Sunbelt Securities Inc. Lowers Holdings in Sea Limited (NYSE:SE)

Sunbelt Securities Inc. lowered its holdings in shares of Sea Limited (NYSE:SE) by 38.5% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 480 shares of the Internet company based in Singapore’s stock after selling 300 shares during the quarter. Sunbelt Securities Inc.’s holdings in SEA were worth $45,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Cetera Advisors LLC purchased a new stake in SEA in the 1st quarter worth $230,000. Sequoia Financial Advisors LLC purchased a new stake in shares of SEA in the second quarter worth about $207,000. Envestnet Portfolio Solutions Inc. bought a new position in SEA during the second quarter valued at approximately $377,000. Swedbank AB grew its holdings in SEA by 14.2% during the 2nd quarter. Swedbank AB now owns 93,660 shares of the Internet company based in Singapore’s stock valued at $6,689,000 after buying an additional 11,660 shares in the last quarter. Finally, Blue Trust Inc. increased its stake in SEA by 696.8% in the 2nd quarter. Blue Trust Inc. now owns 4,446 shares of the Internet company based in Singapore’s stock worth $318,000 after acquiring an additional 3,888 shares during the last quarter. Institutional investors own 59.53% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the company. Barclays increased their target price on SEA from $94.00 to $131.00 and gave the company an “overweight” rating in a research report on Thursday, November 14th. Bank of America lifted their price objective on shares of SEA from $84.00 to $96.00 and gave the stock a “buy” rating in a research note on Monday, September 23rd. Phillip Securities restated a “reduce” rating and set a $100.00 target price (up from $80.00) on shares of SEA in a research report on Tuesday, November 19th. Wedbush reiterated an “outperform” rating and issued a $105.00 price target (up previously from $84.00) on shares of SEA in a research report on Monday, November 4th. Finally, Dbs Bank upgraded SEA from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, November 13th. One investment analyst has rated the stock with a sell rating, two have given a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $91.21.

SEA Price Performance

Shares of SE stock opened at $116.47 on Monday. The stock has a 50 day moving average price of $104.82 and a 200 day moving average price of $86.01. The firm has a market capitalization of $66.66 billion, a P/E ratio of 776.47 and a beta of 1.53. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.60 and a current ratio of 1.62. Sea Limited has a 52-week low of $34.35 and a 52-week high of $119.47.

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

SEA 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.