Marks Group Wealth Management Inc Has $680,000 Stock Holdings in Sea Limited (NYSE:SE)

Marks Group Wealth Management Inc increased its position in shares of Sea Limited (NYSE:SE) by 93.8% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 7,217 shares of the Internet company based in Singapore’s stock after purchasing an additional 3,493 shares during the quarter. Marks Group Wealth Management Inc’s holdings in SEA were worth $680,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Rosenberg Matthew Hamilton raised its stake in shares of SEA by 213.7% in the third quarter. Rosenberg Matthew Hamilton now owns 298 shares of the Internet company based in Singapore’s stock valued at $28,000 after acquiring an additional 203 shares during the last quarter. SOA Wealth Advisors LLC. bought a new position in SEA in the 2nd quarter valued at $32,000. Hexagon Capital Partners LLC boosted its stake in SEA by 63.1% in the second quarter. Hexagon Capital Partners LLC now owns 654 shares of the Internet company based in Singapore’s stock worth $47,000 after purchasing an additional 253 shares in the last quarter. Canton Hathaway LLC grew its holdings in shares of 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 purchasing an additional 200 shares during the last quarter. Finally, Advisors Asset Management Inc. increased its stake in shares of SEA by 34.5% in the first quarter. Advisors Asset Management Inc. now owns 1,825 shares of the Internet company based in Singapore’s stock valued at $98,000 after buying an additional 468 shares in the last quarter. 59.53% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages have commented on SE. Citigroup decreased their price objective on shares of SEA from $81.00 to $80.00 and set a “buy” rating on the stock in a report on Tuesday, July 23rd. TD Cowen raised their price target on shares of SEA from $64.00 to $69.00 and gave the company a “hold” rating in a report on Wednesday, August 14th. JPMorgan Chase & Co. raised SEA from a “neutral” rating to an “overweight” rating and upped their price objective for the stock from $66.00 to $90.00 in a report on Wednesday, August 14th. Barclays increased their price objective on SEA from $87.00 to $94.00 and gave the company an “overweight” rating in a research report on Thursday, August 15th. Finally, Bank of America boosted their target price on SEA from $84.00 to $96.00 and gave the stock a “buy” rating in a research report on Monday, September 23rd. Three investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $82.54.

SEA Trading Down 0.4 %

Shares of NYSE:SE opened at $95.36 on Thursday. The stock has a market capitalization of $54.58 billion, a PE ratio of -272.46 and a beta of 1.52. The company’s 50-day moving average price is $90.73 and its two-hundred day moving average price is $77.56. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.49 and a quick ratio of 1.48. Sea Limited has a one year low of $34.35 and a one year high of $101.93.

SEA (NYSE:SE) last issued 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 analyst estimates of $3.73 billion. During the same period last year, the company posted $0.54 earnings per share. The business’s revenue for the quarter was up 23.0% on a year-over-year basis. On average, equities analysts forecast that Sea Limited will post 0.64 EPS for the current fiscal year.

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.