SlateStone Wealth LLC Raises Holdings in Sea Limited (NYSE:SE)

SlateStone Wealth LLC lifted its position in Sea Limited (NYSE:SE) by 6.8% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 14,778 shares of the Internet company based in Singapore’s stock after buying an additional 937 shares during the period. SlateStone Wealth LLC’s holdings in SEA were worth $599,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently bought and sold shares of SE. Sunbelt Securities Inc. raised its holdings in SEA by 91.4% during the third quarter. Sunbelt Securities Inc. now owns 670 shares of the Internet company based in Singapore’s stock valued at $29,000 after acquiring an additional 320 shares during the period. UMB Bank n.a. grew its position in SEA by 70.9% in the fourth quarter. UMB Bank n.a. now owns 788 shares of the Internet company based in Singapore’s stock worth $32,000 after acquiring an additional 327 shares in the last quarter. Blue Trust Inc. grew its position in SEA by 152.4% in the fourth quarter. Blue Trust Inc. now owns 843 shares of the Internet company based in Singapore’s stock worth $36,000 after acquiring an additional 509 shares in the last quarter. EverSource Wealth Advisors LLC grew its position in SEA by 90.7% in the third quarter. EverSource Wealth Advisors LLC now owns 1,020 shares of the Internet company based in Singapore’s stock worth $45,000 after acquiring an additional 485 shares in the last quarter. Finally, IFP Advisors Inc grew its position in SEA by 42.7% in the third quarter. IFP Advisors Inc now owns 2,185 shares of the Internet company based in Singapore’s stock worth $96,000 after acquiring an additional 654 shares in the last quarter. 59.53% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts have issued reports on the company. Bank of America upgraded SEA from a “neutral” rating to a “buy” rating and boosted their target price for the company from $62.00 to $70.00 in a research report on Monday. Barclays upped their price target on SEA from $59.00 to $68.00 and gave the stock an “overweight” rating in a research report on Tuesday, March 5th. Citigroup raised SEA from a “neutral” rating to a “buy” rating and upped their price target for the stock from $44.00 to $50.00 in a research report on Thursday, February 1st. Sanford C. Bernstein boosted their price objective on shares of SEA from $60.00 to $70.00 and gave the company an “outperform” rating in a report on Thursday, March 14th. Finally, Morgan Stanley raised shares of SEA from an “equal weight” rating to an “overweight” rating and boosted their price objective for the company from $65.00 to $70.00 in a report on Monday. Three research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to MarketBeat, SEA presently has an average rating of “Moderate Buy” and a consensus target price of $68.31.

SEA Stock Performance

Shares of SEA stock traded up $2.82 during trading hours on Tuesday, reaching $62.25. The company’s stock had a trading volume of 5,376,810 shares, compared to its average volume of 6,555,887. The company’s 50 day simple moving average is $53.04 and its 200 day simple 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 Limited has a one year low of $34.35 and a one year high of $88.39. The stock has a market cap of $35.16 billion, a P/E ratio of 247.58 and a beta of 1.50.

SEA (NYSE:SE) last issued its quarterly earnings data on Monday, March 4th. The Internet company based in Singapore reported ($0.19) earnings per share for the quarter, missing the consensus estimate of ($0.06) by ($0.13). The firm had revenue of $3.62 billion during the quarter, compared to the consensus estimate of $3.57 billion. SEA had a net margin of 1.27% and a return on equity of 2.54%. The company’s revenue for the quarter was up 5.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.72 earnings per share. As a group, analysts expect that Sea Limited will post 1.01 EPS 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.