Prospera Financial Services Inc Has $567,000 Position in Sea Limited (NYSE:SE)

Prospera Financial Services Inc lowered its position in Sea Limited (NYSE:SE) by 4.2% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 6,012 shares of the Internet company based in Singapore’s stock after selling 266 shares during the quarter. Prospera Financial Services Inc’s holdings in SEA were worth $567,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently made changes to their positions in SE. Rosenberg Matthew Hamilton increased its stake in shares of SEA by 213.7% in the third quarter. Rosenberg Matthew Hamilton now owns 298 shares of the Internet company based in Singapore’s stock valued at $28,000 after buying an additional 203 shares during the period. SOA Wealth Advisors LLC. bought a new stake in SEA in the second quarter valued at approximately $32,000. Hexagon Capital Partners LLC boosted its holdings in SEA by 63.1% in the second quarter. Hexagon Capital Partners LLC now owns 654 shares of the Internet company based in Singapore’s stock valued at $47,000 after acquiring an additional 253 shares during the last quarter. Canton Hathaway LLC boosted its holdings in SEA by 20.0% in the second quarter. Canton Hathaway LLC now owns 1,200 shares of the Internet company based in Singapore’s stock valued at $86,000 after acquiring an additional 200 shares during the last quarter. Finally, Advisors Asset Management Inc. boosted its holdings in SEA by 34.5% in the first quarter. Advisors Asset Management Inc. now owns 1,825 shares of the Internet company based in Singapore’s stock valued at $98,000 after acquiring an additional 468 shares during the last quarter. Institutional investors and hedge funds own 59.53% of the company’s stock.

SEA Price Performance

Shares of SE opened at $113.04 on Friday. Sea Limited has a 12-month low of $34.35 and a 12-month high of $117.85. The business’s fifty day moving average is $97.40 and its 200 day moving average is $81.00. The company has a quick ratio of 1.60, a current ratio of 1.62 and a debt-to-equity ratio of 0.36. The stock has a market cap of $64.70 billion, a P/E ratio of 753.60 and a beta of 1.52.

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 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 for the quarter was up 30.8% on a year-over-year basis. During the same quarter in the prior year, the business earned ($0.26) earnings per share. Sell-side analysts anticipate that Sea Limited will post 0.81 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages recently commented on SE. Barclays upped their target price on SEA from $94.00 to $131.00 and gave the company an “overweight” rating in a report on Thursday, November 14th. Benchmark upped their target price on SEA from $94.00 to $130.00 and gave the company a “buy” rating in a report on Wednesday, November 13th. TD Cowen upped their target price on SEA from $69.00 to $100.00 and gave the company a “hold” rating in a report on Wednesday, November 13th. JPMorgan Chase & Co. upgraded SEA from a “neutral” rating to an “overweight” rating and upped their target price for the company from $66.00 to $90.00 in a report on Wednesday, August 14th. Finally, Bank of America upped their target price on SEA from $84.00 to $96.00 and gave the company a “buy” rating in a report on Monday, September 23rd. One research analyst has rated the stock with a sell rating, two have given a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, SEA presently has a consensus rating of “Moderate Buy” and an average target price of $91.21.

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.