3,000 Shares in Sea Limited (NYSE:SE) Purchased by Wesbanco Bank Inc.

Wesbanco Bank Inc. purchased a new position in Sea Limited (NYSE:SE) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 3,000 shares of the Internet company based in Singapore’s stock, valued at approximately $318,000.

A number of other hedge funds have also bought and sold shares of SE. Kaizen Investment Management Pte. Ltd. acquired a new position in SEA in the third quarter worth about $587,544,000. WCM Investment Management LLC lifted its holdings in SEA by 35.9% in the third quarter. WCM Investment Management LLC now owns 20,902,378 shares of the Internet company based in Singapore’s stock worth $1,971,303,000 after acquiring an additional 5,517,559 shares during the last quarter. Baillie Gifford & Co. lifted its holdings in SEA by 15.5% in the third quarter. Baillie Gifford & Co. now owns 39,564,018 shares of the Internet company based in Singapore’s stock worth $3,730,096,000 after acquiring an additional 5,295,590 shares during the last quarter. Perpetual Ltd lifted its holdings in SEA by 3,033.0% in the fourth quarter. Perpetual Ltd now owns 2,098,003 shares of the Internet company based in Singapore’s stock worth $222,598,000 after acquiring an additional 2,031,038 shares during the last quarter. Finally, CoreView Capital Management Ltd lifted its holdings in SEA by 341.1% in the third quarter. CoreView Capital Management Ltd now owns 1,996,376 shares of the Internet company based in Singapore’s stock worth $188,218,000 after acquiring an additional 1,543,743 shares during the last quarter. 59.53% of the stock is currently owned by institutional investors and hedge funds.

SEA Price Performance

NYSE SE opened at $117.94 on Friday. Sea Limited has a 12 month low of $38.10 and a 12 month high of $119.47. 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 firm has a market capitalization of $67.50 billion, a PE ratio of 786.23 and a beta of 1.54. The company’s 50 day simple moving average is $112.44 and its 200 day simple moving average is $93.77.

SEA (NYSE:SE) last posted its quarterly earnings data on Tuesday, November 12th. The Internet company based in Singapore reported $0.24 EPS for the quarter, missing analysts’ consensus estimates of $0.59 by ($0.35). SEA had a net margin of 0.64% and a return on equity of 1.40%. The company had revenue of $4.33 billion for the quarter, compared to analyst estimates of $4.09 billion. During the same quarter in the prior year, the business earned ($0.26) EPS. SEA’s revenue was up 30.8% compared to the same quarter last year. As a group, equities research analysts forecast that Sea Limited will post 0.76 EPS for the current fiscal year.

Wall Street Analyst Weigh In

SE has been the topic of a number of recent research reports. Phillip Securities reissued a “reduce” rating and issued a $100.00 target price (up previously from $80.00) on shares of SEA in a report on Tuesday, November 19th. Benchmark raised their target price on shares of SEA from $94.00 to $130.00 and gave the stock a “buy” rating in a report on Wednesday, November 13th. Barclays raised their target price on shares of SEA from $94.00 to $131.00 and gave the stock an “overweight” rating in a report on Thursday, November 14th. Dbs Bank raised shares of SEA from a “hold” rating to a “strong-buy” rating in a report on Wednesday, November 13th. Finally, TD Cowen lifted their price target on SEA from $69.00 to $100.00 and gave the company a “hold” rating in a report on Wednesday, November 13th. One analyst has rated the stock with a sell rating, two have issued a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, SEA has an average rating of “Moderate Buy” and an average price target of $91.21.

SEA 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.