Verdence Capital Advisors LLC Acquires 1,875 Shares of Sea Limited Sponsored ADR (NYSE:SE)

Verdence Capital Advisors LLC raised its holdings in shares of Sea Limited Sponsored ADR (NYSE:SE - Free Report) by 25.3% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 9,294 shares of the Internet company based in Singapore's stock after buying an additional 1,875 shares during the period. Verdence Capital Advisors LLC's holdings in SEA were worth $1,213,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of SE. HighTower Advisors LLC lifted its holdings in SEA by 26.1% in the fourth quarter. HighTower Advisors LLC now owns 48,988 shares of the Internet company based in Singapore's stock valued at $5,198,000 after acquiring an additional 10,152 shares during the period. Farther Finance Advisors LLC lifted its stake in shares of SEA by 43.8% in the 4th quarter. Farther Finance Advisors LLC now owns 368 shares of the Internet company based in Singapore's stock valued at $39,000 after purchasing an additional 112 shares during the last quarter. Commonwealth Equity Services LLC lifted its stake in shares of SEA by 46.4% during the 4th quarter. Commonwealth Equity Services LLC now owns 18,664 shares of the Internet company based in Singapore's stock worth $1,980,000 after acquiring an additional 5,918 shares during the last quarter. Corient Private Wealth LLC increased its position in shares of SEA by 9.5% during the fourth quarter. Corient Private Wealth LLC now owns 7,619 shares of the Internet company based in Singapore's stock worth $808,000 after acquiring an additional 662 shares during the period. Finally, Signaturefd LLC increased its position in SEA by 5.3% during the 4th quarter. Signaturefd LLC now owns 7,735 shares of the Internet company based in Singapore's stock valued at $821,000 after purchasing an additional 391 shares during the period. 59.53% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts have recently weighed in on SE shares. Wedbush restated an "outperform" rating on shares of SEA in a research report on Wednesday, May 14th. Wall Street Zen cut SEA from a "buy" rating to a "hold" rating in a research note on Saturday, July 12th. Benchmark raised their price target on SEA from $150.00 to $180.00 and gave the company a "buy" rating in a research note on Wednesday, May 14th. Bank of America lowered shares of SEA from a "buy" rating to a "neutral" rating and set a $160.00 price target on the stock. in a research note on Friday, May 9th. Finally, Loop Capital reaffirmed a "buy" rating and issued a $190.00 target price (up from $165.00) on shares of SEA in a report on Thursday, May 29th. Four investment analysts have rated the stock with a hold rating, nine have given a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $153.17.

SEA Trading Up 3.6%

Shares of SEA stock opened at $167.12 on Friday. Sea Limited Sponsored ADR has a 1 year low of $55.00 and a 1 year high of $172.65. The company has a market capitalization of $98.45 billion, a price-to-earnings ratio of 117.69 and a beta of 1.60. The business has a fifty day simple moving average of $157.75 and a two-hundred day simple moving average of $135.46. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.51 and a quick ratio of 1.49.

SEA (NYSE:SE - Get Free Report) last issued its earnings results on Tuesday, May 13th. The Internet company based in Singapore reported $0.65 EPS for the quarter, missing the consensus estimate of $0.93 by ($0.28). The firm had revenue of $4.84 billion during the quarter, compared to analyst estimates of $4.90 billion. SEA had a net margin of 4.87% and a return on equity of 10.74%. SEA's quarterly revenue was up 29.6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted ($0.04) earnings per share. Research analysts forecast that Sea Limited Sponsored ADR will post 0.74 EPS for the current year.

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.

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