SOA Wealth Advisors LLC. Acquires 150 Shares of Sea Limited (NYSE:SE)

SOA Wealth Advisors LLC. lifted its holdings in Sea Limited (NYSE:SE) by 33.3% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 600 shares of the Internet company based in Singapore’s stock after buying an additional 150 shares during the quarter. SOA Wealth Advisors LLC.’s holdings in SEA were worth $57,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. M&T Bank Corp boosted its position in SEA by 2,163.9% in the 3rd quarter. M&T Bank Corp now owns 74,505 shares of the Internet company based in Singapore’s stock valued at $7,024,000 after buying an additional 71,214 shares during the last quarter. TD Private Client Wealth LLC lifted its stake in shares of SEA by 33.7% during the third quarter. TD Private Client Wealth LLC now owns 603 shares of the Internet company based in Singapore’s stock valued at $57,000 after acquiring an additional 152 shares during the period. Toronto Dominion Bank boosted its holdings in SEA by 20.9% in the third quarter. Toronto Dominion Bank now owns 1,079,263 shares of the Internet company based in Singapore’s stock valued at $101,753,000 after acquiring an additional 186,294 shares during the last quarter. Coldstream Capital Management Inc. acquired a new stake in SEA in the third quarter worth about $535,000. Finally, Synergy Financial Group LTD bought a new stake in SEA during the 3rd quarter worth about $217,000. Institutional investors and hedge funds own 59.53% of the company’s stock.

SEA Stock Up 0.5 %

NYSE:SE opened at $117.27 on Friday. The firm has a market capitalization of $67.12 billion, a price-to-earnings ratio of 781.80 and a beta of 1.53. The company has a quick ratio of 1.60, a current ratio of 1.62 and a debt-to-equity ratio of 0.36. Sea Limited has a twelve month low of $34.35 and a twelve month high of $119.47. The stock’s 50 day moving average price is $104.41 and its two-hundred day moving average price is $85.46.

SEA (NYSE:SE) last announced its quarterly earnings results on Tuesday, November 12th. The Internet company based in Singapore reported $0.24 EPS for the quarter, missing analysts’ consensus estimates of $0.59 by ($0.35). SEA had a net margin of 0.64% and a return on equity of 1.40%. The firm had revenue of $4.33 billion during the quarter, compared to analyst estimates of $4.09 billion. During the same quarter in the prior year, the business earned ($0.26) EPS. The business’s revenue was up 30.8% compared to the same quarter last year. Equities research analysts expect that Sea Limited will post 0.81 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

SE has been the topic of several recent research reports. Barclays raised their target price on shares of SEA from $94.00 to $131.00 and gave the company an “overweight” rating in a research note on Thursday, November 14th. TD Cowen boosted their price objective on shares of SEA from $69.00 to $100.00 and gave the company a “hold” rating in a report on Wednesday, November 13th. Benchmark increased their price target on SEA from $94.00 to $130.00 and gave the stock a “buy” rating in a report on Wednesday, November 13th. Wedbush reiterated an “outperform” rating and issued a $105.00 price target (up previously from $84.00) on shares of SEA in a report on Monday, November 4th. Finally, Dbs Bank raised shares of SEA from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, November 13th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, SEA has an average rating of “Moderate Buy” and an average target price of $91.21.

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 promotes eSports operations.