Ballentine Partners LLC Increases Stock Holdings in Sea Limited (NYSE:SE)

Ballentine Partners LLC boosted its position in shares of Sea Limited (NYSE:SE) by 5.6% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,970 shares of the Internet company based in Singapore’s stock after purchasing an additional 158 shares during the period. Ballentine Partners LLC’s holdings in SEA were worth $315,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. SOA Wealth Advisors LLC. increased its position in shares of SEA by 33.3% during the 3rd quarter. SOA Wealth Advisors LLC. now owns 600 shares of the Internet company based in Singapore’s stock worth $57,000 after purchasing an additional 150 shares during the last quarter. TD Private Client Wealth LLC increased its position in shares of SEA by 33.7% during the third quarter. TD Private Client Wealth LLC now owns 603 shares of the Internet company based in Singapore’s stock valued at $57,000 after acquiring an additional 152 shares during the last quarter. Integrated Wealth Concepts LLC raised its stake in shares of SEA by 2.6% in the 3rd quarter. Integrated Wealth Concepts LLC now owns 6,357 shares of the Internet company based in Singapore’s stock valued at $599,000 after acquiring an additional 160 shares during the period. Moseley Investment Management Inc. lifted its holdings in shares of SEA by 4.3% in the 4th quarter. Moseley Investment Management Inc. now owns 3,870 shares of the Internet company based in Singapore’s stock worth $411,000 after acquiring an additional 161 shares during the last quarter. Finally, Ritholtz Wealth Management boosted its position in shares of SEA by 2.7% during the 4th quarter. Ritholtz Wealth Management now owns 6,458 shares of the Internet company based in Singapore’s stock worth $685,000 after purchasing an additional 170 shares during the period. 59.53% of the stock is currently owned by institutional investors and hedge funds.

SEA Stock Performance

NYSE:SE opened at $117.94 on Friday. The firm has a market capitalization of $67.50 billion, a PE ratio of 786.23 and a beta of 1.54. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.62 and a quick ratio of 1.60. The business’s fifty day moving average price is $112.44 and its 200 day moving average price is $93.77. Sea Limited has a 12 month low of $38.10 and a 12 month high of $119.47.

SEA (NYSE:SE) last released 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 business had revenue of $4.33 billion during 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 company’s revenue was up 30.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted ($0.26) EPS. On average, sell-side analysts anticipate that Sea Limited will post 0.76 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on the company. Wedbush reissued an “outperform” rating and issued a $105.00 target price (up previously from $84.00) on shares of SEA in a research report on Monday, November 4th. Dbs Bank raised SEA from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, November 13th. Phillip Securities reaffirmed a “reduce” rating and issued a $100.00 target price (up from $80.00) on shares of SEA in a research report on Tuesday, November 19th. TD Cowen increased their price target on shares of SEA from $69.00 to $100.00 and gave the stock a “hold” rating in a research report on Wednesday, November 13th. Finally, Barclays lifted their price objective on shares of SEA from $94.00 to $131.00 and gave the company an “overweight” rating in a report on Thursday, November 14th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $91.21.

About SEA

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.