Prairie Wealth Advisors Inc. Trims Stock Position in Sea Limited (NYSE:SE)

Prairie Wealth Advisors Inc. decreased its position in Sea Limited (NYSE:SE) by 4.4% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 3,460 shares of the Internet company based in Singapore’s stock after selling 160 shares during the period. Prairie Wealth Advisors Inc.’s holdings in SEA were worth $367,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of the company. Dimensional Fund Advisors LP increased its position in SEA by 445.4% during the 2nd quarter. Dimensional Fund Advisors LP now owns 51,096 shares of the Internet company based in Singapore’s stock valued at $3,649,000 after purchasing an additional 41,728 shares during the period. Truist Financial Corp boosted its stake in shares of SEA by 106.9% during the second quarter. Truist Financial Corp now owns 17,853 shares of the Internet company based in Singapore’s stock valued at $1,275,000 after purchasing an additional 9,224 shares in the last quarter. Cetera Investment Advisers raised its stake in SEA by 25.2% in the second quarter. Cetera Investment Advisers now owns 28,542 shares of the Internet company based in Singapore’s stock worth $2,038,000 after buying an additional 5,740 shares in the last quarter. Sanctuary Advisors LLC bought a new position in SEA in the second quarter worth approximately $388,000. Finally, Park Avenue Securities LLC lifted its holdings in SEA by 40.4% during the third quarter. Park Avenue Securities LLC now owns 7,519 shares of the Internet company based in Singapore’s stock worth $709,000 after buying an additional 2,165 shares during the period. Institutional investors own 59.53% of the company’s stock.

SEA Stock Down 0.5 %

Shares of SE stock opened at $122.41 on Friday. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.60 and a current ratio of 1.62. Sea Limited has a fifty-two week low of $41.60 and a fifty-two week high of $126.12. The firm has a market capitalization of $70.06 billion, a PE ratio of 816.08 and a beta of 1.55. The stock’s 50-day simple moving average is $113.78 and its 200-day simple moving average is $96.88.

SEA (NYSE:SE) last posted its quarterly earnings results on Tuesday, November 12th. The Internet company based in Singapore reported $0.24 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.59 by ($0.35). The business had revenue of $4.33 billion for 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 quarterly revenue was up 30.8% compared to the same quarter last year. During the same period in the prior year, the business posted ($0.26) earnings per share. Equities analysts expect that Sea Limited will post 0.8 earnings per share for the current year.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on SE shares. Barclays lifted their price target on SEA from $94.00 to $131.00 and gave the company an “overweight” rating in a report on Thursday, November 14th. Phillip Securities reiterated a “reduce” rating and issued a $100.00 target price (up from $80.00) on shares of SEA in a report on Tuesday, November 19th. Benchmark increased their price target on shares of SEA from $94.00 to $130.00 and gave the company a “buy” rating in a research report on Wednesday, November 13th. Wedbush reaffirmed an “outperform” rating and issued a $105.00 price objective (up previously from $84.00) on shares of SEA in a research report on Monday, November 4th. Finally, Dbs Bank raised shares of SEA from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, November 13th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $91.21.

SEA Company 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.