First Horizon Advisors Inc. Acquires 499 Shares of Sea Limited (NYSE:SE)

First Horizon Advisors Inc. lifted its holdings in Sea Limited (NYSE:SE) by 248.3% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 700 shares of the Internet company based in Singapore’s stock after purchasing an additional 499 shares during the period. First Horizon Advisors Inc.’s holdings in SEA were worth $66,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. PNC Financial Services Group Inc. boosted its holdings in shares of SEA by 322.8% during the 3rd quarter. PNC Financial Services Group Inc. now owns 37,327 shares of the Internet company based in Singapore’s stock worth $3,519,000 after buying an additional 28,499 shares during the period. B. Metzler seel. Sohn & Co. Holding AG acquired a new position in SEA during the 3rd quarter worth $707,000. Banque Cantonale Vaudoise boosted its holdings in SEA by 15.0% during the third quarter. Banque Cantonale Vaudoise now owns 31,032 shares of the Internet company based in Singapore’s stock valued at $2,926,000 after acquiring an additional 4,037 shares during the period. Caprock Group LLC acquired a new stake in shares of SEA in the third quarter valued at about $267,000. Finally, LMR Partners LLP bought a new position in shares of SEA in the third quarter worth about $312,000. 59.53% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

SE has been the topic of a number of research analyst reports. Benchmark raised their target price on SEA from $94.00 to $130.00 and gave the company a “buy” rating in a report on Wednesday, November 13th. Dbs Bank raised shares of SEA from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, November 13th. Barclays upped their target price on shares of SEA from $94.00 to $131.00 and gave the company an “overweight” rating in a research note on Thursday, November 14th. TD Cowen raised their price target on shares of SEA from $69.00 to $100.00 and gave the stock a “hold” rating in a research report on Wednesday, November 13th. Finally, Bank of America upped their price objective on shares of SEA from $84.00 to $96.00 and gave the company a “buy” rating in a research report on Monday, September 23rd. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $91.21.

SEA Stock Down 2.8 %

Shares of NYSE SE opened at $113.04 on Monday. Sea Limited has a 52-week low of $34.35 and a 52-week high of $117.85. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.60 and a current ratio of 1.62. The business has a fifty day moving average of $97.40 and a two-hundred day moving average of $81.22. The stock has a market cap of $64.70 billion, a PE ratio of 753.60 and a beta of 1.52.

SEA (NYSE:SE) last announced its quarterly 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). The firm had revenue of $4.33 billion for the quarter, compared to the consensus estimate of $4.09 billion. SEA had a net margin of 0.64% and a return on equity of 1.40%. The company’s revenue for the quarter was up 30.8% on a year-over-year basis. During the same period in the prior year, the business earned ($0.26) earnings per share. As a group, equities research analysts expect that Sea Limited will post 0.81 earnings per share for the current fiscal year.

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 promotes eSports operations.