Sanctuary Advisors LLC Has $586,000 Stock Holdings in Sea Limited (NYSE:SE)

Sanctuary Advisors LLC raised its position in shares of Sea Limited (NYSE:SE) by 14.4% in the 3rd quarter, Holdings Channel reports. The firm owned 6,214 shares of the Internet company based in Singapore’s stock after acquiring an additional 782 shares during the period. Sanctuary Advisors LLC’s holdings in SEA were worth $586,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in SE. Panagora Asset Management Inc. boosted its stake in shares of SEA by 13.3% in the 2nd quarter. Panagora Asset Management Inc. now owns 392,925 shares of the Internet company based in Singapore’s stock valued at $28,063,000 after purchasing an additional 46,033 shares in the last quarter. Principal Financial Group Inc. boosted its position in SEA by 624.1% during the 2nd quarter. Principal Financial Group Inc. now owns 199,420 shares of the Internet company based in Singapore’s stock worth $14,243,000 after buying an additional 171,880 shares during the period. Signaturefd LLC lifted its holdings in shares of SEA by 33.2% during the second quarter. Signaturefd LLC now owns 7,396 shares of the Internet company based in Singapore’s stock worth $528,000 after purchasing an additional 1,844 shares during the period. iA Global Asset Management Inc. grew its position in shares of SEA by 9.1% in the 2nd quarter. iA Global Asset Management Inc. now owns 61,557 shares of the Internet company based in Singapore’s stock valued at $4,396,000 after buying an additional 5,132 shares during the last quarter. Finally, Sumitomo Mitsui DS Asset Management Company Ltd boosted its holdings in SEA by 8.0% in the second quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 35,908 shares of the Internet company based in Singapore’s stock valued at $2,565,000 after acquiring an additional 2,664 shares during the last quarter. 59.53% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

SE has been the subject of several recent analyst reports. Barclays increased their price objective on shares of SEA from $94.00 to $131.00 and gave the stock an “overweight” rating in a research report on Thursday, November 14th. Benchmark lifted their price objective on SEA from $94.00 to $130.00 and gave the stock a “buy” rating in a research report on Wednesday, November 13th. TD Cowen boosted their price objective on SEA from $69.00 to $100.00 and gave the company a “hold” rating in a research note on Wednesday, November 13th. Dbs Bank upgraded SEA from a “hold” rating to a “strong-buy” rating in a report on Wednesday, November 13th. Finally, Bank of America boosted their price target on SEA from $84.00 to $96.00 and gave the company a “buy” rating in a research note on Monday, September 23rd. One analyst has rated the stock with a sell rating, two have issued a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, SEA presently has an average rating of “Moderate Buy” and a consensus price target of $91.21.

SEA Stock Performance

Shares of SEA stock opened at $111.47 on Thursday. Sea Limited has a 52 week low of $34.35 and a 52 week high of $119.47. 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 business has a 50 day moving average price of $107.17 and a 200-day moving average price of $88.25. The company has a market cap of $63.80 billion, a PE ratio of 743.13 and a beta of 1.53.

SEA (NYSE:SE) last issued its quarterly earnings data on Tuesday, November 12th. The Internet company based in Singapore reported $0.24 earnings per share for the quarter, missing the consensus estimate of $0.59 by ($0.35). The company had revenue of $4.33 billion for the quarter, compared to the consensus estimate of $4.09 billion. SEA had a net margin of 0.64% and a return on equity of 1.40%. SEA’s revenue was up 30.8% on a year-over-year basis. During the same quarter last year, the business posted ($0.26) earnings per share. Equities analysts anticipate that Sea Limited will post 0.81 earnings per share for the current fiscal year.

SEA 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.