Merit Financial Group LLC Increases Stake in Sea Limited (NYSE:SE)

Merit Financial Group LLC lifted its holdings in Sea Limited (NYSE:SE - Free Report) by 181.6% during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 8,355 shares of the Internet company based in Singapore's stock after purchasing 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 reporting period.

Other institutional investors have also recently made changes to their positions in the company. Charles Schwab Investment Management Inc. grew its holdings in SEA by 7.1% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 291,158 shares of the Internet company based in Singapore's stock valued at $30,892,000 after buying an additional 19,411 shares in the last quarter. WCM Investment Management LLC grew its holdings in SEA by 22.8% during the 4th quarter. WCM Investment Management LLC now owns 25,663,667 shares of the Internet company based in Singapore's stock valued at $2,758,331,000 after buying an additional 4,761,289 shares in the last quarter. Brucke Financial Inc. purchased a new stake in SEA during the 4th quarter valued at approximately $211,000. Atria Wealth Solutions Inc. grew its holdings in SEA by 59.2% during the 4th quarter. Atria Wealth Solutions Inc. now owns 4,013 shares of the Internet company based in Singapore's stock valued at $426,000 after buying an additional 1,493 shares in the last quarter. Finally, Global Retirement Partners LLC grew its holdings in SEA by 342.7% during the 4th quarter. Global Retirement Partners LLC now owns 1,492 shares of the Internet company based in Singapore's stock valued at $158,000 after buying an additional 1,155 shares in the last quarter. Institutional investors own 59.53% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on SE. Bank of America downgraded SEA from a "buy" rating to a "neutral" rating and set a $160.00 target price for the company. in a research report on Friday, May 9th. UBS Group increased their target price on SEA from $135.00 to $176.00 and gave the company a "buy" rating in a research report on Friday, March 7th. Loop Capital reiterated a "buy" rating and set a $190.00 target price (up from $165.00) on shares of SEA in a research report on Thursday, May 29th. JPMorgan Chase & Co. upgraded SEA from a "neutral" rating to an "overweight" rating and increased their target price for the company from $135.00 to $190.00 in a research report on Tuesday, May 13th. Finally, Arete Research upgraded SEA to a "strong-buy" rating in a research report on Sunday, March 23rd. Three research analysts have rated the stock with a hold rating, nine have assigned a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $147.15.

SEA Trading Down 1.6%

Shares of NYSE:SE traded down $2.56 on Wednesday, hitting $154.31. 4,783,151 shares of the company's stock were exchanged, compared to its average volume of 4,448,192. Sea Limited has a 12 month low of $55.00 and a 12 month high of $172.65. The stock has a market capitalization of $90.90 billion, a price-to-earnings ratio of 1,028.71 and a beta of 1.64. The business's 50 day simple moving average is $142.23 and its two-hundred day simple moving average is $128.06. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.62 and a quick ratio of 1.60.

SEA (NYSE:SE - Get Free Report) last released its earnings results on Tuesday, May 13th. The Internet company based in Singapore reported $0.65 earnings per share 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 business 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) earnings per share. The firm's revenue for the quarter was up 29.6% compared to the same quarter last year. 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.