RFG Advisory LLC Purchases New Shares in Sea Limited (NYSE:SE)

RFG Advisory LLC purchased a new position in Sea Limited (NYSE:SE - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 9,826 shares of the Internet company based in Singapore's stock, valued at approximately $1,282,000.

Several other institutional investors also recently added to or reduced their stakes in SE. Private Trust Co. NA lifted its stake 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 acquiring an additional 204 shares during the period. Kestra Investment Management LLC purchased a new stake in SEA in the fourth quarter worth about $34,000. Farther Finance Advisors LLC lifted its stake 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 acquiring an additional 112 shares during the period. Banque Transatlantique SA purchased a new stake in SEA in the fourth quarter worth about $39,000. Finally, Huntington National Bank lifted its stake in SEA by 783.6% in the fourth quarter. Huntington National Bank now owns 486 shares of the Internet company based in Singapore's stock worth $52,000 after acquiring an additional 431 shares during the period. Hedge funds and other institutional investors own 59.53% of the company's stock.

Analyst Upgrades and Downgrades

SE has been the subject of several analyst reports. Barclays increased their price target on shares of SEA from $182.00 to $200.00 and gave the company an "overweight" rating in a research report on Thursday, May 15th. Bank of America cut shares of SEA from a "buy" rating to a "neutral" rating and set a $160.00 price target on the stock. in a report on Friday, May 9th. Jefferies Financial Group raised their price target on shares of SEA from $131.00 to $157.00 and gave the company a "buy" rating in a report on Tuesday, March 4th. Wedbush restated an "outperform" rating on shares of SEA in a report on Wednesday, May 14th. Finally, Loop Capital restated a "buy" rating and issued a $190.00 price target (up from $165.00) on shares of SEA in a report on Thursday, May 29th. Three research analysts have rated the stock with a hold rating, nine have issued a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $147.15.

SEA Stock Performance

NYSE SE traded down $0.94 on Monday, hitting $164.67. 1,657,845 shares of the company's stock traded hands, compared to its average volume of 4,438,848. The firm's 50-day moving average price is $139.92 and its two-hundred day moving average price is $127.32. The firm has a market capitalization of $97.01 billion, a PE ratio of 1,097.80 and a beta of 1.64. The company has a current ratio of 1.62, a quick ratio of 1.60 and a debt-to-equity ratio of 0.36. Sea Limited has a 1-year low of $55.00 and a 1-year high of $172.65.

SEA (NYSE:SE - Get Free Report) last released its quarterly earnings data on Tuesday, May 13th. The Internet company based in Singapore reported $0.65 earnings per share for the quarter, missing analysts' consensus estimates of $0.93 by ($0.28). SEA had a net margin of 0.64% and a return on equity of 1.40%. The company had revenue of $4.84 billion for the quarter, compared to analysts' expectations of $4.90 billion. During the same quarter in the previous year, the business posted ($0.04) EPS. The business's quarterly revenue was up 29.6% on a year-over-year basis. As a group, analysts expect that Sea Limited will post 0.74 EPS 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.