Cravens & Co Advisors LLC Lowers Holdings in Sea Limited (NYSE:SE)

Cravens & Co Advisors LLC reduced its stake in shares of Sea Limited (NYSE:SE) by 8.9% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 7,413 shares of the Internet company based in Singapore’s stock after selling 726 shares during the quarter. Cravens & Co Advisors LLC’s holdings in SEA were worth $699,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of the stock. Rosenberg Matthew Hamilton grew its position 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 purchasing an additional 203 shares during the period. SOA Wealth Advisors LLC. acquired a new position in shares of SEA during the 2nd quarter worth about $32,000. Truvestments Capital LLC purchased a new position in SEA in the 3rd quarter valued at about $41,000. Hexagon Capital Partners LLC increased its stake in SEA by 63.1% during the 2nd quarter. Hexagon Capital Partners LLC now owns 654 shares of the Internet company based in Singapore’s stock worth $47,000 after buying an additional 253 shares in the last quarter. Finally, Icon Wealth Advisors LLC purchased a new stake in SEA during the 3rd quarter worth approximately $47,000. 59.53% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on SE shares. Benchmark lifted 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. Barclays increased their target price on shares of SEA from $94.00 to $131.00 and gave the company 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. TD Cowen increased their price objective on shares of SEA from $69.00 to $100.00 and gave the company a “hold” rating in a report on Wednesday, November 13th. Finally, Phillip Securities restated a “reduce” rating and set a $100.00 target price (up from $80.00) on shares of SEA in a report on Tuesday, November 19th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, SEA has a consensus rating of “Moderate Buy” and a consensus price target of $91.21.

SEA Stock Down 0.1 %

SEA stock opened at $113.91 on Wednesday. The company 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 fifty-two week low of $34.35 and a fifty-two week high of $117.85. The firm has a 50 day moving average price of $98.08 and a 200 day moving average price of $81.55.

SEA (NYSE:SE) last released its earnings results 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 firm had revenue of $4.33 billion during the quarter, compared to analyst estimates of $4.09 billion. SEA had a net margin of 0.64% and a return on equity of 1.40%. The business’s revenue was up 30.8% compared to the same quarter last year. During the same period in the prior year, the firm earned ($0.26) earnings per share. Research analysts expect that Sea Limited will post 0.81 earnings per share for the current 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.