Equitable Trust Co. Acquires 45,467 Shares of Sea Limited (NYSE:SE)

Equitable Trust Co. grew its holdings in shares of Sea Limited (NYSE:SE) by 33.8% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 180,059 shares of the Internet company based in Singapore’s stock after buying an additional 45,467 shares during the period. SEA makes up 1.1% of Equitable Trust Co.’s investment portfolio, making the stock its 22nd largest holding. Equitable Trust Co.’s holdings in SEA were worth $16,976,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Duquesne Family Office LLC bought a new position in shares of SEA in the 2nd quarter worth $4,778,000. Robeco Institutional Asset Management B.V. lifted its stake in SEA by 1.8% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 404,096 shares of the Internet company based in Singapore’s stock valued at $38,098,000 after acquiring an additional 7,175 shares in the last quarter. Toronto Dominion Bank lifted its stake in SEA by 28.2% during the 2nd quarter. Toronto Dominion Bank now owns 892,969 shares of the Internet company based in Singapore’s stock valued at $63,776,000 after acquiring an additional 196,506 shares in the last quarter. Kaizen Investment Management Pte. Ltd. bought a new position in SEA during the 3rd quarter valued at $587,544,000. Finally, TB Alternative Assets Ltd. lifted its stake in SEA by 579.1% during the 3rd quarter. TB Alternative Assets Ltd. now owns 105,943 shares of the Internet company based in Singapore’s stock valued at $9,988,000 after acquiring an additional 90,343 shares in the last quarter. 59.53% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts have weighed in on the company. JPMorgan Chase & Co. upgraded SEA from a “neutral” rating to an “overweight” rating and raised their price objective for the company from $66.00 to $90.00 in a research note on Wednesday, August 14th. Citigroup decreased their target price on SEA from $81.00 to $80.00 and set a “buy” rating for the company in a research report on Tuesday, July 23rd. TD Cowen raised their target price on SEA from $64.00 to $69.00 and gave the company a “hold” rating in a research report on Wednesday, August 14th. Benchmark raised their target price on SEA from $87.00 to $94.00 and gave the company a “buy” rating in a research report on Wednesday, August 14th. Finally, Barclays lifted their price objective on SEA from $87.00 to $94.00 and gave the stock an “overweight” rating in a report on Thursday, August 15th. Three investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, SEA has a consensus rating of “Moderate Buy” and an average target price of $82.54.

SEA Stock Performance

Shares of SE opened at $93.53 on Friday. The company has a market cap of $53.53 billion, a PE ratio of -267.23 and a beta of 1.52. The company has a current ratio of 1.49, a quick ratio of 1.48 and a debt-to-equity ratio of 0.41. The stock has a 50-day moving average price of $91.40 and a 200-day moving average price of $77.92. Sea Limited has a 12-month low of $34.35 and a 12-month high of $101.93.

SEA (NYSE:SE) last released its earnings results on Tuesday, August 13th. The Internet company based in Singapore reported $0.14 earnings per share for the quarter, missing analysts’ consensus estimates of $0.59 by ($0.45). The firm had revenue of $3.81 billion during the quarter, compared to the consensus estimate of $3.73 billion. SEA had a negative return on equity of 2.92% and a negative net margin of 1.36%. The business’s quarterly revenue was up 23.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.54 EPS. As a group, equities analysts forecast that Sea Limited will post 0.77 earnings per share for the current fiscal 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.