Lake Street Advisors Group LLC Invests $260,000 in Sea Limited (NYSE:SE)

Lake Street Advisors Group LLC bought a new stake in Sea Limited (NYSE:SE) in the third quarter, Holdings Channel.com reports. The institutional investor bought 2,759 shares of the Internet company based in Singapore’s stock, valued at approximately $260,000.

A number of other institutional investors have also added to or reduced their stakes in SE. Sequoia Financial Advisors LLC increased its holdings in shares of SEA by 6.2% during the third quarter. Sequoia Financial Advisors LLC now owns 3,081 shares of the Internet company based in Singapore’s stock valued at $290,000 after acquiring an additional 180 shares in the last quarter. Canton Hathaway LLC raised its holdings in SEA by 20.0% during the second quarter. Canton Hathaway LLC now owns 1,200 shares of the Internet company based in Singapore’s stock worth $86,000 after buying an additional 200 shares during the last quarter. Gulf International Bank UK Ltd lifted its stake in shares of SEA by 0.7% in the second quarter. Gulf International Bank UK Ltd now owns 28,958 shares of the Internet company based in Singapore’s stock valued at $2,068,000 after buying an additional 213 shares in the last quarter. Parallel Advisors LLC grew its holdings in shares of SEA by 5.2% during the second quarter. Parallel Advisors LLC now owns 5,063 shares of the Internet company based in Singapore’s stock valued at $362,000 after buying an additional 250 shares during the last quarter. Finally, Hexagon Capital Partners LLC increased its position in shares of SEA by 63.1% during the second quarter. Hexagon Capital Partners LLC now owns 654 shares of the Internet company based in Singapore’s stock worth $47,000 after acquiring an additional 253 shares in the last quarter. 59.53% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts have commented on SE shares. Wedbush reissued an “outperform” rating and set a $84.00 price objective (up from $76.00) on shares of SEA in a report on Tuesday, August 13th. Citigroup lowered their price target on SEA from $81.00 to $80.00 and set a “buy” rating for the company in a research report on Tuesday, July 23rd. JPMorgan Chase & Co. raised shares of SEA from a “neutral” rating to an “overweight” rating and lifted their price objective for the stock from $66.00 to $90.00 in a report on Wednesday, August 14th. TD Cowen increased their target price on shares of SEA from $64.00 to $69.00 and gave the company a “hold” rating in a report on Wednesday, August 14th. Finally, Barclays boosted their price target on shares of SEA from $87.00 to $94.00 and gave the stock an “overweight” rating in a report on Thursday, August 15th. Three equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $80.92.

SEA Trading Down 1.4 %

Shares of SEA stock opened at $99.15 on Friday. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.48 and a current ratio of 1.49. The stock has a market capitalization of $56.75 billion, a P/E ratio of 1,983.00 and a beta of 1.52. Sea Limited has a 52-week low of $34.35 and a 52-week high of $101.93. The stock’s 50-day simple moving average is $88.56 and its 200 day simple moving average is $75.29.

SEA (NYSE:SE) last announced its quarterly earnings results on Tuesday, August 13th. The Internet company based in Singapore reported $0.14 EPS for the quarter, missing analysts’ consensus estimates of $0.59 by ($0.45). SEA had a negative net margin of 1.36% and a negative return on equity of 2.92%. The business had revenue of $3.81 billion for the quarter, compared to analysts’ expectations of $3.73 billion. During the same quarter in the previous year, the company posted $0.54 earnings per share. The business’s quarterly revenue was up 23.0% compared to the same quarter last year. As a group, research analysts anticipate that Sea Limited will post 0.64 EPS for the current year.

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.