Prospera Financial Services Inc reduced its stake in shares of Sea Limited (NYSE:SE – Get Rating) by 76.5% during Q1, according to its latest 13F filing with the SEC. The company held 2,354 shares of the Singapore-based internet company after selling 7,672 shares during the period. Prospera Financial Services Inc’s holdings in SEA were worth $282,000 when it last filed with the SEC.
Several other hedge funds have also recently bought and sold stocks. SlateStone Wealth LLC increased its stake in SEA by 60.9% in the 1st quarter. SlateStone Wealth LLC now owns 1,739 shares of the Singapore-based internet company worth $208,000 after purchasing an additional 658 shares during the period. Commonwealth Equity Services LLC increased its stake in SEA by 103.7% in the 1st quarter. Commonwealth Equity Services LLC now owns 39,505 shares of the Singapore-based internet company worth $4,732,000 after buying an additional 20,114 shares during the period. Thoroughbred Financial Services LLC increased its stake in SEA by 179.5% in the 1st quarter. Thoroughbred Financial Services LLC now owns 6,562 shares of the Singapore-based internet company worth $786,000 after purchasing an additional 4,214 shares during the period. Precision Wealth Strategies LLC bought a new stock position in SEA during Q1 worth approximately $287,000. Finally, Envestnet Asset Management Inc. increased its stake in SEA shares by 3.3% during the 1st quarter. Envestnet Asset Management Inc. now owns 168,360 shares of the Singapore-based internet company worth $20,168,000 after acquiring an additional 5,351 shares last quarter. 90.71% of the shares are currently held by institutional investors and hedge funds.
Commerce SEA up 2.9%
SE stock opened at $79.49 on Wednesday. The company has a debt ratio of 0.66, a current ratio of 2.02 and a quick ratio of 2.00. The company has a fifty-day moving average price of $75.68 and a two-hundred-day moving average price of $101.36. Sea Limited has a one-year low of $54.06 and a one-year high of $372.70. The stock has a market capitalization of $44.33 billion, a price-earnings ratio of -19.63 and a beta of 1.60.
SEA (NYSE:SE – Get Rating) last released quarterly earnings data on Tuesday, May 17. The Singapore-based internet company reported ($1.04) EPS for the quarter, beating analyst consensus estimates of ($1.06) by $0.02. SEA had a negative net margin of 19.85% and a negative return on equity of 35.06%. The company posted revenue of $2.90 billion in the quarter, compared to $2.86 billion expected by analysts. In the same period a year earlier, the company posted ($0.82) earnings per share. The company’s revenue for the quarter increased 64.4% compared to the same quarter last year. Equity analysts expect Sea Limited to post -4.61 EPS for the current year.
Analysts set new price targets
Several equity analysts have recently weighed in on SE stocks. Daiwa Capital Markets lowered its price target on SEA shares from $130.00 to $110.00 in a Thursday, July 28 research note. Stifel Nicolaus cut his price target on SEA shares from $115.00 to $105.00 in a Friday, July 15 research note. Citigroup reduced its price target on SEA shares from $156.00 to $145.00 in a Tuesday, July 26 research note. CICC Research began covering SEA stocks in a research note on Wednesday, April 27. They set an “outperform” rating for the company. Finally, Morgan Stanley reaffirmed a “buy” rating and set a $220.00 price target on SEA shares in a Friday, April 8 research note. Two analysts gave the stock a hold rating and twelve gave the company a buy rating. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $197.94.
SEA Company Profile
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Sea Limited, together with its subsidiaries, is engaged in digital entertainment, e-commerce and digital financial services businesses in Southeast Asia, Latin America, Rest of Asia and internationally. It offers the Garena digital entertainment platform allowing users to access mobile and PC online games, as well as eSports operations; and access to other entertainment content, including live streaming of gaming and social features, such as user chat and online forums.
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