Financial Advocates Investment Management Sells 444 Shares of Sea Limited (NYSE:SE)

Financial Advocates Investment Management cut its holdings in Sea Limited (NYSE:SE) by 6.0% in the fourth quarter, HoldingsChannel reports. The firm owned 7,011 shares of the Internet company based in Singapore’s stock after selling 444 shares during the quarter. Financial Advocates Investment Management’s holdings in SEA were worth $744,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of SE. Baillie Gifford & Co. grew its stake in shares of SEA by 15.5% in the 3rd quarter. Baillie Gifford & Co. now owns 39,564,018 shares of the Internet company based in Singapore’s stock worth $3,730,096,000 after buying an additional 5,295,590 shares in the last quarter. WCM Investment Management LLC lifted its holdings in shares of SEA by 35.9% in the 3rd quarter. WCM Investment Management LLC now owns 20,902,378 shares of the Internet company based in Singapore’s stock valued at $1,971,303,000 after acquiring an additional 5,517,559 shares during the last quarter. Kaizen Investment Management Pte. Ltd. purchased a new position in SEA in the third quarter worth about $587,544,000. Geode Capital Management LLC increased its stake in SEA by 4.2% during the third quarter. Geode Capital Management LLC now owns 3,059,521 shares of the Internet company based in Singapore’s stock worth $283,543,000 after acquiring an additional 124,433 shares during the last quarter. Finally, Perpetual Ltd raised its position in SEA by 3,033.0% during the fourth quarter. Perpetual Ltd now owns 2,098,003 shares of the Internet company based in Singapore’s stock valued at $222,598,000 after purchasing an additional 2,031,038 shares during the period. Institutional investors own 59.53% of the company’s stock.

SEA Stock Up 0.3 %

SEA stock opened at $123.00 on Friday. The company has a quick ratio of 1.60, a current ratio of 1.62 and a debt-to-equity ratio of 0.36. The firm has a market cap of $70.40 billion, a P/E ratio of 820.01 and a beta of 1.55. The business has a fifty day moving average of $113.78 and a two-hundred day moving average of $96.88. Sea Limited has a twelve month low of $41.60 and a twelve month high of $126.35.

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 company had revenue of $4.33 billion for the quarter, compared to the consensus estimate of $4.09 billion. SEA had a net margin of 0.64% and a return on equity of 1.40%. SEA’s revenue for the quarter was up 30.8% compared to the same quarter last year. During the same period in the previous year, the business earned ($0.26) EPS. On average, analysts forecast that Sea Limited will post 0.8 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the company. TD Cowen lifted their target price on SEA from $69.00 to $100.00 and gave the stock a “hold” rating in a report on Wednesday, November 13th. Phillip Securities reiterated a “reduce” rating and set a $100.00 price objective (up previously from $80.00) on shares of SEA in a research report on Tuesday, November 19th. Benchmark upped their price target on shares of SEA from $94.00 to $130.00 and gave the company a “buy” rating in a report on Wednesday, November 13th. Dbs Bank raised shares of SEA from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, November 13th. Finally, Barclays upped their target price on SEA from $94.00 to $131.00 and gave the company an “overweight” rating in a research note on Thursday, November 14th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $91.21.

About SEA

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.