United Advisor Group LLC Takes Position in Sea Limited (NYSE:SE)

United Advisor Group LLC bought a new position in shares of Sea Limited (NYSE:SE) during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 4,650 shares of the Internet company based in Singapore’s stock, valued at approximately $438,000.

Several other large investors have also recently bought and sold shares of SE. Commonwealth Equity Services LLC raised its holdings in SEA by 6.4% in the 1st quarter. Commonwealth Equity Services LLC now owns 9,997 shares of the Internet company based in Singapore’s stock valued at $537,000 after acquiring an additional 597 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. raised its stake in shares of SEA by 4.6% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 180,646 shares of the Internet company based in Singapore’s stock valued at $9,702,000 after purchasing an additional 7,866 shares in the last quarter. Daiwa Securities Group Inc. raised its stake in shares of SEA by 11.9% in the first quarter. Daiwa Securities Group Inc. now owns 25,847 shares of the Internet company based in Singapore’s stock valued at $1,388,000 after purchasing an additional 2,747 shares in the last quarter. Mediolanum International Funds Ltd bought a new position in SEA in the first quarter worth $2,753,000. Finally, Duality Advisers LP acquired a new stake in SEA during the first quarter worth $845,000. 59.53% of the stock is currently owned by institutional investors and hedge funds.

SEA Stock Up 0.6 %

Shares of NYSE:SE opened at $95.75 on Wednesday. The company has a quick ratio of 1.48, a current ratio of 1.49 and a debt-to-equity ratio of 0.41. The firm has a market cap of $54.80 billion, a P/E ratio of -273.57 and a beta of 1.52. Sea Limited has a 12 month low of $34.35 and a 12 month high of $101.93. The company’s 50-day moving average price is $90.45 and its two-hundred day moving average price is $77.43.

SEA (NYSE:SE) last released its quarterly earnings results on Tuesday, August 13th. The Internet company based in Singapore reported $0.14 EPS for the quarter, missing the consensus estimate 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 company had revenue of $3.81 billion for the quarter, compared to the consensus estimate of $3.73 billion. During the same period last year, the company earned $0.54 earnings per share. SEA’s revenue for the quarter was up 23.0% compared to the same quarter last year. As a group, research analysts forecast that Sea Limited will post 0.64 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

SE has been the subject of a number of recent research reports. Barclays increased their price objective on shares of SEA from $87.00 to $94.00 and gave the company an “overweight” rating in a research note on Thursday, August 15th. Bank of America raised their price target on shares of SEA from $84.00 to $96.00 and gave the stock a “buy” rating in a research note on Monday, September 23rd. JPMorgan Chase & Co. upgraded SEA from a “neutral” rating to an “overweight” rating and upped their price objective for the company from $66.00 to $90.00 in a research note on Wednesday, August 14th. Wedbush restated an “outperform” rating and set a $105.00 target price (up previously from $84.00) on shares of SEA in a research report on Monday. Finally, TD Cowen upped their price target on SEA from $64.00 to $69.00 and gave the company a “hold” rating in a research report on Wednesday, August 14th. Three investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $82.54.

About SEA

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.