Dakota Wealth Management Acquires 7,072 Shares of Sea Limited (NYSE:SE)

Dakota Wealth Management lifted its holdings in Sea Limited (NYSE:SE) by 78.2% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 16,116 shares of the Internet company based in Singapore’s stock after purchasing an additional 7,072 shares during the quarter. Dakota Wealth Management’s holdings in SEA were worth $1,710,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in SE. American Century Companies Inc. raised its holdings in shares of SEA by 17.0% in the second quarter. American Century Companies Inc. now owns 25,288 shares of the Internet company based in Singapore’s stock valued at $1,806,000 after buying an additional 3,666 shares during the last quarter. Envestnet Asset Management Inc. raised its holdings in shares of SEA by 130.8% in the second quarter. Envestnet Asset Management Inc. now owns 182,377 shares of the Internet company based in Singapore’s stock valued at $13,025,000 after buying an additional 103,365 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of SEA by 445.4% in the second quarter. Dimensional Fund Advisors LP now owns 51,096 shares of the Internet company based in Singapore’s stock valued at $3,649,000 after buying an additional 41,728 shares during the last quarter. Vanguard Personalized Indexing Management LLC raised its holdings in shares of SEA by 13.9% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 9,960 shares of the Internet company based in Singapore’s stock valued at $711,000 after buying an additional 1,214 shares during the last quarter. Finally, Thrivent Financial for Lutherans increased its position in SEA by 2,330.8% in the second quarter. Thrivent Financial for Lutherans now owns 105,593 shares of the Internet company based in Singapore’s stock worth $7,541,000 after purchasing an additional 101,249 shares during the period. 59.53% of the stock is owned by institutional investors.

SEA Stock Down 1.6 %

SE stock opened at $116.44 on Friday. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.62 and a quick ratio of 1.60. The stock has a market capitalization of $66.64 billion, a price-to-earnings ratio of 776.24 and a beta of 1.54. The business’s fifty day moving average price is $112.14 and its two-hundred day moving average price is $93.46. Sea Limited has a fifty-two week low of $38.10 and a fifty-two week high of $119.47.

SEA (NYSE:SE) last posted its quarterly earnings data on Tuesday, November 12th. The Internet company based in Singapore reported $0.24 earnings per share for the quarter, missing the consensus estimate of $0.59 by ($0.35). The firm had revenue of $4.33 billion for the quarter, compared to the consensus estimate of $4.09 billion. SEA had a return on equity of 1.40% and a net margin of 0.64%. The firm’s quarterly revenue was up 30.8% on a year-over-year basis. During the same quarter in the previous year, the business earned ($0.26) EPS. On average, equities analysts anticipate that Sea Limited will post 0.76 earnings per share for the current year.

Analyst Ratings Changes

A number of analysts recently commented on the company. Wedbush reiterated an “outperform” rating and issued a $105.00 price objective (up from $84.00) on shares of SEA in a research report on Monday, November 4th. Phillip Securities reiterated a “reduce” rating and issued a $100.00 price objective (up from $80.00) on shares of SEA in a research report on Tuesday, November 19th. Dbs Bank upgraded SEA from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, November 13th. TD Cowen lifted their price objective on SEA from $69.00 to $100.00 and gave the stock a “hold” rating in a research report on Wednesday, November 13th. Finally, Benchmark lifted their price objective on SEA from $94.00 to $130.00 and gave the stock a “buy” rating in a research report on Wednesday, November 13th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $91.21.

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.