Circle Wealth Management LLC Buys 4,662 Shares of Sea Limited Sponsored ADR $SE

Key Points

• Circle Wealth Management LLC increased its stake in Sea Limited Sponsored ADR by 51.7%, acquiring an additional 4,662 shares, bringing its total holdings to 13,676 shares valued at $1,785,000.
• Recent earnings reports show Sea Limited's earnings per share missed expectations at $0.65, while revenue surpassed forecasts at $5.26 billion, marking a 38.2% year-over-year increase.
• Multiple analysts have raised their price targets for Sea Limited, with Macquarie setting a new target at $219.90, reflecting positive sentiment around the company's performance despite a recent downgrade from Bank of America to "neutral".

Circle Wealth Management LLC boosted its position in shares of Sea Limited Sponsored ADR (NYSE:SE - Free Report) by 51.7% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 13,676 shares of the Internet company based in Singapore's stock after purchasing an additional 4,662 shares during the quarter. Circle Wealth Management LLC's holdings in SEA were worth $1,785,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of SE. Pacer Advisors Inc. increased its holdings in SEA by 2.9% in the 1st quarter. Pacer Advisors Inc. now owns 3,082 shares of the Internet company based in Singapore's stock valued at $402,000 after purchasing an additional 87 shares in the last quarter. State of Wyoming boosted its stake in shares of SEA by 3.1% during the 4th quarter. State of Wyoming now owns 3,010 shares of the Internet company based in Singapore's stock valued at $319,000 after buying an additional 90 shares during the last quarter. Blue Trust Inc. boosted its stake in SEA by 4.8% during the 1st quarter. Blue Trust Inc. now owns 2,043 shares of the Internet company based in Singapore's stock valued at $267,000 after acquiring an additional 93 shares during the last quarter. SOA Wealth Advisors LLC. grew its stake in SEA by 13.3% in the first quarter. SOA Wealth Advisors LLC. now owns 850 shares of the Internet company based in Singapore's stock worth $111,000 after purchasing an additional 100 shares in the last quarter. Finally, Tradewinds Capital Management LLC grew its position in shares of SEA by 100.0% in the 1st quarter. Tradewinds Capital Management LLC now owns 200 shares of the Internet company based in Singapore's stock worth $26,000 after acquiring an additional 100 shares in the last quarter. 59.53% of the stock is currently owned by institutional investors and hedge funds.

SEA Stock Up 3.2%

SEA stock traded up $5.82 during mid-day trading on Friday, hitting $185.42. 4,862,230 shares of the company's stock were exchanged, compared to its average volume of 4,744,780. The stock has a 50 day moving average of $159.15 and a two-hundred day moving average of $144.66. The company has a current ratio of 1.55, a quick ratio of 1.54 and a debt-to-equity ratio of 0.16. Sea Limited Sponsored ADR has a 1-year low of $75.67 and a 1-year high of $185.68. The stock has a market cap of $109.23 billion, a P/E ratio of 96.07 and a beta of 1.58.

SEA (NYSE:SE - Get Free Report) last posted its earnings results on Tuesday, August 12th. The Internet company based in Singapore reported $0.65 earnings per share for the quarter, missing the consensus estimate of $1.03 by ($0.38). The company had revenue of $5.26 billion during the quarter, compared to analyst estimates of $5 billion. SEA had a return on equity of 13.66% and a net margin of 6.23%.The firm's revenue for the quarter was up 38.2% compared to the same quarter last year. During the same quarter last year, the firm posted $0.14 earnings per share. As a group, analysts anticipate that Sea Limited Sponsored ADR will post 0.74 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the stock. Sanford C. Bernstein reaffirmed an "outperform" rating and set a $170.00 price objective on shares of SEA in a research report on Wednesday, May 14th. Benchmark upped their price objective on shares of SEA from $180.00 to $205.00 and gave the stock a "buy" rating in a report on Wednesday, August 13th. Loop Capital reaffirmed a "buy" rating and set a $190.00 price target (up from $165.00) on shares of SEA in a research note on Thursday, May 29th. Wall Street Zen raised shares of SEA from a "hold" rating to a "buy" rating in a research note on Saturday, August 16th. Finally, Macquarie reaffirmed an "outperform" rating and set a $219.90 target price (up from $178.20) on shares of SEA in a research report on Tuesday, August 12th. Two analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $173.49.

SEA 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.