IFP Advisors Inc Purchases 2,150 Shares of Sea Limited Sponsored ADR $SE

IFP Advisors Inc lifted its position in Sea Limited Sponsored ADR (NYSE:SE - Free Report) by 83.6% during the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 4,721 shares of the Internet company based in Singapore's stock after purchasing an additional 2,150 shares during the period. IFP Advisors Inc's holdings in SEA were worth $755,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Venturi Wealth Management LLC grew its holdings in shares of SEA by 2.3% in the second quarter. Venturi Wealth Management LLC now owns 5,147 shares of the Internet company based in Singapore's stock worth $823,000 after purchasing an additional 114 shares during the last quarter. Belpointe Asset Management LLC grew its holdings in shares of SEA by 6.9% in the second quarter. Belpointe Asset Management LLC now owns 5,676 shares of the Internet company based in Singapore's stock worth $908,000 after purchasing an additional 368 shares during the last quarter. Duncan Williams Asset Management LLC bought a new position in shares of SEA in the second quarter worth approximately $209,000. Kickstand Ventures LLC. bought a new position in shares of SEA in the second quarter worth approximately $209,000. Finally, SOA Wealth Advisors LLC. boosted its holdings in SEA by 47.1% in the second quarter. SOA Wealth Advisors LLC. now owns 1,250 shares of the Internet company based in Singapore's stock valued at $200,000 after acquiring an additional 400 shares in the last quarter. Institutional investors own 59.53% of the company's stock.

SEA Stock Performance

Shares of SEA stock opened at $182.85 on Tuesday. The company has a current ratio of 1.55, a quick ratio of 1.54 and a debt-to-equity ratio of 0.16. The firm has a market capitalization of $107.72 billion, a P/E ratio of 94.74 and a beta of 1.54. The business has a fifty day simple moving average of $181.82 and a two-hundred day simple moving average of $159.10. Sea Limited Sponsored ADR has a 12 month low of $92.50 and a 12 month high of $199.30.

SEA (NYSE:SE - Get Free Report) last posted its quarterly earnings results on Tuesday, August 12th. The Internet company based in Singapore reported $0.65 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.03 by ($0.38). The company had revenue of $5.26 billion during the quarter, compared to analysts' expectations of $5 billion. SEA had a return on equity of 13.66% and a net margin of 6.23%.SEA's revenue for the quarter was up 38.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.14 EPS. On average, equities analysts forecast that Sea Limited Sponsored ADR will post 0.74 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on SE shares. Weiss Ratings reiterated a "hold (c)" rating on shares of SEA in a report on Saturday, September 27th. Arete cut shares of SEA from a "buy" rating to a "neutral" rating and set a $177.00 price target on the stock. in a report on Wednesday, September 3rd. Barclays lifted their price target on shares of SEA from $200.00 to $214.00 and gave the company an "overweight" rating in a report on Thursday, August 14th. Benchmark lifted their price target on shares of SEA from $180.00 to $205.00 and gave the company a "buy" rating in a report on Wednesday, August 13th. Finally, Wedbush lifted their price target on shares of SEA from $170.00 to $200.00 and gave the company an "outperform" rating in a report on Wednesday, August 13th. One research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat.com, SEA presently has a consensus rating of "Moderate Buy" and a consensus price target of $176.85.

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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