Tree Line Advisors Hong Kong Ltd. Acquires 150,000 Shares of Sea Limited (NYSE:SE)

Tree Line Advisors Hong Kong Ltd. raised its stake in Sea Limited (NYSE:SE) by 13.9% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 1,230,000 shares of the Internet company based in Singapore’s stock after acquiring an additional 150,000 shares during the period. SEA accounts for approximately 26.9% of Tree Line Advisors Hong Kong Ltd.’s holdings, making the stock its biggest position. Tree Line Advisors Hong Kong Ltd.’s holdings in SEA were worth $115,964,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of SE. Rosenberg Matthew Hamilton raised its holdings 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. SOA Wealth Advisors LLC. purchased a new stake in shares of SEA in the 2nd quarter valued at approximately $32,000. Truvestments Capital LLC acquired a new position in SEA in the 3rd quarter worth approximately $41,000. Hexagon Capital Partners LLC grew its position in SEA by 63.1% during the 2nd 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. Finally, Icon Wealth Advisors LLC purchased a new position in SEA during the 3rd quarter worth approximately $47,000. Institutional investors and hedge funds own 59.53% of the company’s stock.

SEA Stock Up 0.1 %

SE stock opened at $114.10 on Tuesday. The firm has a market cap of $65.30 billion, a PE ratio of 760.00 and a beta of 1.52. Sea Limited has a 1 year low of $34.35 and a 1 year high of $117.85. The company has a fifty day simple moving average of $97.40 and a 200 day simple moving average of $81.22. 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 announced its quarterly earnings results on Tuesday, November 12th. The Internet company based in Singapore reported $0.24 earnings per share for the quarter, missing analysts’ consensus estimates of $0.59 by ($0.35). The company had revenue of $4.33 billion during the quarter, compared to analyst estimates of $4.09 billion. SEA had a return on equity of 1.40% and a net margin of 0.64%. SEA’s quarterly revenue was up 30.8% on a year-over-year basis. During the same period in the prior year, the firm earned ($0.26) EPS. Sell-side analysts anticipate that Sea Limited will post 0.81 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

SE has been the subject of several recent analyst reports. Bank of America raised their target price 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. raised SEA from a “neutral” rating to an “overweight” rating and increased their price objective for the stock from $66.00 to $90.00 in a research note on Wednesday, August 14th. Wedbush reaffirmed an “outperform” rating and set a $105.00 target price (up previously from $84.00) on shares of SEA in a research note on Monday, November 4th. Benchmark increased their price target on shares of SEA from $94.00 to $130.00 and gave the stock a “buy” rating in a research report on Wednesday, November 13th. Finally, TD Cowen raised their price target on shares of SEA from $69.00 to $100.00 and gave the stock a “hold” rating in a report on Wednesday, November 13th. One research analyst has rated the stock with a sell rating, two have given a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price 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.