Sea Limited (NYSE:SE) Shares Purchased by Elevation Point Wealth Partners LLC

Elevation Point Wealth Partners LLC grew its stake in shares of Sea Limited (NYSE:SE - Free Report) by 29.6% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 37,167 shares of the Internet company based in Singapore's stock after acquiring an additional 8,490 shares during the period. Elevation Point Wealth Partners LLC's holdings in SEA were worth $4,850,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the stock. Private Trust Co. NA increased its position in SEA by 474.4% during the 4th quarter. Private Trust Co. NA now owns 247 shares of the Internet company based in Singapore's stock worth $26,000 after purchasing an additional 204 shares in the last quarter. Fifth Third Bancorp raised its stake in SEA by 464.3% during the first quarter. Fifth Third Bancorp now owns 237 shares of the Internet company based in Singapore's stock worth $31,000 after buying an additional 195 shares during the last quarter. Kestra Investment Management LLC bought a new stake in SEA in the fourth quarter worth approximately $34,000. Farther Finance Advisors LLC lifted its position in shares of SEA by 43.8% during the 4th quarter. Farther Finance Advisors LLC now owns 368 shares of the Internet company based in Singapore's stock valued at $39,000 after acquiring an additional 112 shares during the period. Finally, Banque Transatlantique SA bought a new position in shares of SEA during the 4th quarter worth about $39,000. 59.53% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms recently weighed in on SE. Phillip Securities upgraded shares of SEA from a "moderate sell" rating to a "hold" rating in a report on Friday, March 7th. Arete Research raised SEA to a "strong-buy" rating in a report on Sunday, March 23rd. Wall Street Zen raised shares of SEA from a "hold" rating to a "buy" rating in a report on Saturday. Jefferies Financial Group increased their price target on shares of SEA from $131.00 to $157.00 and gave the stock a "buy" rating in a report on Tuesday, March 4th. Finally, Loop Capital restated a "buy" rating and set a $190.00 target price (up from $165.00) on shares of SEA in a research report on Thursday, May 29th. Three investment analysts have rated the stock with a hold rating, ten have given a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $147.15.

SEA Stock Performance

Shares of NYSE SE traded down $0.16 during midday trading on Friday, reaching $154.47. The company had a trading volume of 4,956,285 shares, compared to its average volume of 4,445,830. The stock has a market cap of $91.00 billion, a P/E ratio of 1,029.79 and a beta of 1.64. The company has a current ratio of 1.62, a quick ratio of 1.60 and a debt-to-equity ratio of 0.36. The business's 50-day simple moving average is $144.15 and its 200 day simple moving average is $128.62. Sea Limited has a 1 year low of $55.00 and a 1 year high of $172.65.

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

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.