Price Performance

Shares of SEA stock opened at $118.16 on Wednesday. Sea Limited has a 1-year low of $35.64 and a 1-year high of $119.47. The firm has a fifty day simple moving average of $111.61 and a 200-day simple moving average of $93.13. The company has a current ratio of 1.62, a quick ratio of 1.60 and a debt-to-equity ratio of 0.36. The stock has a market capitalization of $67.62 billion, a price-to-earnings ratio of 787.70 and a beta of 1.54.

SEA (NYSE:SE) last released its earnings results on Tuesday, November 12th. The Internet company based in Singapore reported $0.24 earnings per share for the quarter, missing analysts’ consensus estimates of $0.59 by ($0.35). The firm had revenue of $4.33 billion for the quarter, compared to analyst estimates of $4.09 billion. SEA had a return on equity of 1.40% and a net margin of 0.64%. The firm’s revenue was up 30.8% on a year-over-year basis. During the same period in the prior year, the firm earned ($0.26) EPS. On average, sell-side analysts expect that Sea Limited will post 0.81 earnings per share for the current year.

SEA Company 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.