SG Americas Securities LLC raised its holdings in Sea Ltd (NYSE:SE) by 11.2% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 65,120 shares of the Internet company based in Singapore’s stock after purchasing an additional 6,555 shares during the quarter. SG Americas Securities LLC’s holdings in SEA were worth $2,015,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors have also bought and sold shares of SE. FinTrust Capital Advisors LLC acquired a new position in shares of SEA during the third quarter worth about $31,000. Pacer Advisors Inc. acquired a new position in shares of SEA during the third quarter worth about $33,000. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. acquired a new position in shares of SEA during the second quarter worth about $44,000. Glen Harbor Capital Management LLC acquired a new position in shares of SEA during the second quarter worth about $68,000. Finally, Tyers Asset Management LLC acquired a new position in shares of SEA during the second quarter worth about $94,000. Institutional investors own 65.13% of the company’s stock.
A number of brokerages have recently issued reports on SE. Zacks Investment Research downgraded shares of SEA from a “buy” rating to a “hold” rating in a report on Saturday, October 26th. Piper Jaffray Companies boosted their price objective on shares of SEA from $49.00 to $54.00 and gave the stock an “overweight” rating in a report on Tuesday. Credit Suisse Group set a $44.00 price objective on shares of SEA and gave the stock a “buy” rating in a report on Wednesday, August 21st. Goldman Sachs Group raised shares of SEA from a “neutral” rating to a “buy” rating in a report on Tuesday, August 13th. Finally, Citigroup set a $38.00 price objective on shares of SEA and gave the stock a “buy” rating in a report on Wednesday, August 21st. Two research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $40.50.
SEA (NYSE:SE) last released its quarterly earnings data on Tuesday, November 12th. The Internet company based in Singapore reported ($0.41) EPS for the quarter, topping analysts’ consensus estimates of ($0.64) by $0.23. The firm had revenue of $763.30 million for the quarter, compared to the consensus estimate of $700.71 million. SEA had a negative net margin of 86.49% and a negative return on equity of 104.70%. The firm’s revenue was up 214.4% on a year-over-year basis. During the same quarter in the previous year, the firm earned ($2.03) earnings per share. On average, equities research analysts expect that Sea Ltd will post -3.38 earnings per share for the current year.
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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