Nordea Investment Management AB boosted its holdings in Sea Limited (NYSE:SE – Get Rating) by 1.1% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 108,754 shares of the Internet company based in Singapore’s stock after purchasing an additional 1,160 shares during the quarter. Nordea Investment Management AB’s holdings in SEA were worth $5,717,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Laffer Tengler Investments purchased a new stake in shares of SEA during the 1st quarter worth approximately $66,000. Pinnacle Holdings LLC purchased a new stake in shares of SEA during the 1st quarter worth approximately $68,000. Wipfli Financial Advisors LLC purchased a new stake in shares of SEA during the 3rd quarter worth approximately $32,000. Whittier Trust Co. of Nevada Inc. raised its holdings in shares of SEA by 107.1% during the 4th quarter. Whittier Trust Co. of Nevada Inc. now owns 580 shares of the Internet company based in Singapore’s stock worth $30,000 after acquiring an additional 300 shares in the last quarter. Finally, Tradition Wealth Management LLC raised its holdings in shares of SEA by 50.4% during the 4th quarter. Tradition Wealth Management LLC now owns 812 shares of the Internet company based in Singapore’s stock worth $42,000 after acquiring an additional 272 shares in the last quarter. 74.92% of the stock is currently owned by institutional investors.
Wall Street Analysts Forecast Growth
Several analysts have recently issued reports on the company. Loop Capital upped their price objective on SEA from $62.00 to $88.00 and gave the stock a “hold” rating in a report on Thursday, April 13th. Jefferies Financial Group increased their price target on SEA from $104.00 to $115.00 and gave the company a “buy” rating in a report on Tuesday, March 7th. Benchmark assumed coverage on SEA in a report on Thursday, April 20th. They set a “buy” rating and a $105.00 price target on the stock. The Goldman Sachs Group upgraded SEA from a “buy” rating to a “conviction-buy” rating in a research note on Thursday, February 16th. Finally, Sanford C. Bernstein increased their target price on SEA from $80.00 to $100.00 and gave the stock an “outperform” rating in a research note on Wednesday, March 22nd. Seven analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $96.39.
SEA Price Performance
SEA (NYSE:SE – Get Rating) last issued its quarterly earnings data on Tuesday, March 7th. The Internet company based in Singapore reported $0.72 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.75) by $1.47. SEA had a negative return on equity of 26.25% and a negative net margin of 13.28%. The company had revenue of $3.45 billion for the quarter, compared to the consensus estimate of $3.05 billion. During the same quarter last year, the company earned ($1.12) earnings per share. The firm’s revenue for the quarter was up 7.1% compared to the same quarter last year. On average, equities research analysts anticipate that Sea Limited will post 2.22 earnings per share for the current fiscal year.
SEA Company Profile
Sea Ltd. is an internet and mobile platform company, which engages in the provision of online gaming services. It operates through the following segments: Digital Entertainment, E-Commerce, and Digital Financial Services. The Digital Entertainment segment offers and develops mobile and PC online games.
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