Rakuten Securities Inc. Acquires 31,159 Shares of Sea Limited (NYSE:SE)

Rakuten Securities Inc. grew its holdings in Sea Limited (NYSE:SE - Free Report) by 5,614.2% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 31,714 shares of the Internet company based in Singapore's stock after purchasing an additional 31,159 shares during the period. SEA comprises 2.1% of Rakuten Securities Inc.'s portfolio, making the stock its 8th largest holding. Rakuten Securities Inc.'s holdings in SEA were worth $4,138,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Private Trust Co. NA increased its holdings in SEA by 474.4% in the fourth quarter. Private Trust Co. NA now owns 247 shares of the Internet company based in Singapore's stock worth $26,000 after buying an additional 204 shares during the last quarter. Fifth Third Bancorp increased its holdings in SEA by 464.3% in 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 acquired a new position in SEA in the fourth quarter worth approximately $34,000. Farther Finance Advisors LLC increased its holdings in SEA by 43.8% in the fourth quarter. Farther Finance Advisors LLC now owns 368 shares of the Internet company based in Singapore's stock worth $39,000 after buying an additional 112 shares during the last quarter. Finally, Banque Transatlantique SA bought a new stake in SEA during the fourth quarter worth approximately $39,000. Institutional investors and hedge funds own 59.53% of the company's stock.

SEA Price Performance

Shares of SE stock opened at $158.31 on Tuesday. 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 Limited has a 12 month low of $55.00 and a 12 month high of $172.65. The firm has a market cap of $93.26 billion, a price-to-earnings ratio of 1,055.38 and a beta of 1.64. The stock has a 50-day moving average price of $145.23 and a 200 day moving average price of $129.11.

SEA (NYSE:SE - Get Free Report) last issued its 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 return on equity of 1.40% and a net margin of 0.64%. The company had revenue of $4.84 billion for the quarter, compared to the consensus estimate of $4.90 billion. During the same quarter last year, the business posted ($0.04) EPS. SEA's quarterly revenue was up 29.6% on a year-over-year basis. Research analysts expect that Sea Limited will post 0.74 EPS for the current year.

Analyst Ratings Changes

Several research firms have recently weighed in on SE. Benchmark increased their price objective on SEA from $150.00 to $180.00 and gave the company a "buy" rating in a research report on Wednesday, May 14th. Wall Street Zen raised SEA from a "hold" rating to a "buy" rating in a research report on Saturday. Sanford C. Bernstein reissued an "outperform" rating and issued a $170.00 price objective on shares of SEA in a research report on Wednesday, May 14th. JPMorgan Chase & Co. raised SEA from a "neutral" rating to an "overweight" rating and increased their price objective for the company from $135.00 to $190.00 in a research report on Tuesday, May 13th. Finally, Wedbush reissued an "outperform" rating on shares of SEA in a research report on Wednesday, May 14th. Three investment analysts have rated the stock with a hold rating, ten have issued a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $147.15.

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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