Swedbank AB Increases Stock Holdings in Sea Limited (NYSE:SE)

Swedbank AB increased its holdings in shares of Sea Limited (NYSE:SE) by 53.0% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 143,344 shares of the Internet company based in Singapore’s stock after buying an additional 49,684 shares during the quarter. Swedbank AB’s holdings in SEA were worth $13,514,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently added to or reduced their stakes in the business. Rosenberg Matthew Hamilton grew its stake in SEA by 213.7% during the third quarter. Rosenberg Matthew Hamilton now owns 298 shares of the Internet company based in Singapore’s stock worth $28,000 after buying an additional 203 shares during the period. SOA Wealth Advisors LLC. acquired a new position in SEA during the 2nd quarter worth approximately $32,000. Hexagon Capital Partners LLC boosted its holdings in SEA by 63.1% in the 2nd 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 during the period. Icon Wealth Advisors LLC acquired a new stake in SEA in the third quarter valued at approximately $47,000. Finally, First Horizon Advisors Inc. boosted its stake in shares of SEA by 248.3% in the third quarter. First Horizon Advisors Inc. now owns 700 shares of the Internet company based in Singapore’s stock valued at $66,000 after purchasing an additional 499 shares during the period. 59.53% of the stock is owned by institutional investors and hedge funds.

SEA Trading Down 0.1 %

Shares of SE stock opened at $113.91 on Wednesday. The firm has a market capitalization of $65.20 billion, a PE ratio of 759.40 and a beta of 1.52. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.60 and a current ratio of 1.62. Sea Limited has a 1 year low of $34.35 and a 1 year high of $117.85. The stock has a fifty day moving average of $98.08 and a two-hundred day moving average of $81.55.

SEA (NYSE:SE) last posted 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 during the quarter, compared to analyst estimates of $4.09 billion. SEA had a return on equity of 1.40% and a net margin of 0.64%. The business’s revenue for the quarter was up 30.8% compared to the same quarter last year. During the same period in the previous year, the company earned ($0.26) EPS. As a group, research analysts expect that Sea Limited will post 0.81 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on SE shares. TD Cowen lifted their price target on shares of SEA from $69.00 to $100.00 and gave the stock a “hold” rating in a research note on Wednesday, November 13th. Bank of America lifted their price objective on SEA from $84.00 to $96.00 and gave the stock a “buy” rating in a report on Monday, September 23rd. JPMorgan Chase & Co. upgraded shares of SEA from a “neutral” rating to an “overweight” rating and upped their target price for the company from $66.00 to $90.00 in a research note on Wednesday, August 14th. Dbs Bank upgraded SEA from a “hold” rating to a “strong-buy” rating in a report on Wednesday, November 13th. Finally, Benchmark raised their price objective on SEA from $94.00 to $130.00 and gave the stock a “buy” rating in a research note 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’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $91.21.

SEA 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.