Financial Perspectives Inc Has $538,000 Stock Holdings in Sea Limited (NYSE:SE)

Financial Perspectives Inc lifted its holdings in Sea Limited (NYSE:SE) by 5.1% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 13,296 shares of the Internet company based in Singapore’s stock after buying an additional 645 shares during the quarter. Financial Perspectives Inc’s holdings in SEA were worth $538,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in SE. Baillie Gifford & Co. boosted its stake in SEA by 30.8% in the fourth quarter. Baillie Gifford & Co. now owns 34,183,394 shares of the Internet company based in Singapore’s stock valued at $1,384,427,000 after acquiring an additional 8,045,977 shares during the last quarter. Assenagon Asset Management S.A. boosted its position in shares of SEA by 12,344.0% in the 4th quarter. Assenagon Asset Management S.A. now owns 2,655,668 shares of the Internet company based in Singapore’s stock worth $107,555,000 after purchasing an additional 2,634,327 shares during the last quarter. Ribbit Bullfrog GP II Ltd. acquired a new stake in shares of SEA during the third quarter worth $33,630,000. Allspring Global Investments Holdings LLC increased its holdings in SEA by 20,743.2% in the third quarter. Allspring Global Investments Holdings LLC now owns 743,268 shares of the Internet company based in Singapore’s stock valued at $32,667,000 after purchasing an additional 739,702 shares during the last quarter. Finally, Kontiki Capital Management HK Ltd. lifted its stake in SEA by 19.2% in the third quarter. Kontiki Capital Management HK Ltd. now owns 3,796,957 shares of the Internet company based in Singapore’s stock valued at $166,876,000 after buying an additional 612,518 shares during the period. Institutional investors and hedge funds own 59.53% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on the company. Daiwa Capital Markets raised SEA from a “neutral” rating to a “buy” rating in a research report on Friday, February 2nd. JPMorgan Chase & Co. upgraded shares of SEA from a “neutral” rating to an “overweight” rating and boosted their target price for the stock from $43.00 to $70.00 in a report on Tuesday, March 5th. Barclays increased their price target on shares of SEA from $59.00 to $68.00 and gave the company an “overweight” rating in a research note on Tuesday, March 5th. Bank of America upgraded shares of SEA from a “neutral” rating to a “buy” rating and raised their target price for the company from $62.00 to $70.00 in a research note on Monday. Finally, Benchmark boosted their price target on SEA from $65.00 to $78.00 and gave the stock a “buy” rating in a research report on Tuesday, March 5th. Three equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $68.31.

SEA Stock Performance

Shares of SE stock traded up $2.60 on Tuesday, hitting $62.03. The company’s stock had a trading volume of 8,037,885 shares, compared to its average volume of 6,581,387. Sea Limited has a fifty-two week low of $34.35 and a fifty-two week high of $88.39. The company has a market capitalization of $35.03 billion, a PE ratio of 258.46 and a beta of 1.50. The stock’s 50 day moving average is $53.04 and its 200-day moving average is $44.65. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.43 and a current ratio of 1.44.

SEA (NYSE:SE) last announced its earnings results on Monday, March 4th. The Internet company based in Singapore reported ($0.19) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.06) by ($0.13). The business had revenue of $3.62 billion for the quarter, compared to analyst estimates of $3.57 billion. SEA had a return on equity of 2.54% and a net margin of 1.27%. The business’s revenue for the quarter was up 5.7% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.72 EPS. Equities research analysts expect that Sea Limited will post 1.01 earnings per share for the current fiscal year.

SEA Company 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 eSports operations.