Sea Limited (NYSE:SE) Shares Sold by C WorldWide Group Holding A S

C WorldWide Group Holding A S cut its stake in Sea Limited (NYSE:SE) by 5.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 319,561 shares of the Internet company based in Singapore’s stock after selling 17,986 shares during the quarter. C WorldWide Group Holding A S’s holdings in SEA were worth $12,942,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Sunbelt Securities Inc. lifted its holdings in SEA by 91.4% in the third 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 period. UMB Bank n.a. lifted its holdings in SEA by 70.9% in the fourth 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 period. Blue Trust Inc. increased its position in shares of SEA by 152.4% in the fourth quarter. Blue Trust Inc. now owns 843 shares of the Internet company based in Singapore’s stock valued at $36,000 after buying an additional 509 shares in the last quarter. EverSource Wealth Advisors LLC increased its position in shares of SEA by 90.7% in the third quarter. EverSource Wealth Advisors LLC now owns 1,020 shares of the Internet company based in Singapore’s stock valued at $45,000 after buying an additional 485 shares in the last quarter. Finally, IFP Advisors Inc increased its position 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 valued at $96,000 after buying an additional 654 shares in the last quarter. 59.53% of the stock is owned by institutional investors and hedge funds.

SEA Trading Up 0.0 %

NYSE:SE traded up $0.03 during trading hours on Friday, hitting $62.86. The company had a trading volume of 4,641,521 shares, compared to its average volume of 5,510,980. The company has a current ratio of 1.44, a quick ratio of 1.43 and a debt-to-equity ratio of 0.46. The company has a 50-day moving average of $54.59 and a 200 day moving average of $45.19. The company has a market cap of $35.50 billion, a P/E ratio of 261.92 and a beta of 1.50. Sea Limited has a 1 year low of $34.35 and a 1 year high of $88.39.

SEA (NYSE:SE) last issued its earnings results on Monday, March 4th. The Internet company based in Singapore reported ($0.19) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.06) by ($0.13). The company had revenue of $3.62 billion during the quarter, compared to analysts’ expectations of $3.57 billion. SEA had a net margin of 1.27% and a return on equity of 2.54%. The firm’s quarterly revenue was up 5.7% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.72 earnings per share. Sell-side analysts expect that Sea Limited will post 0.72 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on SE. Loop Capital upgraded SEA from a “hold” rating to a “buy” rating and boosted their price objective for the company from $59.00 to $92.00 in a research report on Wednesday. Benchmark boosted their price objective on SEA from $65.00 to $78.00 and gave the company a “buy” rating in a research report on Tuesday, March 5th. Barclays boosted their price objective on SEA from $59.00 to $68.00 and gave the company an “overweight” rating in a research report on Tuesday, March 5th. Citigroup upgraded SEA from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $44.00 to $50.00 in a research report on Thursday, February 1st. Finally, HSBC boosted their price objective on SEA from $70.00 to $76.00 and gave the company a “buy” rating in a research report on Tuesday, March 5th. Three equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to data from MarketBeat, SEA currently has a consensus rating of “Moderate Buy” and an average price target of $70.00.

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.