Canvas Wealth Advisors LLC Decreases Stake in Sea Limited Sponsored ADR (NYSE:SE)

Canvas Wealth Advisors LLC lessened its holdings in shares of Sea Limited Sponsored ADR (NYSE:SE - Free Report) by 21.0% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 6,123 shares of the Internet company based in Singapore's stock after selling 1,630 shares during the period. Canvas Wealth Advisors LLC's holdings in SEA were worth $799,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of SE. Diversified Trust Co lifted its stake in shares of SEA by 10.8% in the first quarter. Diversified Trust Co now owns 22,515 shares of the Internet company based in Singapore's stock valued at $2,938,000 after purchasing an additional 2,189 shares during the period. Goldstein Advisors LLC acquired a new stake in shares of SEA during the 1st quarter valued at approximately $251,000. Sequoia Financial Advisors LLC lifted its position in shares of SEA by 8.6% during the 1st quarter. Sequoia Financial Advisors LLC now owns 3,536 shares of the Internet company based in Singapore's stock valued at $461,000 after acquiring an additional 279 shares during the period. Robeco Institutional Asset Management B.V. boosted its stake in shares of SEA by 81.5% during the 1st quarter. Robeco Institutional Asset Management B.V. now owns 805,562 shares of the Internet company based in Singapore's stock worth $105,118,000 after acquiring an additional 361,756 shares in the last quarter. Finally, Perigon Wealth Management LLC grew its holdings in shares of SEA by 21.0% in the 1st quarter. Perigon Wealth Management LLC now owns 12,552 shares of the Internet company based in Singapore's stock worth $1,638,000 after acquiring an additional 2,177 shares during the period. Hedge funds and other institutional investors own 59.53% of the company's stock.

SEA Stock Performance

NYSE SE opened at $158.67 on Friday. The business's 50-day moving average price is $151.20 and its 200 day moving average price is $131.17. The company has a current ratio of 1.51, a quick ratio of 1.49 and a debt-to-equity ratio of 0.18. Sea Limited Sponsored ADR has a twelve month low of $55.00 and a twelve month high of $172.65. The company has a market capitalization of $93.48 billion, a PE ratio of 111.74 and a beta of 1.64.

SEA (NYSE:SE - Get Free Report) last released its earnings results on Tuesday, May 13th. The Internet company based in Singapore reported $0.65 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.93 by ($0.28). SEA had a return on equity of 10.74% and a net margin of 4.87%. The company had revenue of $4.84 billion during the quarter, compared to analyst estimates of $4.90 billion. During the same period in the prior year, the business posted ($0.04) earnings per share. SEA's revenue was up 29.6% on a year-over-year basis. On average, research analysts predict that Sea Limited Sponsored ADR will post 0.74 earnings per share for the current year.

Analyst Upgrades and Downgrades

SE has been the subject of several research analyst reports. Benchmark raised their price objective on SEA from $150.00 to $180.00 and gave the company a "buy" rating in a research note on Wednesday, May 14th. Arete Research upgraded SEA to a "strong-buy" rating in a research report on Sunday, March 23rd. Bank of America downgraded SEA from a "buy" rating to a "neutral" rating and set a $160.00 price target for the company. in a research note on Friday, May 9th. Sanford C. Bernstein reissued an "outperform" rating and issued a $170.00 price objective on shares of SEA in a research note on Wednesday, May 14th. Finally, Wedbush restated an "outperform" rating on shares of SEA in a report on Wednesday, May 14th. Four equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $147.15.

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.

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