Wallace Advisory Group LLC Buys Shares of 2,115 Sea Limited (NYSE:SE)

Wallace Advisory Group LLC bought a new position in Sea Limited (NYSE:SE - Free Report) in the first quarter, according to its most recent filing with the SEC. The firm bought 2,115 shares of the Internet company based in Singapore's stock, valued at approximately $276,000.

Other large investors also recently bought and sold shares of the company. Janney Montgomery Scott LLC purchased a new position in SEA during the 4th quarter worth approximately $869,000. Geneos Wealth Management Inc. raised its holdings in shares of SEA by 4,663.6% during the fourth quarter. Geneos Wealth Management Inc. now owns 524 shares of the Internet company based in Singapore's stock worth $56,000 after purchasing an additional 513 shares during the last quarter. China Universal Asset Management Co. Ltd. lifted its position in SEA by 19.1% during the fourth quarter. China Universal Asset Management Co. Ltd. now owns 28,000 shares of the Internet company based in Singapore's stock valued at $2,971,000 after purchasing an additional 4,500 shares during the period. Tokio Marine Asset Management Co. Ltd. lifted its position in SEA by 7.8% during the fourth quarter. Tokio Marine Asset Management Co. Ltd. now owns 20,100 shares of the Internet company based in Singapore's stock valued at $2,133,000 after purchasing an additional 1,450 shares during the period. Finally, CENTRAL TRUST Co raised its stake in shares of SEA by 55.2% during the 4th quarter. CENTRAL TRUST Co now owns 8,396 shares of the Internet company based in Singapore's stock valued at $891,000 after buying an additional 2,987 shares during the last quarter. Hedge funds and other institutional investors own 59.53% of the company's stock.

SEA Trading Up 0.5%

NYSE:SE traded up $0.81 on Tuesday, hitting $165.91. The stock had a trading volume of 3,459,898 shares, compared to its average volume of 4,448,085. Sea Limited has a 1-year low of $55.00 and a 1-year high of $169.28. The stock has a market cap of $97.74 billion, a price-to-earnings ratio of 1,106.09 and a beta of 1.70. The company has a fifty day moving average price of $137.07 and a two-hundred day moving average price of $125.80. 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 (NYSE:SE - Get Free Report) last released its quarterly 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 business had revenue of $4.84 billion for the quarter, compared to analysts' expectations of $4.90 billion. During the same quarter in the prior year, the company posted ($0.04) earnings per share. The business's revenue for the quarter was up 29.6% compared to the same quarter last year. Equities research analysts expect that Sea Limited will post 0.74 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the stock. Arete Research raised shares of SEA to a "strong-buy" rating in a report on Sunday, March 23rd. Phillip Securities upgraded shares of SEA from a "moderate sell" rating to a "hold" rating in a research report on Friday, March 7th. Sanford C. Bernstein reissued an "outperform" rating and set a $170.00 target price on shares of SEA in a research note on Wednesday, May 14th. UBS Group lifted their price target on SEA from $135.00 to $176.00 and gave the company a "buy" rating in a research note on Friday, March 7th. Finally, Wedbush reaffirmed an "outperform" rating on shares of SEA in a report on Wednesday, May 14th. Three equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $147.15.

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.