Equitable Trust Co. Grows Stock Holdings in Sea Limited (NYSE:SE)

Equitable Trust Co. lifted its position in Sea Limited (NYSE:SE - Free Report) by 50.7% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 138,439 shares of the Internet company based in Singapore's stock after buying an additional 46,545 shares during the period. Equitable Trust Co.'s holdings in SEA were worth $5,607,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Sunbelt Securities Inc. grew its position in SEA by 91.4% during the third quarter. Sunbelt Securities Inc. now owns 670 shares of the Internet company based in Singapore's stock valued at $29,000 after buying an additional 320 shares during the period. UMB Bank n.a. grew its position in shares of SEA by 70.9% during the 4th quarter. UMB Bank n.a. now owns 788 shares of the Internet company based in Singapore's stock valued at $32,000 after acquiring an additional 327 shares during the period. Tyler Stone Wealth Management purchased a new stake in shares of SEA in the 2nd quarter worth $33,000. Blue Trust Inc. raised its holdings in SEA by 152.4% in the 4th quarter. Blue Trust Inc. now owns 843 shares of the Internet company based in Singapore's stock worth $36,000 after purchasing an additional 509 shares during the period. Finally, First Horizon Advisors Inc. lifted its position in SEA by 135.7% during the first quarter. First Horizon Advisors Inc. now owns 495 shares of the Internet company based in Singapore's stock valued at $43,000 after purchasing an additional 285 shares in the last quarter. 59.53% of the stock is currently owned by hedge funds and other institutional investors.

SEA Price Performance

NYSE SE traded up $1.85 on Friday, hitting $55.28. The company had a trading volume of 5,572,093 shares, compared to its average volume of 5,112,670. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.44 and a quick ratio of 1.43. The company's fifty day moving average price is $49.93 and its 200-day moving average price is $43.50. The company has a market capitalization of $31.22 billion, a PE ratio of 230.33 and a beta of 1.50. Sea Limited has a 12-month low of $34.35 and a 12-month high of $88.39.

SEA (NYSE:SE - Get Free Report) last posted its quarterly earnings data on Monday, March 4th. The Internet company based in Singapore reported ($0.19) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.06) by ($0.13). The firm had revenue of $3.62 billion during the quarter, compared to analyst estimates of $3.57 billion. SEA had a return on equity of 2.54% and a net margin of 1.27%. The company's quarterly revenue was up 5.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.72 earnings per share. As a group, analysts predict that Sea Limited will post 1.01 earnings per share for the current year.

Analyst Ratings Changes

A number of analysts have issued reports on SE shares. Bank of America lifted their price target on shares of SEA from $46.00 to $55.00 and gave the company a "neutral" rating in a report on Tuesday, March 5th. Barclays lifted their price objective on shares of SEA from $59.00 to $68.00 and gave the stock an "overweight" rating in a research note on Tuesday, March 5th. Daiwa Capital Markets upgraded SEA from a "neutral" rating to a "buy" rating in a research report on Friday, February 2nd. HSBC lifted their price target on shares of SEA from $70.00 to $76.00 and gave the stock a "buy" rating in a research note on Tuesday, March 5th. Finally, Sanford C. Bernstein increased their target price on SEA from $60.00 to $70.00 and gave the stock an "outperform" rating in a research note on Thursday, March 14th. Six equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat, SEA has an average rating of "Moderate Buy" and a consensus price target of $68.29.

SEA Profile

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.