Eagle Rock Investment Company LLC Takes Position in Sea Limited (NYSE:SE)

Eagle Rock Investment Company LLC acquired a new position in Sea Limited (NYSE:SE - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 1,638 shares of the Internet company based in Singapore's stock, valued at approximately $214,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Portside Wealth Group LLC increased its stake in shares of SEA by 44.2% in the 1st quarter. Portside Wealth Group LLC now owns 4,300 shares of the Internet company based in Singapore's stock worth $561,000 after purchasing an additional 1,319 shares in the last quarter. Veracity Capital LLC purchased a new stake in SEA in the 1st quarter worth $240,000. Myriad Asset Management US LP purchased a new stake in SEA in the 1st quarter worth $6,996,000. Whipplewood Advisors LLC increased its stake in SEA by 231.6% in the 1st quarter. Whipplewood Advisors LLC now owns 6,895 shares of the Internet company based in Singapore's stock worth $900,000 after buying an additional 4,816 shares in the last quarter. Finally, RFG Advisory LLC purchased a new stake in SEA in the 1st quarter worth $1,282,000. 59.53% of the stock is currently owned by hedge funds and other institutional investors.

SEA Price Performance

Shares of SE stock traded down $7.54 during trading hours on Tuesday, hitting $157.04. The stock had a trading volume of 5,609,692 shares, compared to its average volume of 4,448,509. Sea Limited has a one year low of $55.00 and a one year high of $172.65. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.62 and a quick ratio of 1.60. The stock's 50-day moving average price is $141.26 and its two-hundred day moving average price is $127.88. The stock has a market capitalization of $92.51 billion, a price-to-earnings ratio of 1,046.93 and a beta of 1.64.

SEA (NYSE:SE - Get Free Report) last issued its quarterly earnings data on Tuesday, May 13th. The Internet company based in Singapore reported $0.65 earnings per share for the quarter, missing the consensus estimate of $0.93 by ($0.28). SEA had a return on equity of 1.40% and a net margin of 0.64%. The company had revenue of $4.84 billion for the quarter, compared to the consensus estimate of $4.90 billion. During the same period in the previous year, the firm earned ($0.04) earnings per share. The company's revenue was up 29.6% compared to the same quarter last year. Equities analysts forecast that Sea Limited will post 0.74 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the company. Wedbush reiterated an "outperform" rating on shares of SEA in a research note on Wednesday, May 14th. Sanford C. Bernstein reiterated an "outperform" rating and issued a $170.00 price target on shares of SEA in a research note on Wednesday, May 14th. Phillip Securities upgraded SEA from a "moderate sell" rating to a "hold" rating in a research note on Friday, March 7th. Bank of America lowered 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. Finally, Barclays increased their price target on SEA from $182.00 to $200.00 and gave the stock an "overweight" rating in a research note on Thursday, May 15th. Three analysts have rated the stock with a hold rating, nine have issued a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target 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.