Merit Financial Group LLC Acquires 5,388 Shares of Sea Limited (NYSE:SE)

Merit Financial Group LLC grew its stake in shares of Sea Limited (NYSE:SE - Free Report) by 181.6% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 8,355 shares of the Internet company based in Singapore's stock after acquiring an additional 5,388 shares during the period. Merit Financial Group LLC's holdings in SEA were worth $1,090,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in SE. Yousif Capital Management LLC increased its holdings in shares of SEA by 2.7% during the fourth quarter. Yousif Capital Management LLC now owns 20,406 shares of the Internet company based in Singapore's stock worth $2,165,000 after purchasing an additional 527 shares during the period. Choreo LLC grew its position in SEA by 2.6% during the fourth quarter. Choreo LLC now owns 16,969 shares of the Internet company based in Singapore's stock worth $1,822,000 after buying an additional 434 shares in the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd grew its position in SEA by 12.7% during the fourth quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 40,959 shares of the Internet company based in Singapore's stock worth $4,346,000 after buying an additional 4,605 shares in the last quarter. SOA Wealth Advisors LLC. increased its stake in SEA by 25.0% during the 4th quarter. SOA Wealth Advisors LLC. now owns 750 shares of the Internet company based in Singapore's stock worth $80,000 after acquiring an additional 150 shares during the period. Finally, Apollon Wealth Management LLC raised its holdings in SEA by 3.5% in the 4th quarter. Apollon Wealth Management LLC now owns 34,501 shares of the Internet company based in Singapore's stock valued at $3,661,000 after acquiring an additional 1,159 shares in the last quarter. Institutional investors own 59.53% of the company's stock.

SEA Price Performance

SE stock traded down $4.69 during trading on Friday, reaching $165.71. 4,358,958 shares of the company were exchanged, compared to its average volume of 4,450,012. The company has a market capitalization of $97.62 billion, a price-to-earnings ratio of 1,104.73 and a beta of 1.64. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.62 and a quick ratio of 1.60. The company has a 50-day moving average of $139.92 and a two-hundred day moving average of $127.24. Sea Limited has a twelve month low of $55.00 and a twelve month high of $172.65.

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). 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 analyst estimates of $4.90 billion. During the same quarter last year, the company posted ($0.04) earnings per share. The firm's quarterly revenue was up 29.6% on a year-over-year basis. As a group, equities analysts predict that Sea Limited will post 0.74 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on the company. Phillip Securities raised SEA from a "moderate sell" rating to a "hold" rating in a report on Friday, March 7th. UBS Group upped their price objective on shares of SEA from $135.00 to $176.00 and gave the stock a "buy" rating in a research report on Friday, March 7th. Wedbush reissued an "outperform" rating on shares of SEA in a report on Wednesday, May 14th. Benchmark boosted their target price on shares of SEA from $150.00 to $180.00 and gave the company a "buy" rating in a research report on Wednesday, May 14th. Finally, JPMorgan Chase & Co. raised shares of SEA from a "neutral" rating to an "overweight" rating and upped their price target for the stock from $135.00 to $190.00 in a report on Tuesday, May 13th. Three research 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. According to MarketBeat, SEA has a consensus rating of "Moderate Buy" and a consensus price target of $147.15.

SEA Company 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.