Coldstream Capital Management Inc. Makes New $535,000 Investment in Sea Limited (NYSE:SE)

Coldstream Capital Management Inc. acquired a new stake in Sea Limited (NYSE:SE) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 5,676 shares of the Internet company based in Singapore’s stock, valued at approximately $535,000.

A number of other hedge funds have also recently made changes to their positions in SE. Rosenberg Matthew Hamilton increased its holdings in SEA by 213.7% in the 3rd quarter. Rosenberg Matthew Hamilton now owns 298 shares of the Internet company based in Singapore’s stock valued at $28,000 after acquiring an additional 203 shares during the last quarter. Truvestments Capital LLC purchased a new position in shares of SEA during the third quarter valued at about $41,000. Icon Wealth Advisors LLC bought a new stake in shares of SEA in the third quarter worth about $47,000. First Horizon Advisors Inc. lifted its position in shares of SEA by 248.3% in the third quarter. First Horizon Advisors Inc. now owns 700 shares of the Internet company based in Singapore’s stock worth $66,000 after buying an additional 499 shares in the last quarter. Finally, Canton Hathaway LLC boosted its stake in SEA by 20.0% during the second quarter. Canton Hathaway LLC now owns 1,200 shares of the Internet company based in Singapore’s stock valued at $86,000 after buying an additional 200 shares during the last quarter. Institutional investors own 59.53% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have issued reports on SE. Barclays lifted their price objective on SEA from $94.00 to $131.00 and gave the stock an “overweight” rating in a research note on Thursday, November 14th. Dbs Bank raised shares of SEA from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, November 13th. Phillip Securities reiterated a “reduce” rating and set a $100.00 price objective (up previously from $80.00) on shares of SEA in a research report on Tuesday, November 19th. Bank of America boosted their target price on shares of SEA from $84.00 to $96.00 and gave the stock a “buy” rating in a report on Monday, September 23rd. Finally, Benchmark increased their price target on shares of SEA from $94.00 to $130.00 and gave the company a “buy” rating in a report on Wednesday, November 13th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $91.21.

SEA Trading Down 0.7 %

Shares of NYSE SE opened at $116.46 on Friday. Sea Limited has a fifty-two week low of $34.35 and a fifty-two week high of $119.47. 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 $66.65 billion, a price-to-earnings ratio of 776.40 and a beta of 1.53. The business’s 50 day moving average price is $104.82 and its 200-day moving average price is $85.77.

SEA (NYSE:SE) last released its 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). The business had revenue of $4.33 billion during the quarter, compared to analysts’ expectations of $4.09 billion. SEA had a return on equity of 1.40% and a net margin of 0.64%. The business’s revenue for the quarter 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, sell-side analysts expect that Sea Limited will post 0.81 earnings per share for the current year.

About SEA

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 promotes eSports operations.