Wealth Enhancement Advisory Services LLC Sells 581 Shares of Sea Limited (NYSE:SE)

Wealth Enhancement Advisory Services LLC lowered its position in Sea Limited (NYSE:SE) by 9.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 5,687 shares of the Internet company based in Singapore’s stock after selling 581 shares during the period. Wealth Enhancement Advisory Services LLC’s holdings in SEA were worth $603,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of SE. Baillie Gifford & Co. increased its position in shares of SEA by 3.5% during the fourth quarter. Baillie Gifford & Co. now owns 40,954,549 shares of the Internet company based in Singapore’s stock valued at $4,345,278,000 after acquiring an additional 1,390,531 shares during the last quarter. Norges Bank purchased a new stake in shares of SEA during the fourth quarter valued at approximately $1,493,682,000. Capital Research Global Investors increased its position in shares of SEA by 19.5% during the fourth quarter. Capital Research Global Investors now owns 8,126,064 shares of the Internet company based in Singapore’s stock valued at $862,175,000 after acquiring an additional 1,325,183 shares during the last quarter. Geode Capital Management LLC increased its position in shares of SEA by 4.6% during the fourth quarter. Geode Capital Management LLC now owns 3,201,601 shares of the Internet company based in Singapore’s stock valued at $335,084,000 after acquiring an additional 142,080 shares during the last quarter. Finally, Northern Trust Corp increased its position in shares of SEA by 12.6% during the fourth quarter. Northern Trust Corp now owns 2,946,347 shares of the Internet company based in Singapore’s stock valued at $312,607,000 after acquiring an additional 329,881 shares during the last quarter. Institutional investors own 59.53% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on SE. Benchmark raised their target price on SEA from $150.00 to $180.00 and gave the stock a “buy” rating in a research report on Wednesday, May 14th. Loop Capital reissued a “buy” rating and issued a $190.00 target price (up from $165.00) on shares of SEA in a research report on Thursday, May 29th. Sanford C. Bernstein reissued an “outperform” rating and issued a $170.00 target price on shares of SEA in a research report on Wednesday, May 14th. Jefferies Financial Group raised their target price on SEA from $131.00 to $157.00 and gave the stock a “buy” rating in a research report on Tuesday, March 4th. Finally, Phillip Securities raised SEA from a “moderate sell” rating to a “hold” rating in a research report on Friday, March 7th. Three analysts have rated the stock with a hold rating, nine have assigned a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $147.15.

SEA Trading Down 1.6%

Shares of SE stock opened at $154.31 on Thursday. The company has a quick ratio of 1.60, a current ratio of 1.62 and a debt-to-equity ratio of 0.36. The business has a 50-day moving average price of $142.23 and a two-hundred day moving average price of $128.06. Sea Limited has a 12-month low of $55.00 and a 12-month high of $172.65. The firm has a market cap of $90.90 billion, a P/E ratio of 1,028.71 and a beta of 1.64.

SEA (NYSE:SE) last released its quarterly earnings data on Tuesday, May 13th. The Internet company based in Singapore reported $0.65 EPS for the quarter, missing the consensus estimate of $0.93 by ($0.28). The company had revenue of $4.84 billion during the quarter, compared to analysts’ expectations of $4.90 billion. SEA had a return on equity of 1.40% and a net margin of 0.64%. The firm’s quarterly revenue was up 29.6% on a year-over-year basis. During the same quarter in the prior year, the firm posted ($0.04) EPS. Equities analysts anticipate that Sea Limited will post 0.74 EPS for the current fiscal year.

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.