Equitable Trust Co. Has $23.06 Million Stock Position in Sea Limited Sponsored ADR $SE

Key Points

• Equitable Trust Co. reduced its stake in Sea Limited by 8.7% during Q2, now holding 144,157 shares worth approximately $23.06 million, making it the fund's 19th largest investment.
• Analysts have a consensus rating of "Moderate Buy" for SEA, with target prices ranging from $176.85 to $230.00, indicating potential optimism for the company's stock.
• In the most recent quarter, Sea Limited reported earnings of $0.65 per share, missing expectations, but saw revenue increase by 38.2% year-over-year, reaching $5.26 billion.

Equitable Trust Co. lessened its stake in Sea Limited Sponsored ADR (NYSE:SE - Free Report) by 8.7% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 144,157 shares of the Internet company based in Singapore's stock after selling 13,739 shares during the quarter. SEA comprises about 1.1% of Equitable Trust Co.'s investment portfolio, making the stock its 19th largest holding. Equitable Trust Co.'s holdings in SEA were worth $23,056,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. MAI Capital Management boosted its stake in SEA by 7.3% during the 1st quarter. MAI Capital Management now owns 1,198 shares of the Internet company based in Singapore's stock worth $156,000 after acquiring an additional 82 shares during the last quarter. Pacer Advisors Inc. raised its holdings in SEA by 2.9% in the first quarter. Pacer Advisors Inc. now owns 3,082 shares of the Internet company based in Singapore's stock worth $402,000 after purchasing an additional 87 shares during the period. Blue Trust Inc. raised its holdings in SEA by 4.8% in the first quarter. Blue Trust Inc. now owns 2,043 shares of the Internet company based in Singapore's stock worth $267,000 after purchasing an additional 93 shares during the period. Tradewinds Capital Management LLC increased 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 valued at $26,000 after buying an additional 100 shares in the last quarter. Finally, Venturi Wealth Management LLC increased its position in shares of SEA by 2.3% in the 2nd quarter. Venturi Wealth Management LLC now owns 5,147 shares of the Internet company based in Singapore's stock valued at $823,000 after buying an additional 114 shares in the last quarter. 59.53% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on SE shares. JPMorgan Chase & Co. boosted their target price on SEA from $208.00 to $230.00 and gave the company an "overweight" rating in a research note on Thursday, September 11th. Benchmark raised their target price on shares of SEA from $180.00 to $205.00 and gave the stock a "buy" rating in a report on Wednesday, August 13th. Barclays increased their price objective on shares of SEA from $200.00 to $214.00 and gave the stock an "overweight" rating in a research report on Thursday, August 14th. Arete lowered shares of SEA from a "buy" rating to a "neutral" rating and set a $177.00 target price for the company. in a research note on Wednesday, September 3rd. Finally, Arete Research lowered shares of SEA from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, September 3rd. One investment analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $176.85.

SEA Stock Performance

SE opened at $182.85 on Tuesday. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.54 and a current ratio of 1.55. The business's 50-day simple moving average is $181.82 and its 200 day simple moving average is $159.10. The firm has a market capitalization of $107.72 billion, a PE ratio of 94.74 and a beta of 1.54. Sea Limited Sponsored ADR has a 52-week low of $92.50 and a 52-week high of $199.30.

SEA (NYSE:SE - Get Free Report) last announced its quarterly earnings data on Tuesday, August 12th. The Internet company based in Singapore reported $0.65 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.03 by ($0.38). The company had revenue of $5.26 billion for the quarter, compared to the consensus estimate of $5 billion. SEA had a return on equity of 13.66% and a net margin of 6.23%.The company's revenue for the quarter was up 38.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.14 EPS. As a group, sell-side analysts expect that Sea Limited Sponsored ADR 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.

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