Crossmark Global Holdings Inc. Trims Stock Position in Sea Limited (NYSE:SE)

Crossmark Global Holdings Inc. cut its stake in shares of Sea Limited (NYSE:SE) by 7.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 14,551 shares of the Internet company based in Singapore’s stock after selling 1,234 shares during the quarter. Crossmark Global Holdings Inc.’s holdings in SEA were worth $1,544,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the stock. Ballentine Partners LLC increased its holdings in SEA by 5.6% during the fourth quarter. Ballentine Partners LLC now owns 2,970 shares of the Internet company based in Singapore’s stock valued at $315,000 after buying an additional 158 shares during the period. Diversify Advisory Services LLC acquired a new stake in SEA in the fourth quarter valued at approximately $287,000. Diversify Wealth Management LLC acquired a new stake in SEA in the fourth quarter valued at approximately $995,000. SeaTown Holdings Pte. Ltd. acquired a new stake in SEA in the fourth quarter valued at approximately $4,821,000. Finally, Aaron Wealth Advisors LLC boosted its stake in SEA by 10.3% in the fourth quarter. Aaron Wealth Advisors LLC now owns 2,859 shares of the Internet company based in Singapore’s stock valued at $303,000 after acquiring an additional 268 shares in the last quarter. 59.53% of the stock is owned by hedge funds and other institutional investors.

SEA Trading Down 1.6 %

Shares of SEA stock opened at $116.44 on Friday. The firm has a 50-day simple moving average of $112.14 and a two-hundred day simple moving average of $93.46. The company has a market cap of $66.64 billion, a P/E ratio of 776.24 and a beta of 1.54. Sea Limited has a fifty-two week low of $38.10 and a fifty-two week high of $119.47. 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 (NYSE:SE) last issued its quarterly earnings data 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 firm had revenue of $4.33 billion during the quarter, compared to analyst estimates of $4.09 billion. SEA had a return on equity of 1.40% and a net margin of 0.64%. The company’s revenue was up 30.8% on a year-over-year basis. During the same quarter last year, the company posted ($0.26) EPS. As a group, equities analysts predict that Sea Limited will post 0.76 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on SE shares. Benchmark raised their target price on shares of SEA from $94.00 to $130.00 and gave the company a “buy” rating in a research note on Wednesday, November 13th. Dbs Bank upgraded shares of SEA from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, November 13th. Wedbush reiterated an “outperform” rating and set a $105.00 price objective (up from $84.00) on shares of SEA in a research note on Monday, November 4th. TD Cowen lifted their price objective on shares of SEA from $69.00 to $100.00 and gave the stock a “hold” rating in a research note on Wednesday, November 13th. Finally, Barclays lifted their price objective on shares of SEA from $94.00 to $131.00 and gave the stock an “overweight” rating in a research note on Thursday, November 14th. One analyst has rated the stock with a sell rating, two have assigned a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, SEA presently has a consensus rating of “Moderate Buy” and an average target price 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.