Hartford Investment Management Co. acquired a new stake in Sea Limited (NYSE:SE – Free Report) during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 3,214 shares of the Internet company based in Singapore’s stock, valued at approximately $278,000.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Glassman Wealth Services grew its position in shares of SEA by 120.1% during the 1st quarter. Glassman Wealth Services now owns 306 shares of the Internet company based in Singapore’s stock worth $26,000 after buying an additional 167 shares during the period. RFP Financial Group LLC grew its holdings in SEA by 1,304.2% during the first quarter. RFP Financial Group LLC now owns 337 shares of the Internet company based in Singapore’s stock valued at $29,000 after purchasing an additional 313 shares during the period. Ronald Blue Trust Inc. increased its stake in SEA by 95.0% in the first quarter. Ronald Blue Trust Inc. now owns 708 shares of the Internet company based in Singapore’s stock valued at $37,000 after purchasing an additional 345 shares in the last quarter. Tradition Wealth Management LLC raised its holdings in SEA by 50.4% in the fourth quarter. Tradition Wealth Management LLC now owns 812 shares of the Internet company based in Singapore’s stock worth $42,000 after purchasing an additional 272 shares during the period. Finally, CWM LLC boosted its position in shares of SEA by 26.3% during the fourth quarter. CWM LLC now owns 1,053 shares of the Internet company based in Singapore’s stock worth $55,000 after purchasing an additional 219 shares in the last quarter. 73.73% of the stock is owned by institutional investors.
Wall Street Analyst Weigh In
Several analysts recently commented on the company. HSBC raised their price objective on SEA from $92.00 to $94.00 in a research note on Wednesday, May 17th. JPMorgan Chase & Co. lowered SEA from an “overweight” rating to a “neutral” rating and set a $45.00 price target on the stock. in a research report on Thursday. Bank of America decreased their price objective on SEA from $73.00 to $53.00 and set a “neutral” rating for the company in a research report on Wednesday. UBS Group upgraded shares of SEA from a “neutral” rating to a “buy” rating and raised their target price for the stock from $66.00 to $86.00 in a report on Monday, July 31st. Finally, Citigroup cut shares of SEA from a “buy” rating to a “neutral” rating and reduced their price target for the company from $98.00 to $50.00 in a report on Tuesday, August 15th. Eight equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, SEA presently has an average rating of “Moderate Buy” and an average target price of $77.06.
SEA Stock Down 2.1 %
SE stock opened at $38.68 on Friday. The company has a market cap of $21.84 billion, a price-to-earnings ratio of 99.18 and a beta of 1.68. Sea Limited has a twelve month low of $37.33 and a twelve month high of $88.84. The business has a 50 day moving average price of $58.59 and a two-hundred day moving average price of $68.08. The company has a quick ratio of 1.85, a current ratio of 1.75 and a debt-to-equity ratio of 0.51.
SEA (NYSE:SE – Get Free Report) last released its earnings results on Tuesday, August 15th. The Internet company based in Singapore reported $0.54 earnings per share for the quarter, missing the consensus estimate of $0.65 by ($0.11). The firm had revenue of $3.10 billion during the quarter, compared to the consensus estimate of $3.26 billion. SEA had a net margin of 2.17% and a return on equity of 4.69%. SEA’s quarterly revenue was up 5.2% compared to the same quarter last year. During the same period in the prior year, the business posted ($1.35) earnings per share. Analysts anticipate that Sea Limited will post 1.51 EPS for the current fiscal year.
About SEA
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.
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