Noesis Capital Mangement Corp Sells 948 Shares of Sea Limited (NYSE:SE)

Noesis Capital Mangement Corp lowered its stake in Sea Limited (NYSE:SE) by 1.1% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 88,097 shares of the Internet company based in Singapore’s stock after selling 948 shares during the period. SEA accounts for 1.6% of Noesis Capital Mangement Corp’s holdings, making the stock its 25th largest holding. Noesis Capital Mangement Corp’s holdings in SEA were worth $8,306,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Rosenberg Matthew Hamilton increased 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 buying an additional 203 shares during the period. SOA Wealth Advisors LLC. bought a new position in shares of SEA during the second quarter valued at $32,000. Truvestments Capital LLC acquired a new position in shares of SEA during the third quarter worth $41,000. Hexagon Capital Partners LLC grew its stake in shares of 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 during the last quarter. Finally, Icon Wealth Advisors LLC acquired a new stake in SEA in the third quarter valued at $47,000. Institutional investors own 59.53% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have commented on the company. Bank of America lifted their target price on SEA from $84.00 to $96.00 and gave the stock a “buy” rating in a report on Monday, September 23rd. Benchmark upped their target price on SEA from $94.00 to $130.00 and gave the company a “buy” rating in a report on Wednesday, November 13th. Barclays boosted their price target on shares of SEA from $94.00 to $131.00 and gave the stock an “overweight” rating in a research report on Thursday, November 14th. Dbs Bank raised shares of SEA from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, November 13th. Finally, Wedbush reaffirmed an “outperform” rating and set a $105.00 price target (up previously from $84.00) on shares of SEA in a research report on Monday, November 4th. One analyst has rated the stock with a sell rating, two have issued a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $91.21.

SEA Stock Up 1.6 %

Shares of NYSE:SE opened at $115.71 on Thursday. 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 52-week low of $34.35 and a 52-week high of $117.85. The business’s 50 day simple moving average is $98.75 and its two-hundred day simple moving average is $81.90. The firm has a market cap of $66.23 billion, a P/E ratio of 771.40 and a beta of 1.52.

SEA (NYSE:SE) last issued its earnings results on Tuesday, November 12th. The Internet company based in Singapore reported $0.24 earnings per share for the quarter, missing analysts’ consensus estimates of $0.59 by ($0.35). SEA had a return on equity of 1.40% and a net margin of 0.64%. The firm had revenue of $4.33 billion for the quarter, compared to analyst estimates of $4.09 billion. During the same period in the previous year, the company earned ($0.26) earnings per share. SEA’s revenue for the quarter was up 30.8% compared to the same quarter last year. As a group, research analysts forecast that Sea Limited will post 0.81 EPS 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.