Canvas Wealth Advisors LLC Has $823,000 Holdings in Sea Limited (NYSE:SE)

Canvas Wealth Advisors LLC trimmed its position in shares of Sea Limited (NYSE:SE) by 10.7% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 7,753 shares of the Internet company based in Singapore’s stock after selling 932 shares during the quarter. Canvas Wealth Advisors LLC’s holdings in SEA were worth $823,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also made changes to their positions in SE. Rosenberg Matthew Hamilton raised its position in SEA by 213.7% during the third quarter. Rosenberg Matthew Hamilton now owns 298 shares of the Internet company based in Singapore’s stock valued at $28,000 after acquiring an additional 203 shares in the last quarter. Truvestments Capital LLC bought a new position in shares of SEA during the 3rd quarter valued at $41,000. Icon Wealth Advisors LLC acquired a new stake in shares of SEA in the 3rd quarter valued at $47,000. Geneos Wealth Management Inc. lifted its stake in shares of SEA by 4,663.6% in the 4th quarter. Geneos Wealth Management Inc. now owns 524 shares of the Internet company based in Singapore’s stock valued at $56,000 after purchasing an additional 513 shares during the last quarter. Finally, TD Private Client Wealth LLC boosted its holdings in SEA by 33.7% in the third quarter. TD Private Client Wealth LLC now owns 603 shares of the Internet company based in Singapore’s stock worth $57,000 after purchasing an additional 152 shares in the last quarter. 59.53% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts have weighed in on the company. Dbs Bank upgraded SEA from a “hold” rating to a “strong-buy” rating in a report on Wednesday, November 13th. Phillip Securities restated a “reduce” rating and issued a $100.00 target price (up from $80.00) on shares of SEA in a report on Tuesday, November 19th. TD Cowen upped their target price on SEA from $69.00 to $100.00 and gave the stock a “hold” rating in a research report on Wednesday, November 13th. 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. Finally, Wedbush reaffirmed an “outperform” rating and set a $105.00 price objective (up from $84.00) on shares of SEA in a report on Monday, November 4th. One research analyst has rated the stock with a sell rating, two have given a hold rating, ten have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $91.21.

SEA Stock Up 0.3 %

Shares of SE opened at $123.00 on Monday. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.60 and a current ratio of 1.62. The company has a 50-day simple moving average of $113.97 and a 200-day simple moving average of $97.70. Sea Limited has a 52 week low of $41.60 and a 52 week high of $126.35. The firm has a market capitalization of $70.40 billion, a P/E ratio of 820.01 and a beta of 1.55.

SEA (NYSE:SE) last announced its quarterly earnings data 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). The firm had revenue of $4.33 billion during the quarter, compared to the consensus estimate of $4.09 billion. SEA had a return on equity of 1.40% and a net margin of 0.64%. SEA’s revenue was up 30.8% compared to the same quarter last year. During the same quarter in the prior year, the business posted ($0.26) EPS. On average, equities research analysts expect that Sea Limited will post 0.8 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.