Equitable Trust Co. Decreases Stock Position in Sea Limited (NYSE:SE)

Equitable Trust Co. lessened its position in Sea Limited (NYSE:SE) by 5.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 169,477 shares of the Internet company based in Singapore’s stock after selling 10,582 shares during the quarter. SEA comprises 1.0% of Equitable Trust Co.’s holdings, making the stock its 24th largest position. Equitable Trust Co.’s holdings in SEA were worth $17,982,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Kaizen Investment Management Pte. Ltd. purchased a new position in SEA during the third quarter worth approximately $587,544,000. WCM Investment Management LLC lifted its position in SEA by 35.9% during the third quarter. WCM Investment Management LLC now owns 20,902,378 shares of the Internet company based in Singapore’s stock worth $1,971,303,000 after buying an additional 5,517,559 shares in the last quarter. Baillie Gifford & Co. lifted its position in SEA by 15.5% during the third quarter. Baillie Gifford & Co. now owns 39,564,018 shares of the Internet company based in Singapore’s stock worth $3,730,096,000 after buying an additional 5,295,590 shares in the last quarter. Perpetual Ltd lifted its position in SEA by 3,033.0% during the fourth quarter. Perpetual Ltd now owns 2,098,003 shares of the Internet company based in Singapore’s stock worth $222,598,000 after buying an additional 2,031,038 shares in the last quarter. Finally, CoreView Capital Management Ltd lifted its position in SEA by 341.1% during the third quarter. CoreView Capital Management Ltd now owns 1,996,376 shares of the Internet company based in Singapore’s stock worth $188,218,000 after buying an additional 1,543,743 shares in the last quarter. Hedge funds and other institutional investors own 59.53% of the company’s stock.

Wall Street Analysts Forecast Growth

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

SEA Trading Up 0.3 %

Shares of NYSE SE opened at $123.00 on Monday. Sea Limited has a twelve month low of $41.60 and a twelve month high of $126.35. The company has a current ratio of 1.62, a quick ratio of 1.60 and a debt-to-equity ratio of 0.36. The stock has a fifty day simple moving average of $113.97 and a 200-day simple moving average of $97.70. The stock has a market capitalization of $70.40 billion, a PE ratio of 820.01 and a beta of 1.55.

SEA (NYSE:SE) last released its earnings results on Tuesday, November 12th. The Internet company based in Singapore reported $0.24 EPS for the quarter, missing the consensus estimate of $0.59 by ($0.35). SEA had a return on equity of 1.40% and a net margin of 0.64%. The company had revenue of $4.33 billion for the quarter, compared to analyst estimates of $4.09 billion. During the same period in the previous year, the firm earned ($0.26) earnings per share. The company’s revenue for the quarter was up 30.8% compared to the same quarter last year. On average, equities analysts forecast that Sea Limited will post 0.8 earnings per share for the current 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.