Addison Capital Co cut its stake in Sea Limited (NYSE:SE) by 0.3% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 57,865 shares of the Internet company based in Singapore’s stock after selling 186 shares during the quarter. SEA makes up approximately 7.2% of Addison Capital Co’s investment portfolio, making the stock its 2nd largest position. Addison Capital Co’s holdings in SEA were worth $12,917,000 at the end of the most recent reporting period.
A number of other large investors also recently made changes to their positions in the business. Whittier Trust Co. of Nevada Inc. acquired a new position in shares of SEA during the 4th quarter worth approximately $28,000. Larson Financial Group LLC raised its stake in shares of SEA by 431.0% during the 4th quarter. Larson Financial Group LLC now owns 154 shares of the Internet company based in Singapore’s stock worth $31,000 after buying an additional 125 shares during the period. Credit Agricole S A acquired a new position in shares of SEA during the 4th quarter worth approximately $33,000. EMC Capital Management acquired a new position in shares of SEA during the 4th quarter worth approximately $33,000. Finally, Simon Quick Advisors LLC acquired a new position in SEA in the 4th quarter valued at $34,000. 74.36% of the stock is owned by institutional investors.
Several research analysts recently commented on the company. Morgan Stanley increased their price objective on SEA from $188.00 to $250.00 in a research note on Monday, February 1st. Zacks Investment Research cut SEA from a “hold” rating to a “sell” rating in a report on Friday, March 5th. China Renaissance Securities initiated coverage on SEA in a report on Monday, February 1st. They set a “buy” rating for the company. Stifel Nicolaus increased their price target on SEA from $225.00 to $260.00 and gave the stock a “hold” rating in a report on Tuesday, March 9th. Finally, Macquarie upgraded SEA from a “neutral” rating to an “outperform” rating and set a $280.00 price target for the company in a report on Monday, March 15th. One analyst has rated the stock with a sell rating, two have issued a hold rating and eight have given a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $203.38.
SEA stock traded down $7.62 during midday trading on Monday, reaching $243.31. 84,724 shares of the stock traded hands, compared to its average volume of 4,402,250. The company has a 50-day simple moving average of $232.81 and a two-hundred day simple moving average of $204.13. Sea Limited has a 12-month low of $44.46 and a 12-month high of $285.00. The firm has a market cap of $79.57 billion, a PE ratio of -82.98 and a beta of 1.36. The company has a current ratio of 1.47, a quick ratio of 1.46 and a debt-to-equity ratio of 2.49.
SEA (NYSE:SE) last released its quarterly earnings results on Monday, March 1st. The Internet company based in Singapore reported ($0.87) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.54) by ($0.33). The firm had revenue of $1.57 billion for the quarter, compared to analysts’ expectations of $1.51 billion. SEA had a negative return on equity of 144.79% and a negative net margin of 38.59%. The company’s quarterly revenue was up 101.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned ($0.53) EPS. Equities research analysts anticipate that Sea Limited will post -3.28 earnings per share for the current year.
Sea Limited engages in the digital entertainment, e-commerce, and digital financial service businesses in Southeast Asia, Latin America, rest of Asia, and internationally. It provides Garena digital entertainment platform for users to access mobile and PC online games, as well as eSports operations; and access to other entertainment content, such as livestreaming of gameplay and social features , such as user chat and online forums.
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