Icon Wealth Advisors LLC Invests $216,000 in Sea Limited (NYSE:SE)

Icon Wealth Advisors LLC acquired a new stake in shares of Sea Limited (NYSE:SE) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 2,293 shares of the Internet company based in Singapore’s stock, valued at approximately $216,000.

Other institutional investors also recently modified their holdings of the company. Rosenberg Matthew Hamilton lifted 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 acquiring an additional 203 shares during the period. Truvestments Capital LLC purchased a new position in shares of SEA during the third quarter valued at approximately $41,000. SOA Wealth Advisors LLC. bought a new position in SEA during the second quarter valued at approximately $32,000. Hexagon Capital Partners LLC lifted its position in SEA by 63.1% during the second quarter. Hexagon Capital Partners LLC now owns 654 shares of the Internet company based in Singapore’s stock valued at $47,000 after purchasing an additional 253 shares during the period. Finally, First Horizon Advisors Inc. boosted its holdings in SEA by 248.3% in the third quarter. First Horizon Advisors Inc. now owns 700 shares of the Internet company based in Singapore’s stock worth $66,000 after purchasing an additional 499 shares during the last quarter. 59.53% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts have recently weighed in on SE shares. Dbs Bank raised SEA from a “hold” rating to a “strong-buy” rating in a report on Wednesday, November 13th. Wedbush reissued an “outperform” rating and issued a $105.00 target price (up from $84.00) on shares of SEA in a research report on Monday, November 4th. Phillip Securities restated a “reduce” rating and set a $100.00 price target (up from $80.00) on shares of SEA in a research note on Tuesday, November 19th. TD Cowen increased their price objective on shares of SEA from $69.00 to $100.00 and gave the stock a “hold” rating in a research note on Wednesday, November 13th. Finally, JPMorgan Chase & Co. upgraded shares of SEA from a “neutral” rating to an “overweight” rating and boosted their target price for the company from $66.00 to $90.00 in a research report on Wednesday, August 14th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $91.21.

SEA Price Performance

Shares of SEA stock opened at $113.80 on Friday. The company has a market capitalization of $65.13 billion, a price-to-earnings ratio of 758.67 and a beta of 1.52. The company has a quick ratio of 1.60, a current ratio of 1.62 and a debt-to-equity ratio of 0.36. The stock’s 50-day simple moving average is $100.60 and its 200-day simple moving average is $82.71. Sea Limited has a 52 week low of $34.35 and a 52 week high of $117.85.

SEA (NYSE:SE) last posted its quarterly earnings results on Tuesday, November 12th. The Internet company based in Singapore reported $0.24 EPS for the quarter, missing analysts’ consensus estimates of $0.59 by ($0.35). SEA had a return on equity of 1.40% and a net margin of 0.64%. The business had revenue of $4.33 billion during the quarter, compared to analysts’ expectations of $4.09 billion. During the same period in the prior year, the firm posted ($0.26) earnings per share. The firm’s revenue for the quarter was up 30.8% on a year-over-year basis. As a group, analysts expect that Sea Limited will post 0.81 earnings per share for the current fiscal year.

SEA Company Profile

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.