Sea Limited (NYSE:SE) Shares Sold by Creative Planning

Creative Planning trimmed its stake in shares of Sea Limited (NYSE:SE) by 71.0% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 33,366 shares of the Internet company based in Singapore’s stock after selling 81,575 shares during the period. Creative Planning’s holdings in SEA were worth $3,146,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. SOA Wealth Advisors LLC. purchased a new position in SEA during the second quarter worth approximately $32,000. Hexagon Capital Partners LLC boosted its position in SEA by 63.1% during the second quarter. Hexagon Capital Partners LLC now owns 654 shares of the Internet company based in Singapore’s stock worth $47,000 after purchasing an additional 253 shares in the last quarter. Canton Hathaway LLC boosted its position in SEA by 20.0% during 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. Advisors Asset Management Inc. boosted its position in SEA by 34.5% during the first quarter. Advisors Asset Management Inc. now owns 1,825 shares of the Internet company based in Singapore’s stock worth $98,000 after purchasing an additional 468 shares in the last quarter. Finally, Point72 DIFC Ltd purchased a new position in SEA during the second quarter worth approximately $100,000. 59.53% of the stock is owned by institutional investors and hedge funds.

SEA Price Performance

SE stock opened at $99.15 on Friday. The business has a fifty day moving average of $88.56 and a two-hundred day moving average of $75.29. The company has a quick ratio of 1.48, a current ratio of 1.49 and a debt-to-equity ratio of 0.41. The stock has a market cap of $56.75 billion, a price-to-earnings ratio of 1,983.00 and a beta of 1.52. Sea Limited has a 52-week low of $34.35 and a 52-week high of $101.93.

SEA (NYSE:SE) last posted its earnings results on Tuesday, August 13th. The Internet company based in Singapore reported $0.14 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.59 by ($0.45). The business had revenue of $3.81 billion for the quarter, compared to analyst estimates of $3.73 billion. SEA had a negative return on equity of 2.92% and a negative net margin of 1.36%. SEA’s revenue was up 23.0% compared to the same quarter last year. During the same period last year, the business earned $0.54 EPS. As a group, research analysts anticipate that Sea Limited will post 0.64 earnings per share for the current year.

Analyst Ratings Changes

Several equities analysts have recently weighed in on SE shares. Wedbush restated an “outperform” rating and issued a $84.00 target price (up previously from $76.00) on shares of SEA in a research report on Tuesday, August 13th. Citigroup decreased their target price on SEA from $81.00 to $80.00 and set a “buy” rating on the stock in a research report on Tuesday, July 23rd. Bank of America lifted their price objective on SEA from $84.00 to $96.00 and gave the stock a “buy” rating in a research report on Monday, September 23rd. JPMorgan Chase & Co. upgraded SEA from a “neutral” rating to an “overweight” rating and lifted their price objective for the stock from $66.00 to $90.00 in a research report on Wednesday, August 14th. Finally, Barclays lifted their price objective on SEA from $87.00 to $94.00 and gave the stock an “overweight” rating in a research report on Thursday, August 15th. Three investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $80.92.

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.