Diversify Wealth Management LLC Invests $995,000 in Sea Limited (NYSE:SE)

Diversify Wealth Management LLC purchased a new position in shares of Sea Limited (NYSE:SE) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 9,186 shares of the Internet company based in Singapore’s stock, valued at approximately $995,000.

A number of other institutional investors have also recently made changes to their positions in SE. Baillie Gifford & Co. lifted its holdings in SEA by 15.5% in the third quarter. Baillie Gifford & Co. now owns 39,564,018 shares of the Internet company based in Singapore’s stock valued at $3,730,096,000 after buying an additional 5,295,590 shares during the period. WCM Investment Management LLC grew its stake in SEA by 35.9% in the third quarter. WCM Investment Management LLC now owns 20,902,378 shares of the Internet company based in Singapore’s stock valued at $1,971,303,000 after acquiring an additional 5,517,559 shares during the period. Kaizen Investment Management Pte. Ltd. bought a new position in shares of SEA in the third quarter valued at $587,544,000. Eminence Capital LP grew its holdings in shares of SEA by 45.2% during the second quarter. Eminence Capital LP now owns 4,522,441 shares of the Internet company based in Singapore’s stock valued at $322,993,000 after buying an additional 1,408,314 shares during the last quarter. Finally, Geode Capital Management LLC increased its position in shares of SEA by 4.2% during the third quarter. Geode Capital Management LLC now owns 3,059,521 shares of the Internet company based in Singapore’s stock worth $283,543,000 after acquiring an additional 124,433 shares in the last quarter. Institutional investors own 59.53% of the company’s stock.

SEA Stock Performance

Shares of SE stock opened at $115.13 on Tuesday. The company has a market capitalization of $65.89 billion, a P/E ratio of 767.53 and a beta of 1.54. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.60 and a current ratio of 1.62. The stock has a 50 day moving average price of $111.40 and a two-hundred day moving average price of $92.80. Sea Limited has a fifty-two week low of $34.64 and a fifty-two week high of $119.47.

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

Analysts Set New Price Targets

Several brokerages have weighed in on SE. Barclays boosted their target price on SEA from $94.00 to $131.00 and gave the stock an “overweight” rating in a research note on Thursday, November 14th. Wedbush reissued an “outperform” rating and set a $105.00 price objective (up from $84.00) on shares of SEA in a report on Monday, November 4th. Dbs Bank upgraded shares of SEA from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, November 13th. Bank of America upped their price target on SEA from $84.00 to $96.00 and gave the company a “buy” rating in a research report on Monday, September 23rd. Finally, Benchmark increased 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. 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 issued a strong buy rating to the company. Based on data from MarketBeat.com, SEA has an average rating of “Moderate Buy” and a consensus target price 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.