RFG Advisory LLC Makes New Investment in Sea Limited (NYSE:SE)

RFG Advisory LLC bought a new stake 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 bought 9,826 shares of the Internet company based in Singapore's stock, valued at approximately $1,282,000.

Several other institutional investors also recently modified their holdings of SE. Merit Financial Group LLC boosted its stake in SEA by 181.6% in the first quarter. Merit Financial Group LLC now owns 8,355 shares of the Internet company based in Singapore's stock valued at $1,090,000 after acquiring an additional 5,388 shares during the last quarter. Wallace Advisory Group LLC acquired a new position in shares of SEA in the 1st quarter valued at $276,000. GAMMA Investing LLC boosted its position in shares of SEA by 21,056.0% in the 1st quarter. GAMMA Investing LLC now owns 348,017 shares of the Internet company based in Singapore's stock worth $45,413,000 after purchasing an additional 346,372 shares during the last quarter. Versant Capital Management Inc grew its stake in shares of SEA by 7,468.2% during the first quarter. Versant Capital Management Inc now owns 1,665 shares of the Internet company based in Singapore's stock worth $217,000 after purchasing an additional 1,643 shares during the period. Finally, 111 Capital bought a new stake in SEA in the fourth quarter valued at about $28,220,000. Institutional investors and hedge funds own 59.53% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the company. Barclays raised their target price on SEA from $182.00 to $200.00 and gave the stock an "overweight" rating in a report on Thursday, May 15th. Loop Capital reissued a "buy" rating and set a $190.00 price objective (up previously from $165.00) on shares of SEA in a research note on Thursday, May 29th. Wedbush restated an "outperform" rating on shares of SEA in a report on Wednesday, May 14th. Sanford C. Bernstein reaffirmed an "outperform" rating and issued a $170.00 target price on shares of SEA in a research note on Wednesday, May 14th. Finally, Arete Research raised shares of SEA to a "strong-buy" rating in a research report on Sunday, March 23rd. Three investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, SEA presently has a consensus rating of "Moderate Buy" and a consensus price target of $147.15.

SEA Stock Up 1.3%

SEA stock opened at $170.43 on Friday. The company has a 50 day moving average of $139.26 and a 200-day moving average of $126.79. 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 twelve month low of $55.00 and a twelve month high of $172.65. The stock has a market capitalization of $100.40 billion, a PE ratio of 1,136.20 and a beta of 1.70.

SEA (NYSE:SE - Get Free Report) last announced its earnings results 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 return on equity of 1.40% and a net margin of 0.64%. The company had revenue of $4.84 billion during the quarter, compared to analyst estimates of $4.90 billion. During the same period in the previous year, the company posted ($0.04) earnings per share. SEA's revenue for the quarter was up 29.6% on a year-over-year basis. On average, equities research analysts anticipate that Sea Limited will post 0.74 EPS for the current fiscal 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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