Clarity Capital Partners LLC Acquires 588 Shares of Sea Limited (NYSE:SE)

Clarity Capital Partners LLC raised its holdings in Sea Limited (NYSE:SE) by 20.9% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 3,402 shares of the Internet company based in Singapore’s stock after acquiring an additional 588 shares during the quarter. Clarity Capital Partners LLC’s holdings in SEA were worth $361,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Marks Group Wealth Management Inc raised its stake in shares of SEA by 11.8% during the fourth quarter. Marks Group Wealth Management Inc now owns 8,068 shares of the Internet company based in Singapore’s stock valued at $856,000 after acquiring an additional 851 shares in the last quarter. Capital Advisors Inc. OK increased its holdings in SEA by 34.5% during the 4th quarter. Capital Advisors Inc. OK now owns 256,722 shares of the Internet company based in Singapore’s stock worth $27,238,000 after purchasing an additional 65,868 shares during the period. Aubrey Capital Management Ltd increased its holdings in SEA by 18.7% during the 4th quarter. Aubrey Capital Management Ltd now owns 216,700 shares of the Internet company based in Singapore’s stock worth $22,991,000 after purchasing an additional 34,205 shares during the period. Coronation Fund Managers Ltd. raised its position in SEA by 7.1% during the 4th quarter. Coronation Fund Managers Ltd. now owns 1,050,935 shares of the Internet company based in Singapore’s stock valued at $111,504,000 after purchasing an additional 69,817 shares in the last quarter. Finally, WCM Investment Management LLC lifted its holdings in shares of SEA by 22.8% in the 4th quarter. WCM Investment Management LLC now owns 25,663,667 shares of the Internet company based in Singapore’s stock worth $2,758,331,000 after buying an additional 4,761,289 shares during the period. Hedge funds and other institutional investors own 59.53% of the company’s stock.

SEA Trading Up 0.7 %

Shares of SEA stock opened at $130.58 on Thursday. Sea Limited has a fifty-two week low of $41.60 and a fifty-two week high of $130.65. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.60 and a current ratio of 1.62. The company has a market cap of $74.74 billion, a P/E ratio of 870.53 and a beta of 1.55. The firm has a 50-day simple moving average of $114.76 and a two-hundred day simple moving average of $98.81.

SEA (NYSE:SE) last released 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). SEA had a return on equity of 1.40% and a net margin of 0.64%. The business had revenue of $4.33 billion during the quarter, compared to analyst estimates of $4.09 billion. During the same period in the previous year, the company posted ($0.26) EPS. The business’s revenue for the quarter was up 30.8% compared to the same quarter last year. As a group, equities analysts predict that Sea Limited will post 0.8 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

SE has been the subject of several recent research reports. Dbs Bank upgraded SEA from a “hold” rating to a “strong-buy” rating in a report on Wednesday, November 13th. Barclays upped their target price on SEA from $94.00 to $131.00 and gave the company an “overweight” rating in a research report on Thursday, November 14th. 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. Benchmark lifted their price objective on shares of SEA from $94.00 to $130.00 and gave the company a “buy” rating in a research note on Wednesday, November 13th. Finally, Phillip Securities reiterated a “reduce” rating and issued a $100.00 price objective (up previously from $80.00) on shares of SEA in a research note on Tuesday, November 19th. One analyst has rated the stock with a sell rating, two have assigned a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $91.21.

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.