Prospera Financial Services Inc Sells 266 Shares of Sea Limited (NYSE:SE)

Prospera Financial Services Inc cut its stake in shares of Sea Limited (NYSE:SE) by 4.2% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,012 shares of the Internet company based in Singapore’s stock after selling 266 shares during the period. Prospera Financial Services Inc’s holdings in SEA were worth $567,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of SE. Baillie Gifford & Co. raised its stake in shares of SEA by 15.5% during the 3rd quarter. Baillie Gifford & Co. now owns 39,564,018 shares of the Internet company based in Singapore’s stock worth $3,730,096,000 after purchasing an additional 5,295,590 shares during the period. WCM Investment Management LLC raised its stake in shares of SEA by 35.9% during the 3rd quarter. WCM Investment Management LLC now owns 20,902,378 shares of the Internet company based in Singapore’s stock worth $1,971,303,000 after purchasing an additional 5,517,559 shares during the period. Kaizen Investment Management Pte. Ltd. bought a new stake in shares of SEA during the 3rd quarter worth $587,544,000. Kora Management LP raised its stake in shares of SEA by 9.4% during the 1st quarter. Kora Management LP now owns 4,637,500 shares of the Internet company based in Singapore’s stock worth $249,080,000 after purchasing an additional 400,000 shares during the period. Finally, Eminence Capital LP raised its stake in SEA by 45.2% in the 2nd quarter. Eminence Capital LP now owns 4,522,441 shares of the Internet company based in Singapore’s stock valued at $322,993,000 after acquiring an additional 1,408,314 shares during the period. 59.53% of the stock is currently owned by institutional investors.

SEA Stock Down 2.8 %

Shares of NYSE SE opened at $113.04 on Friday. Sea Limited has a 12 month low of $34.35 and a 12 month high of $117.85. The company has a current ratio of 1.62, a quick ratio of 1.60 and a debt-to-equity ratio of 0.36. The firm has a market capitalization of $64.70 billion, a price-to-earnings ratio of 753.60 and a beta of 1.52. The business has a 50-day moving average of $97.40 and a 200-day moving average of $81.00.

SEA (NYSE:SE) last issued its quarterly earnings data on Tuesday, November 12th. The Internet company based in Singapore reported $0.24 EPS for the quarter, missing the consensus estimate of $0.59 by ($0.35). SEA had a return on equity of 1.40% and a net margin of 0.64%. The business had revenue of $4.33 billion for the quarter, compared to analysts’ expectations of $4.09 billion. During the same period in the previous year, the firm posted ($0.26) EPS. The firm’s revenue for the quarter was up 30.8% compared to the same quarter last year. Sell-side analysts expect that Sea Limited will post 0.81 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

SE has been the topic of a number of research reports. Dbs Bank upgraded SEA from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, November 13th. Benchmark boosted their price objective on SEA from $94.00 to $130.00 and gave the company a “buy” rating in a research note on Wednesday, November 13th. Bank of America boosted their price objective on SEA from $84.00 to $96.00 and gave the company a “buy” rating in a research note on Monday, September 23rd. Barclays boosted their price objective on SEA from $94.00 to $131.00 and gave the company an “overweight” rating in a research note on Thursday, November 14th. Finally, JPMorgan Chase & Co. upgraded SEA from a “neutral” rating to an “overweight” rating and boosted their price objective for the company from $66.00 to $90.00 in a research note on Wednesday, August 14th. One analyst has rated the stock with a sell rating, two have assigned a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, SEA presently has an average rating of “Moderate Buy” and a consensus price target of $91.21.

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.