Advisor Group Holdings Inc. purchased a new stake in shares of Sea Ltd (NYSE:SE) during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 50,355 shares of the Internet company based in Singapore’s stock, valued at approximately $2,235,000.
A number of other hedge funds and other institutional investors have also modified their holdings of SE. Synovus Financial Corp bought a new position in SEA during the first quarter valued at approximately $27,000. First Manhattan Co. purchased a new stake in shares of SEA during the first quarter valued at approximately $35,000. NEXT Financial Group Inc purchased a new stake in shares of SEA during the first quarter valued at approximately $45,000. Harbor Investment Advisory LLC purchased a new stake in shares of SEA during the first quarter valued at approximately $46,000. Finally, Steward Partners Investment Advisory LLC purchased a new stake in shares of SEA during the first quarter valued at approximately $50,000. Institutional investors and hedge funds own 68.88% of the company’s stock.
SE has been the subject of a number of research analyst reports. Stephens initiated coverage on SEA in a research note on Tuesday. They issued a “buy” rating for the company. Piper Sandler raised their price target on SEA from $62.00 to $73.00 and gave the company an “overweight” rating in a report on Tuesday, May 19th. Cowen raised their price target on SEA from $67.00 to $77.00 and gave the company an “outperform” rating in a report on Tuesday, May 19th. Zacks Investment Research downgraded SEA from a “hold” rating to a “sell” rating in a report on Tuesday. Finally, ValuEngine upgraded SEA from a “hold” rating to a “buy” rating in a report on Thursday, April 2nd. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $58.33.
NYSE SE opened at $107.24 on Wednesday. Sea Ltd has a one year low of $26.41 and a one year high of $116.00. The stock has a 50-day moving average of $87.02 and a 200 day moving average of $56.02. The company has a market capitalization of $35.57 billion, a price-to-earnings ratio of -50.58 and a beta of 1.35. The company has a debt-to-equity ratio of 1.42, a quick ratio of 1.65 and a current ratio of 1.67.
SEA (NYSE:SE) last released its quarterly earnings data on Monday, May 18th. The Internet company based in Singapore reported ($0.52) EPS for the quarter, missing the consensus estimate of ($0.38) by ($0.14). SEA had a negative return on equity of 83.74% and a negative net margin of 41.46%. The business had revenue of $913.90 million during the quarter, compared to the consensus estimate of $890.94 million. During the same quarter in the previous year, the business posted ($0.64) earnings per share. SEA’s quarterly revenue was up 57.9% compared to the same quarter last year. On average, equities analysts predict that Sea Ltd will post -2.68 earnings per share for the current fiscal year.
SEA Company Profile
Sea Limited engages in the digital entertainment, e-commerce, and digital financial service businesses in Taiwan, Thailand, Vietnam, Indonesia, and internationally. It provides Garena digital entertainment platform for users to access mobile and PC online games, and eSports operations; and access to other entertainment content, such as live streaming of online gameplay and social features.
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