Ritholtz Wealth Management Boosts Stock Position in Sea Limited (NYSE:SE)

Ritholtz Wealth Management boosted its holdings in shares of Sea Limited (NYSE:SE) by 2.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 6,458 shares of the Internet company based in Singapore’s stock after acquiring an additional 170 shares during the quarter. Ritholtz Wealth Management’s holdings in SEA were worth $685,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the business. Moseley Investment Management Inc. boosted its holdings in SEA by 4.3% during the 4th quarter. Moseley Investment Management Inc. now owns 3,870 shares of the Internet company based in Singapore’s stock valued at $411,000 after acquiring an additional 161 shares during the period. Park Avenue Securities LLC lifted its holdings in shares of SEA by 168.0% in the 4th quarter. Park Avenue Securities LLC now owns 20,153 shares of the Internet company based in Singapore’s stock worth $2,138,000 after buying an additional 12,634 shares during the period. Assenagon Asset Management S.A. purchased a new stake in shares of SEA in the 4th quarter worth $463,000. Claro Advisors LLC purchased a new stake in shares of SEA in the 4th quarter worth $264,000. Finally, Diversified Trust Co lifted its holdings in shares of SEA by 84.5% in the 4th quarter. Diversified Trust Co now owns 20,326 shares of the Internet company based in Singapore’s stock worth $2,157,000 after buying an additional 9,309 shares during the period. Hedge funds and other institutional investors own 59.53% of the company’s stock.

SEA Trading Up 3.1 %

Shares of NYSE:SE opened at $115.13 on Tuesday. The business’s 50-day moving average is $111.40 and its 200 day moving average is $92.80. Sea Limited has a 1 year low of $34.64 and a 1 year high of $119.47. The firm has a market capitalization of $65.89 billion, a P/E ratio of 767.53 and a beta of 1.54. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.62 and a quick ratio of 1.60.

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

Analysts Set New Price Targets

Several equities research analysts have weighed in on the company. Dbs Bank upgraded SEA from a “hold” rating to a “strong-buy” rating in a report on Wednesday, November 13th. Phillip Securities reiterated a “reduce” rating and issued a $100.00 target price (up from $80.00) on shares of SEA in a report on Tuesday, November 19th. Wedbush reiterated an “outperform” rating and issued a $105.00 target price (up from $84.00) on shares of SEA in a report on Monday, November 4th. Barclays upped their target price on SEA from $94.00 to $131.00 and gave the stock an “overweight” rating in a report on Thursday, November 14th. Finally, Benchmark boosted their price target on SEA from $94.00 to $130.00 and gave the stock a “buy” rating in a research report on Wednesday, November 13th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, SEA has a consensus rating of “Moderate Buy” and an average target price of $91.21.

SEA 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.