Sea Limited (NYSE:SE) Shares Purchased by Livforsakringsbolaget Skandia Omsesidigt

Livforsakringsbolaget Skandia Omsesidigt raised its stake in shares of Sea Limited (NYSE:SE) by 6.9% in the 4th quarter, HoldingsChannel.com reports. The firm owned 94,700 shares of the Internet company based in Singapore’s stock after purchasing an additional 6,100 shares during the quarter. Livforsakringsbolaget Skandia Omsesidigt’s holdings in SEA were worth $3,835,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Sunbelt Securities Inc. boosted its stake in SEA by 91.4% during the 3rd quarter. Sunbelt Securities Inc. now owns 670 shares of the Internet company based in Singapore’s stock valued at $29,000 after acquiring an additional 320 shares during the last quarter. UMB Bank n.a. boosted its stake in 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 last quarter. Tyler Stone Wealth Management bought a new position in SEA during the 2nd quarter valued at $33,000. Blue Trust Inc. boosted its stake in SEA by 152.4% during the 4th quarter. Blue Trust Inc. now owns 843 shares of the Internet company based in Singapore’s stock valued at $36,000 after acquiring an additional 509 shares during the last quarter. Finally, First Horizon Advisors Inc. boosted its stake in SEA by 135.7% during the 1st quarter. First Horizon Advisors Inc. now owns 495 shares of the Internet company based in Singapore’s stock valued at $43,000 after acquiring an additional 285 shares during the last quarter. Institutional investors and hedge funds own 59.53% of the company’s stock.

Analyst Ratings Changes

SE has been the topic of a number of research analyst reports. Bank of America increased their price objective on shares of SEA from $46.00 to $55.00 and gave the company a “neutral” rating in a research note on Tuesday, March 5th. HSBC increased their target price on shares of SEA from $70.00 to $76.00 and gave the stock a “buy” rating in a report on Tuesday, March 5th. Sanford C. Bernstein increased their target price on shares of SEA from $60.00 to $70.00 and gave the stock an “outperform” rating in a report on Thursday, March 14th. Citigroup raised shares of SEA from a “neutral” rating to a “buy” rating and increased their target price for the stock from $44.00 to $50.00 in a report on Thursday, February 1st. Finally, Morgan Stanley increased their target price on shares of SEA from $47.00 to $65.00 and gave the stock an “equal weight” rating in a report on Wednesday, March 6th. Five research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $66.77.

SEA Stock Performance

Shares of SE stock traded down $0.73 during trading hours on Wednesday, reaching $55.65. The stock had a trading volume of 5,377,272 shares, compared to its average volume of 6,553,382. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.44 and a quick ratio of 1.43. Sea Limited has a twelve month low of $34.35 and a twelve month high of $88.39. The firm has a 50-day simple moving average of $51.99 and a 200-day simple moving average of $44.26. The firm has a market capitalization of $31.43 billion, a PE ratio of 233.21 and a beta of 1.50.

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

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.