Hamilton Wealth LLC Takes $435,000 Position in Sea Limited (NYSE:SE)

Hamilton Wealth LLC purchased a new position in shares of Sea Limited (NYSE:SE) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 8,100 shares of the Internet company based in Singapore’s stock, valued at approximately $435,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in SE. UMB Bank n.a. increased its holdings in shares of SEA by 70.9% during the 4th quarter. UMB Bank n.a. now owns 788 shares of the Internet company based in Singapore’s stock worth $32,000 after acquiring an additional 327 shares during the last quarter. GAMMA Investing LLC raised its position in shares of SEA by 121.3% in the first quarter. GAMMA Investing LLC now owns 613 shares of the Internet company based in Singapore’s stock valued at $33,000 after purchasing an additional 336 shares during the period. Blue Trust Inc. boosted its holdings in shares of SEA by 152.4% during the 4th quarter. Blue Trust Inc. now owns 843 shares of the Internet company based in Singapore’s stock worth $36,000 after buying an additional 509 shares during the period. EverSource Wealth Advisors LLC grew its stake in SEA by 38.6% in the 4th quarter. EverSource Wealth Advisors LLC now owns 1,414 shares of the Internet company based in Singapore’s stock valued at $57,000 after buying an additional 394 shares during the last quarter. Finally, Lindbrook Capital LLC raised its holdings in SEA by 78.8% in the 1st quarter. Lindbrook Capital LLC now owns 1,198 shares of the Internet company based in Singapore’s stock valued at $64,000 after acquiring an additional 528 shares during the period. 59.53% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the company. Barclays upped their target price on SEA from $85.00 to $87.00 and gave the company an “overweight” rating in a research report on Thursday, May 16th. Benchmark lifted their target price on SEA from $78.00 to $87.00 and gave the stock a “buy” rating in a report on Wednesday, May 15th. Dbs Bank restated a “hold” rating and issued a $75.00 price target on shares of SEA in a research note on Friday, June 28th. TD Cowen lifted their price objective on shares of SEA from $52.00 to $64.00 and gave the stock a “hold” rating in a research note on Wednesday, May 15th. Finally, JPMorgan Chase & Co. reissued a “neutral” rating and issued a $78.00 price objective (down previously from $84.00) on shares of SEA in a report on Tuesday, June 25th. Six research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $73.71.

SEA Trading Down 5.2 %

SEA stock traded down $3.30 during trading hours on Friday, reaching $60.75. 6,838,156 shares of the company’s stock were exchanged, compared to its average volume of 3,427,654. The firm has a market capitalization of $34.77 billion, a PE ratio of 1,214.80 and a beta of 1.51. The company has a quick ratio of 1.44, a current ratio of 1.46 and a debt-to-equity ratio of 0.43. The firm’s 50 day simple moving average is $70.84 and its 200 day simple moving average is $59.71. Sea Limited has a twelve month low of $34.35 and a twelve month high of $76.60.

SEA (NYSE:SE) last issued its earnings results on Tuesday, May 14th. The Internet company based in Singapore reported ($0.04) earnings per share for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.40). The business had revenue of $3.73 billion during the quarter, compared to the consensus estimate of $3.64 billion. SEA had a return on equity of 0.80% and a net margin of 0.39%. The company’s revenue for the quarter was up 22.8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.15 earnings per share. Research analysts predict that Sea Limited will post 0.62 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.