Exchange Traded Concepts LLC Purchases 10,721 Shares of Sea Limited (NYSE:SE)

Exchange Traded Concepts LLC grew its position in shares of Sea Limited (NYSE:SE) by 10.9% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 109,392 shares of the Internet company based in Singapore’s stock after buying an additional 10,721 shares during the quarter. Exchange Traded Concepts LLC’s holdings in SEA were worth $11,606,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently modified their holdings of SE. Rosenberg Matthew Hamilton lifted its holdings 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 acquiring an additional 203 shares during the period. Truvestments Capital LLC purchased a new position in shares of SEA in the 3rd quarter worth about $41,000. Icon Wealth Advisors LLC purchased a new stake in SEA during the third quarter worth about $47,000. SOA Wealth Advisors LLC. raised its position in SEA by 33.3% in the third quarter. SOA Wealth Advisors LLC. now owns 600 shares of the Internet company based in Singapore’s stock worth $57,000 after acquiring an additional 150 shares during the period. Finally, TD Private Client Wealth LLC boosted its stake in SEA by 33.7% in the third quarter. TD Private Client Wealth LLC now owns 603 shares of the Internet company based in Singapore’s stock valued at $57,000 after acquiring an additional 152 shares during the last quarter. 59.53% of the stock is owned by institutional investors.

SEA Stock Down 0.1 %

SE opened at $116.32 on Friday. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.62 and a quick ratio of 1.60. Sea Limited has a one year low of $38.10 and a one year high of $119.47. The firm has a market capitalization of $66.58 billion, a P/E ratio of 776.25 and a beta of 1.54. The company has a fifty day moving average price of $112.14 and a 200-day moving average price of $93.46.

SEA (NYSE:SE) last announced 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). The business had revenue of $4.33 billion during the quarter, compared to the consensus estimate of $4.09 billion. SEA had a return on equity of 1.40% and a net margin of 0.64%. SEA’s revenue was up 30.8% compared to the same quarter last year. During the same quarter in the prior year, the company earned ($0.26) earnings per share. Equities research analysts expect that Sea Limited will post 0.76 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several brokerages have recently issued reports on SE. Dbs Bank upgraded shares of SEA from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, November 13th. Phillip Securities restated a “reduce” rating and issued a $100.00 target price (up from $80.00) on shares of SEA in a research note on Tuesday, November 19th. Benchmark increased their price target on SEA from $94.00 to $130.00 and gave the stock a “buy” rating in a research note on Wednesday, November 13th. TD Cowen boosted their price objective on SEA from $69.00 to $100.00 and gave the company a “hold” rating in a research note on Wednesday, November 13th. Finally, Barclays increased their target price 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. One investment 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’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $91.21.

SEA Company Profile

Sea Ltd. is an internet and mobile platform company, which engages in the provision of online gaming services. It operates through the following segments: Digital Entertainment, E-Commerce, and Digital Financial Services. The Digital Entertainment segment offers and develops mobile and PC online games.