Wilmington Savings Fund Society FSB Raises Stock Holdings in Sea Limited (NYSE:SE)

Wilmington Savings Fund Society FSB lifted its stake in Sea Limited (NYSE:SE) by 23.7% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 3,803 shares of the Internet company based in Singapore’s stock after acquiring an additional 729 shares during the quarter. Wilmington Savings Fund Society FSB’s holdings in SEA were worth $403,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the stock. Apollon Wealth Management LLC grew its position in SEA by 3.5% in the 4th quarter. Apollon Wealth Management LLC now owns 34,501 shares of the Internet company based in Singapore’s stock valued at $3,661,000 after acquiring an additional 1,159 shares in the last quarter. SOA Wealth Advisors LLC. increased its stake in SEA by 25.0% during the 4th quarter. SOA Wealth Advisors LLC. now owns 750 shares of the Internet company based in Singapore’s stock worth $80,000 after buying an additional 150 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd increased its stake in SEA by 12.7% during the 4th quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 40,959 shares of the Internet company based in Singapore’s stock worth $4,346,000 after buying an additional 4,605 shares during the period. Choreo LLC increased its stake in SEA by 2.6% during the 4th quarter. Choreo LLC now owns 16,969 shares of the Internet company based in Singapore’s stock worth $1,822,000 after buying an additional 434 shares during the period. Finally, Yousif Capital Management LLC increased its stake in SEA by 2.7% during the 4th quarter. Yousif Capital Management LLC now owns 20,406 shares of the Internet company based in Singapore’s stock worth $2,165,000 after buying an additional 527 shares during the period. 59.53% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

SE has been the topic of several analyst reports. Barclays increased their price objective on SEA from $94.00 to $131.00 and gave the company an “overweight” rating in a research note on Thursday, November 14th. Dbs Bank upgraded SEA from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, November 13th. Benchmark lifted their price objective on SEA from $94.00 to $130.00 and gave the company a “buy” rating in a research note on Wednesday, November 13th. Phillip Securities reiterated a “reduce” rating and issued a $100.00 price objective (up previously from $80.00) on shares of SEA in a research note on Tuesday, November 19th. Finally, TD Cowen boosted their price target on shares of SEA from $69.00 to $100.00 and gave the stock a “hold” rating in a report on Wednesday, November 13th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $91.21.

SEA Stock Performance

Shares of SE stock opened at $129.77 on Wednesday. The firm has a market cap of $74.27 billion, a price-to-earnings ratio of 865.14 and a beta of 1.55. 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 1 year low of $41.60 and a 1 year high of $129.90. The stock’s 50-day moving average is $114.49 and its two-hundred day moving average is $98.59.

SEA (NYSE:SE) last issued its quarterly earnings data on Tuesday, November 12th. The Internet company based in Singapore reported $0.24 earnings per share for the quarter, missing analysts’ consensus estimates of $0.59 by ($0.35). The firm had revenue of $4.33 billion during the quarter, compared to analysts’ expectations of $4.09 billion. SEA had a net margin of 0.64% and a return on equity of 1.40%. SEA’s quarterly revenue was up 30.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted ($0.26) EPS. Analysts predict that Sea Limited will post 0.8 earnings per share for the current year.

About SEA

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.