Exchange Traded Concepts LLC lessened its holdings in Sea Limited (NYSE:SE - Free Report) by 12.5% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 95,726 shares of the Internet company based in Singapore's stock after selling 13,666 shares during the quarter. Exchange Traded Concepts LLC's holdings in SEA were worth $12,491,000 as of its most recent SEC filing.
A number of other institutional investors have also made changes to their positions in SE. Opal Wealth Advisors LLC bought a new position in SEA in the first quarter valued at approximately $169,000. Wealth Enhancement Advisory Services LLC increased its holdings in SEA by 8.7% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 6,180 shares of the Internet company based in Singapore's stock worth $807,000 after buying an additional 493 shares during the last quarter. Elevation Point Wealth Partners LLC raised its position in SEA by 29.6% during the first quarter. Elevation Point Wealth Partners LLC now owns 37,167 shares of the Internet company based in Singapore's stock worth $4,850,000 after acquiring an additional 8,490 shares in the last quarter. Net Worth Advisory Group acquired a new stake in SEA in the first quarter valued at $202,000. Finally, Fifth Third Bancorp grew its position in shares of SEA by 464.3% in the 1st quarter. Fifth Third Bancorp now owns 237 shares of the Internet company based in Singapore's stock valued at $31,000 after acquiring an additional 195 shares during the period. Institutional investors own 59.53% of the company's stock.
SEA Stock Performance
Shares of SE traded down $0.16 during midday trading on Friday, reaching $154.47. 4,956,285 shares of the stock were exchanged, compared to its average volume of 4,450,478. The stock's 50 day simple moving average is $144.15 and its 200 day simple moving average is $128.71. The company has a market cap of $91.00 billion, a P/E ratio of 1,029.79 and a beta of 1.64. Sea Limited has a twelve month low of $55.00 and a twelve month high of $172.65. The company has a quick ratio of 1.60, a current ratio of 1.62 and a debt-to-equity ratio of 0.36.
SEA (NYSE:SE - Get Free Report) last released its quarterly earnings results on Tuesday, May 13th. The Internet company based in Singapore reported $0.65 EPS for the quarter, missing analysts' consensus estimates of $0.93 by ($0.28). The business had revenue of $4.84 billion for the quarter, compared to the consensus estimate of $4.90 billion. SEA had a return on equity of 1.40% and a net margin of 0.64%. SEA's revenue was up 29.6% compared to the same quarter last year. During the same period in the prior year, the business posted ($0.04) earnings per share. On average, sell-side analysts expect that Sea Limited will post 0.74 earnings per share for the current year.
Wall Street Analyst Weigh In
A number of brokerages have recently issued reports on SE. Arete Research raised shares of SEA to a "strong-buy" rating in a report on Sunday, March 23rd. JPMorgan Chase & Co. upgraded SEA from a "neutral" rating to an "overweight" rating and upped their price objective for the company from $135.00 to $190.00 in a research note on Tuesday, May 13th. Barclays raised their price objective on SEA from $182.00 to $200.00 and gave the company an "overweight" rating in a research report on Thursday, May 15th. Loop Capital reissued a "buy" rating and set a $190.00 target price (up from $165.00) on shares of SEA in a report on Thursday, May 29th. Finally, UBS Group raised their price target on SEA from $135.00 to $176.00 and gave the company a "buy" rating in a report on Friday, March 7th. Three research analysts have rated the stock with a hold rating, ten have given a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $147.15.
View Our Latest Research Report on SE
About SEA
(
Free Report)
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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