Crossmark Global Holdings Inc. Purchases Shares of 15,785 Sea Limited (NYSE:SE)

Crossmark Global Holdings Inc. acquired a new position in shares of Sea Limited (NYSE:SE) in the third quarter, Holdings Channel reports. The institutional investor acquired 15,785 shares of the Internet company based in Singapore’s stock, valued at approximately $1,488,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Rosenberg Matthew Hamilton lifted its holdings in SEA by 213.7% in the third quarter. Rosenberg Matthew Hamilton now owns 298 shares of the Internet company based in Singapore’s stock valued at $28,000 after buying an additional 203 shares during the period. SOA Wealth Advisors LLC. acquired a new position in shares of SEA in the 2nd quarter valued at about $32,000. Hexagon Capital Partners LLC boosted its position in shares of SEA by 63.1% during the 2nd quarter. Hexagon Capital Partners LLC now owns 654 shares of the Internet company based in Singapore’s stock valued at $47,000 after purchasing an additional 253 shares in the last quarter. Canton Hathaway LLC increased its holdings in SEA by 20.0% in the second quarter. Canton Hathaway LLC now owns 1,200 shares of the Internet company based in Singapore’s stock worth $86,000 after purchasing an additional 200 shares in the last quarter. Finally, Advisors Asset Management Inc. lifted its stake in SEA by 34.5% in the first quarter. Advisors Asset Management Inc. now owns 1,825 shares of the Internet company based in Singapore’s stock valued at $98,000 after buying an additional 468 shares during the period. 59.53% of the stock is owned by institutional investors and hedge funds.

SEA Stock Performance

NYSE SE opened at $104.88 on Thursday. The company has a fifty day moving average price of $92.92 and a 200-day moving average price of $78.88. The firm has a market cap of $60.03 billion, a price-to-earnings ratio of 699.20 and a beta of 1.52. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.49 and a quick ratio of 1.48. Sea Limited has a 1 year low of $34.35 and a 1 year high of $117.52.

SEA (NYSE:SE) last issued its quarterly earnings data on Tuesday, November 12th. The Internet company based in Singapore reported $0.24 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.59 by ($0.35). SEA had a return on equity of 1.47% and a net margin of 0.64%. The firm had revenue of $4.33 billion during the quarter, compared to the consensus estimate of $4.09 billion. During the same period in the previous year, the company posted ($0.26) earnings per share. The company’s revenue for the quarter was up 30.8% on a year-over-year basis. As a group, equities research analysts predict that Sea Limited will post 0.77 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on SE shares. Benchmark lifted their price objective on shares of SEA from $94.00 to $130.00 and gave the company a “buy” rating in a research note on Wednesday. JPMorgan Chase & Co. upgraded shares of SEA from a “neutral” rating to an “overweight” rating and upped their price objective for the company from $66.00 to $90.00 in a report on Wednesday, August 14th. Barclays raised their target price on SEA from $87.00 to $94.00 and gave the company an “overweight” rating in a research note on Thursday, August 15th. Bank of America upped their price target on SEA from $84.00 to $96.00 and gave the stock a “buy” rating in a research note on Monday, September 23rd. Finally, Wedbush reiterated an “outperform” rating and issued a $105.00 price target (up previously from $84.00) on shares of SEA in a report on Monday, November 4th. Three analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $87.69.

SEA Company 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 promotes eSports operations.