United Advisor Group LLC Invests $438,000 in Sea Limited (NYSE:SE)

United Advisor Group LLC purchased a new stake in Sea Limited (NYSE:SE) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 4,650 shares of the Internet company based in Singapore’s stock, valued at approximately $438,000.

A number of other institutional investors have also recently bought and sold shares of the stock. Rosenberg Matthew Hamilton raised its stake in SEA by 213.7% during the 3rd quarter. Rosenberg Matthew Hamilton now owns 298 shares of the Internet company based in Singapore’s stock valued at $28,000 after purchasing an additional 203 shares during the period. SOA Wealth Advisors LLC. acquired a new position in SEA during the second quarter valued at $32,000. Hexagon Capital Partners LLC lifted its stake in SEA by 63.1% in the 2nd quarter. Hexagon Capital Partners LLC now owns 654 shares of the Internet company based in Singapore’s stock worth $47,000 after acquiring an additional 253 shares in the last quarter. Canton Hathaway LLC boosted its position in SEA by 20.0% during the 2nd quarter. Canton Hathaway LLC now owns 1,200 shares of the Internet company based in Singapore’s stock worth $86,000 after acquiring an additional 200 shares during the period. Finally, Advisors Asset Management Inc. grew its stake in SEA by 34.5% during the 1st quarter. Advisors Asset Management Inc. now owns 1,825 shares of the Internet company based in Singapore’s stock valued at $98,000 after acquiring an additional 468 shares in the last quarter. Hedge funds and other institutional investors own 59.53% of the company’s stock.

SEA Stock Up 0.6 %

SE opened at $95.75 on Wednesday. Sea Limited has a twelve month low of $34.35 and a twelve month high of $101.93. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.48 and a current ratio of 1.49. The business has a 50 day moving average price of $90.45 and a 200 day moving average price of $77.43. The firm has a market cap of $54.80 billion, a P/E ratio of -273.57 and a beta of 1.52.

SEA (NYSE:SE) last posted its quarterly earnings data on Tuesday, August 13th. The Internet company based in Singapore reported $0.14 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.59 by ($0.45). The firm had revenue of $3.81 billion for the quarter, compared to the consensus estimate of $3.73 billion. SEA had a negative return on equity of 2.92% and a negative net margin of 1.36%. SEA’s quarterly revenue was up 23.0% on a year-over-year basis. During the same period in the prior year, the company posted $0.54 earnings per share. Research analysts forecast that Sea Limited will post 0.64 EPS for the current year.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the stock. Bank of America increased their price target on shares of SEA from $84.00 to $96.00 and gave the stock a “buy” rating in a research report on Monday, September 23rd. TD Cowen lifted their target price on shares of SEA from $64.00 to $69.00 and gave the company a “hold” rating in a research note on Wednesday, August 14th. JPMorgan Chase & Co. raised shares of SEA from a “neutral” rating to an “overweight” rating and upped their price target for the stock from $66.00 to $90.00 in a research note on Wednesday, August 14th. Barclays lifted their price objective on SEA from $87.00 to $94.00 and gave the company an “overweight” rating in a research report on Thursday, August 15th. Finally, Benchmark upped their target price on SEA from $87.00 to $94.00 and gave the stock a “buy” rating in a research report on Wednesday, August 14th. Three equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $82.54.

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.