International Assets Investment Management LLC Invests $796,000 in Sea Limited (NYSE:SE)

International Assets Investment Management LLC acquired a new stake in shares of Sea Limited (NYSE:SE - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 19,643 shares of the Internet company based in Singapore's stock, valued at approximately $796,000.

Other large investors have also added to or reduced their stakes in the company. CWM LLC raised its stake in shares of SEA by 162.5% in the third quarter. CWM LLC now owns 4,307 shares of the Internet company based in Singapore's stock worth $189,000 after purchasing an additional 2,666 shares during the last quarter. IFP Advisors Inc grew its holdings in shares of SEA by 42.7% in the third quarter. IFP Advisors Inc now owns 2,185 shares of the Internet company based in Singapore's stock worth $96,000 after acquiring an additional 654 shares during the period. Summit Global Investments bought a new stake in shares of SEA in the third quarter worth $371,000. Exchange Traded Concepts LLC grew its holdings in SEA by 48.0% during the third quarter. Exchange Traded Concepts LLC now owns 237,216 shares of the Internet company based in Singapore's stock valued at $10,426,000 after purchasing an additional 76,915 shares during the period. Finally, ARK Investment Management LLC grew its holdings in SEA by 7.5% during the third quarter. ARK Investment Management LLC now owns 21,703 shares of the Internet company based in Singapore's stock valued at $954,000 after purchasing an additional 1,508 shares during the period. Hedge funds and other institutional investors own 59.53% of the company's stock.

SEA Trading Up 2.0 %

SE stock traded up $1.26 during midday trading on Wednesday, reaching $63.27. 6,307,569 shares of the company traded hands, compared to its average volume of 6,587,366. Sea Limited has a 52-week low of $34.35 and a 52-week high of $88.39. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.43 and a current ratio of 1.44. The business has a 50 day moving average of $53.44 and a 200-day moving average of $44.79. The firm has a market capitalization of $35.73 billion, a price-to-earnings ratio of 263.63 and a beta of 1.50.

SEA (NYSE:SE - Get Free Report) last issued 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 analysts' consensus estimates of ($0.06) by ($0.13). SEA had a net margin of 1.27% and a return on equity of 2.54%. The company had revenue of $3.62 billion for the quarter, compared to analysts' expectations of $3.57 billion. During the same quarter last year, the company earned $0.72 earnings per share. The company's revenue for the quarter was up 5.7% on a year-over-year basis. As a group, sell-side analysts expect that Sea Limited will post 1.03 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts have issued reports on SE shares. JPMorgan Chase & Co. raised SEA from a "neutral" rating to an "overweight" rating and boosted their price target for the company from $43.00 to $70.00 in a report on Tuesday, March 5th. HSBC upped their price objective on SEA from $70.00 to $76.00 and gave the stock a "buy" rating in a research note on Tuesday, March 5th. Loop Capital raised SEA from a "hold" rating to a "buy" rating and upped their price objective for the stock from $59.00 to $92.00 in a research note on Wednesday. Sanford C. Bernstein upped their price objective on SEA from $60.00 to $70.00 and gave the stock an "outperform" rating in a research note on Thursday, March 14th. Finally, Citigroup raised SEA from a "neutral" rating to a "buy" rating and upped their price objective for the stock from $44.00 to $50.00 in a research note on Thursday, February 1st. Three investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $70.00.

SEA Company 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.