Mount Yale Investment Advisors LLC Raises Stake in Sea Limited (NYSE:SE)

Mount Yale Investment Advisors LLC boosted its holdings in Sea Limited (NYSE:SE) by 16.7% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 28,677 shares of the Internet company based in Singapore’s stock after purchasing an additional 4,114 shares during the quarter. Mount Yale Investment Advisors LLC’s holdings in SEA were worth $3,043,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of the stock. Blue Trust Inc. raised its holdings in SEA by 50.3% in the fourth quarter. Blue Trust Inc. now owns 15,194 shares of the Internet company based in Singapore’s stock valued at $1,612,000 after buying an additional 5,082 shares during the period. Geneos Wealth Management Inc. increased its position in shares of SEA by 4,663.6% in the fourth quarter. Geneos Wealth Management Inc. now owns 524 shares of the Internet company based in Singapore’s stock worth $56,000 after acquiring an additional 513 shares in the last quarter. Exchange Traded Concepts LLC raised its stake in shares of SEA by 10.9% in the 4th quarter. Exchange Traded Concepts LLC now owns 109,392 shares of the Internet company based in Singapore’s stock valued at $11,606,000 after acquiring an additional 10,721 shares during the period. Yeomans Consulting Group Inc. acquired a new position in shares of SEA during the 4th quarter valued at $266,000. Finally, Wesbanco Bank Inc. purchased a new stake in SEA during the 4th quarter worth $318,000. 59.53% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

SE has been the topic of several research reports. Benchmark raised their price objective on SEA from $94.00 to $130.00 and gave the company a “buy” rating in a research report on Wednesday, November 13th. Wedbush reissued an “outperform” rating and set a $105.00 price target (up from $84.00) on shares of SEA in a research report on Monday, November 4th. Phillip Securities restated a “reduce” rating and issued a $100.00 price target (up previously from $80.00) on shares of SEA in a report on Tuesday, November 19th. Dbs Bank upgraded shares of SEA from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, November 13th. Finally, TD Cowen upped their target price on shares of SEA from $69.00 to $100.00 and gave the company a “hold” rating in a research note on Wednesday, November 13th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $91.21.

SEA Trading Up 1.3 %

Shares of NYSE SE opened at $117.94 on Monday. The stock has a market capitalization of $67.50 billion, a P/E ratio of 786.23 and a beta of 1.54. The stock’s 50 day moving average price is $112.44 and its two-hundred day moving average price is $94.05. The company has a quick ratio of 1.60, a current ratio of 1.62 and a debt-to-equity ratio of 0.36. Sea Limited has a 52-week low of $38.10 and a 52-week high of $119.47.

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

About SEA

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.