Swedbank AB Grows Stake in Sea Limited (NYSE:SE)

Swedbank AB boosted its stake in Sea Limited (NYSE:SE) by 82.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 262,084 shares of the Internet company based in Singapore’s stock after acquiring an additional 118,740 shares during the quarter. Swedbank AB’s holdings in SEA were worth $27,807,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Rosenberg Matthew Hamilton increased its stake in SEA by 213.7% during the 3rd quarter. Rosenberg Matthew Hamilton now owns 298 shares of the Internet company based in Singapore’s stock worth $28,000 after buying an additional 203 shares during the period. Truvestments Capital LLC purchased a new stake in shares of SEA during the third quarter worth about $41,000. Icon Wealth Advisors LLC acquired a new position in shares of SEA in the third quarter worth about $47,000. Geneos Wealth Management Inc. boosted its holdings in SEA by 4,663.6% in the fourth quarter. Geneos Wealth Management Inc. now owns 524 shares of the Internet company based in Singapore’s stock valued at $56,000 after purchasing an additional 513 shares during the last quarter. Finally, SOA Wealth Advisors LLC. increased its holdings in SEA by 33.3% during the 3rd quarter. SOA Wealth Advisors LLC. now owns 600 shares of the Internet company based in Singapore’s stock worth $57,000 after purchasing an additional 150 shares during the last quarter. Hedge funds and other institutional investors own 59.53% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on SE shares. Dbs Bank raised shares of SEA from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, November 13th. Phillip Securities restated a “reduce” rating and issued a $100.00 target price (up previously from $80.00) on shares of SEA in a research note on Tuesday, November 19th. Barclays lifted their price target on SEA from $94.00 to $131.00 and gave the stock an “overweight” rating in a research note on Thursday, November 14th. TD Cowen upped their price objective on SEA from $69.00 to $100.00 and gave the company a “hold” rating in a research note on Wednesday, November 13th. Finally, Wedbush reiterated an “outperform” rating and issued a $105.00 target price (up previously from $84.00) on shares of SEA in a research report on Monday, November 4th. One research analyst has rated the stock with a sell rating, two have issued a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, SEA currently has an average rating of “Moderate Buy” and an average price target of $91.21.

SEA Stock Performance

SE opened at $123.45 on Friday. Sea Limited has a twelve month low of $38.10 and a twelve month high of $125.69. The stock has a market cap of $70.66 billion, a PE ratio of 823.03 and a beta of 1.54. The business’s 50 day moving average is $112.98 and its 200-day moving average is $95.05. The company has a current ratio of 1.62, a quick ratio of 1.60 and a debt-to-equity ratio of 0.36.

SEA (NYSE:SE) last released 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). SEA had a return on equity of 1.40% and a net margin of 0.64%. The business 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) EPS. The company’s revenue for the quarter was up 30.8% compared to the same quarter last year. On average, analysts predict that Sea Limited will post 0.76 earnings per share for the current year.

SEA Company Profile

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.