Goldstein Advisors LLC Purchases Shares of 1,921 Sea Limited Sponsored ADR (NYSE:SE)

Goldstein Advisors LLC acquired a new position in shares of Sea Limited Sponsored ADR (NYSE:SE) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 1,921 shares of the Internet company based in Singapore’s stock, valued at approximately $251,000.

Other institutional investors have also made changes to their positions in the company. Sanctuary Advisors LLC lifted its stake in SEA by 2.8% during the fourth quarter. Sanctuary Advisors LLC now owns 6,387 shares of the Internet company based in Singapore’s stock worth $678,000 after purchasing an additional 173 shares during the period. Atria Wealth Solutions Inc. lifted its position in shares of SEA by 59.2% during the 4th quarter. Atria Wealth Solutions Inc. now owns 4,013 shares of the Internet company based in Singapore’s stock worth $426,000 after buying an additional 1,493 shares during the period. Global Retirement Partners LLC boosted its stake in SEA by 342.7% in the 4th quarter. Global Retirement Partners LLC now owns 1,492 shares of the Internet company based in Singapore’s stock valued at $158,000 after buying an additional 1,155 shares in the last quarter. First Horizon Advisors Inc. grew its position in SEA by 49.0% in the fourth quarter. First Horizon Advisors Inc. now owns 1,043 shares of the Internet company based in Singapore’s stock valued at $111,000 after acquiring an additional 343 shares during the period. Finally, Bank of New York Mellon Corp grew its position in SEA by 9.5% in the fourth quarter. Bank of New York Mellon Corp now owns 627,947 shares of the Internet company based in Singapore’s stock valued at $66,625,000 after acquiring an additional 54,469 shares during the period. 59.53% of the stock is currently owned by institutional investors and hedge funds.

SEA Trading Down 1.5%

SE opened at $155.92 on Thursday. Sea Limited Sponsored ADR has a twelve month low of $55.00 and a twelve month high of $172.65. The firm has a market cap of $91.85 billion, a PE ratio of 109.80 and a beta of 1.64. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.49 and a current ratio of 1.51. The firm’s fifty day moving average is $150.45 and its two-hundred day moving average is $130.86.

SEA (NYSE:SE) last announced its quarterly earnings data on Tuesday, May 13th. The Internet company based in Singapore reported $0.65 EPS for the quarter, missing analysts’ consensus estimates of $0.93 by ($0.28). The firm had revenue of $4.84 billion during the quarter, compared to the consensus estimate of $4.90 billion. SEA had a net margin of 4.87% and a return on equity of 10.74%. The business’s revenue was up 29.6% on a year-over-year basis. During the same period last year, the business earned ($0.04) EPS. Equities research analysts anticipate that Sea Limited Sponsored ADR will post 0.74 EPS for the current year.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on SE. Phillip Securities upgraded shares of SEA from a “moderate sell” rating to a “hold” rating in a research note on Friday, March 7th. Wall Street Zen lowered SEA from a “buy” rating to a “hold” rating in a research report on Sunday. Loop Capital reiterated a “buy” rating and issued a $190.00 price objective (up previously from $165.00) on shares of SEA in a research report on Thursday, May 29th. JPMorgan Chase & Co. upgraded SEA from a “neutral” rating to an “overweight” rating and increased their target price for the stock from $135.00 to $190.00 in a report on Tuesday, May 13th. Finally, Wedbush reaffirmed an “outperform” rating on shares of SEA in a report on Wednesday, May 14th. Four equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $147.15.

About SEA

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.