HB Wealth Management LLC Takes $286,000 Position in Sea Limited Sponsored ADR (NYSE:SE)

Key Points

• HB Wealth Management LLC acquired a new stake of $286,000 in Sea Limited Sponsored ADR during the first quarter by purchasing 2,188 shares.
• Several institutional investors, including Pacer Advisors and Blue Trust Inc., have recently increased their holdings in Sea Limited, indicating a strong interest in the stock.
• Analysts have mixed ratings on Sea Limited, with a consensus average rating of "Moderate Buy" and price targets ranging from $160 to $200.

HB Wealth Management LLC bought a new stake in shares of Sea Limited Sponsored ADR (NYSE:SE - Free Report) in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 2,188 shares of the Internet company based in Singapore's stock, valued at approximately $286,000.

A number of other institutional investors have also recently modified their holdings of the stock. 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 worth $402,000 after purchasing an additional 87 shares in the last quarter. State of Wyoming increased its stake in shares of SEA by 3.1% in the fourth 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 period. Blue Trust Inc. increased its stake in shares of 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 valued at $267,000 after buying an additional 93 shares during the period. SOA Wealth Advisors LLC. increased its stake in shares of 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 valued at $111,000 after buying an additional 100 shares during the period. Finally, Tradewinds Capital Management LLC increased its stake in shares of SEA by 100.0% in the first 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 during the period. 59.53% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the company. Bank of America cut 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. Barclays increased their price target on SEA from $182.00 to $200.00 and gave the company an "overweight" rating in a research note on Thursday, May 15th. Benchmark increased their price target on SEA from $150.00 to $180.00 and gave the company a "buy" rating in a research note on Wednesday, May 14th. Sanford C. Bernstein reissued an "outperform" rating and issued a $170.00 price target on shares of SEA in a research note on Wednesday, May 14th. Finally, Loop Capital reissued a "buy" rating and issued a $190.00 price target (up previously from $165.00) on shares of SEA in a research note on Thursday, May 29th. Four investment analysts have rated the stock with a hold rating, eight have issued a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat.com, SEA has an average rating of "Moderate Buy" and an average price target of $159.82.

SEA Trading Down 1.6%

NYSE SE opened at $154.21 on Friday. The business has a 50 day simple moving average of $157.91 and a 200 day simple moving average of $139.54. Sea Limited Sponsored ADR has a one year low of $55.00 and a one year high of $172.65. The stock has a market capitalization of $90.85 billion, a P/E ratio of 108.60 and a beta of 1.58. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.51 and a quick ratio of 1.49.

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 the consensus estimate of $0.93 by ($0.28). The firm had revenue of $4.84 billion during the quarter, compared to the consensus estimate of $4.90 billion. SEA had a return on equity of 10.74% and a net margin of 4.87%. The firm's revenue was up 29.6% on a year-over-year basis. During the same quarter in the previous year, the company posted ($0.04) EPS. Research analysts expect that Sea Limited Sponsored ADR will post 0.74 earnings per share for the current year.

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.

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