SG Americas Securities LLC grew its position in shares of Sea Limited (NYSE:SE - Free Report) by 42.5% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,640,089 shares of the Internet company based in Singapore's stock after buying an additional 489,074 shares during the period. SEA comprises 0.7% of SG Americas Securities LLC's portfolio, making the stock its 16th largest position. SG Americas Securities LLC owned 0.29% of SEA worth $95,191,000 at the end of the most recent quarter.
Several other hedge funds also recently made changes to their positions in SE. Glassman Wealth Services raised its stake in SEA by 120.1% during the first quarter. Glassman Wealth Services now owns 306 shares of the Internet company based in Singapore's stock worth $26,000 after acquiring an additional 167 shares during the period. RFP Financial Group LLC raised its position in shares of SEA by 1,304.2% during the 1st quarter. RFP Financial Group LLC now owns 337 shares of the Internet company based in Singapore's stock worth $29,000 after purchasing an additional 313 shares during the period. Ronald Blue Trust Inc. lifted its holdings in shares of SEA by 95.0% in the 1st quarter. Ronald Blue Trust Inc. now owns 708 shares of the Internet company based in Singapore's stock worth $37,000 after purchasing an additional 345 shares during the last quarter. First Horizon Advisors Inc. lifted its holdings in shares of SEA by 135.7% in the 1st quarter. First Horizon Advisors Inc. now owns 495 shares of the Internet company based in Singapore's stock worth $43,000 after purchasing an additional 285 shares during the last quarter. Finally, Laffer Tengler Investments acquired a new position in SEA during the 1st quarter valued at approximately $66,000. Institutional investors and hedge funds own 72.05% of the company's stock.
SEA Trading Down 0.9 %
SEA stock traded down $0.37 during midday trading on Friday, reaching $39.52. The stock had a trading volume of 3,740,943 shares, compared to its average volume of 5,635,302. Sea Limited has a twelve month low of $34.87 and a twelve month high of $88.84. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.75 and a quick ratio of 1.73. The firm has a market cap of $22.32 billion, a price-to-earnings ratio of 102.31 and a beta of 1.75. The firm's fifty day simple moving average is $50.25 and its two-hundred day simple moving average is $64.36.
SEA (NYSE:SE - Get Free Report) last issued its earnings results on Tuesday, August 15th. The Internet company based in Singapore reported $0.54 EPS for the quarter, missing the consensus estimate of $0.65 by ($0.11). The business had revenue of $3.10 billion during the quarter, compared to analyst estimates of $3.26 billion. SEA had a return on equity of 4.69% and a net margin of 2.17%. The business's quarterly revenue was up 5.2% on a year-over-year basis. During the same period last year, the business earned ($1.35) EPS. Equities analysts anticipate that Sea Limited will post 1.26 EPS for the current fiscal year.
Analyst Upgrades and Downgrades
SE has been the subject of a number of analyst reports. Citigroup lowered SEA from a "buy" rating to a "neutral" rating and reduced their price target for the stock from $98.00 to $50.00 in a research report on Tuesday, August 15th. JPMorgan Chase & Co. lowered shares of SEA from an "overweight" rating to a "neutral" rating and set a $45.00 price target for the company. in a research note on Thursday, August 17th. Barclays lowered their price target on SEA from $98.00 to $64.00 and set an "overweight" rating on the stock in a research report on Wednesday, August 16th. TD Cowen decreased their target price on SEA from $65.00 to $46.00 and set a "market perform" rating for the company in a research note on Tuesday, August 22nd. Finally, UBS Group upgraded shares of SEA from a "neutral" rating to a "buy" rating and boosted their price target for the stock from $66.00 to $86.00 in a research report on Monday, July 31st. Nine analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, SEA has a consensus rating of "Moderate Buy" and a consensus price target of $72.50.
Check Out Our Latest Research Report on SEA
Sea Limited, together with its subsidiaries, engages in the digital entertainment, e-commerce, and digital financial service businesses in Southeast Asia, Latin America, rest of Asia, and internationally. It offers Garena digital entertainment platform for users to access mobile and PC online games, as well as eSports operations.
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