Sea Limited (NYSE:SE) Shares Purchased by Handelsbanken Fonder AB

Handelsbanken Fonder AB raised its stake in shares of Sea Limited (NYSE:SE) by 27.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 90,802 shares of the Internet company based in Singapore’s stock after buying an additional 19,406 shares during the period. Handelsbanken Fonder AB’s holdings in SEA were worth $3,677,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Sunbelt Securities Inc. grew its stake in shares of SEA by 91.4% in the 3rd quarter. Sunbelt Securities Inc. now owns 670 shares of the Internet company based in Singapore’s stock worth $29,000 after purchasing an additional 320 shares during the last quarter. UMB Bank n.a. grew its stake in shares of SEA by 70.9% in the 4th quarter. UMB Bank n.a. now owns 788 shares of the Internet company based in Singapore’s stock worth $32,000 after purchasing an additional 327 shares during the last quarter. Blue Trust Inc. grew its stake in shares of SEA by 152.4% in the 4th quarter. Blue Trust Inc. now owns 843 shares of the Internet company based in Singapore’s stock worth $36,000 after purchasing an additional 509 shares during the last quarter. EverSource Wealth Advisors LLC grew its stake in shares of SEA by 90.7% in the 3rd quarter. EverSource Wealth Advisors LLC now owns 1,020 shares of the Internet company based in Singapore’s stock worth $45,000 after purchasing an additional 485 shares during the last quarter. Finally, IFP Advisors Inc grew its stake in shares of SEA by 42.7% in the 3rd quarter. IFP Advisors Inc now owns 2,185 shares of the Internet company based in Singapore’s stock worth $96,000 after purchasing an additional 654 shares during the last quarter. Institutional investors and hedge funds own 59.53% of the company’s stock.

SEA Stock Performance

SE stock opened at $62.82 on Friday. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.43 and a current ratio of 1.44. The stock has a market cap of $35.48 billion, a P/E ratio of 261.75 and a beta of 1.50. The firm has a 50 day simple moving average of $53.85 and a 200 day simple moving average of $44.92. Sea Limited has a 52 week low of $34.35 and a 52 week high of $88.39.

SEA (NYSE:SE) last posted its quarterly earnings results on Monday, March 4th. The Internet company based in Singapore reported ($0.19) EPS for the quarter, missing the consensus estimate of ($0.06) by ($0.13). The company had revenue of $3.62 billion for the quarter, compared to analyst estimates of $3.57 billion. SEA had a return on equity of 2.54% and a net margin of 1.27%. The business’s revenue for the quarter was up 5.7% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.72 earnings per share. Research analysts anticipate that Sea Limited will post 0.72 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on SE shares. Barclays lifted their price objective on shares of SEA from $59.00 to $68.00 and gave the stock an “overweight” rating in a research note on Tuesday, March 5th. HSBC lifted their price objective on shares of SEA from $70.00 to $76.00 and gave the stock a “buy” rating in a research note on Tuesday, March 5th. Wedbush lifted their target price on shares of SEA from $45.00 to $72.00 and gave the stock an “outperform” rating in a research report on Tuesday, March 5th. Citigroup raised shares of SEA from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $44.00 to $50.00 in a research report on Thursday, February 1st. Finally, JPMorgan Chase & Co. raised shares of SEA from a “neutral” rating to an “overweight” rating and lifted their target price for the stock from $43.00 to $70.00 in a research report on Tuesday, March 5th. Three analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $70.00.

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 eSports operations.