Stonekeep Investments LLC Grows Holdings in Sea Limited (NYSE:SE)

Stonekeep Investments LLC raised its holdings in Sea Limited (NYSE:SE) by 22.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 3,428 shares of the Internet company based in Singapore’s stock after purchasing an additional 634 shares during the quarter. Stonekeep Investments LLC’s holdings in SEA were worth $364,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of the business. Rosenberg Matthew Hamilton raised 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 last quarter. Truvestments Capital LLC purchased a new stake in shares of SEA during the third quarter worth approximately $41,000. Icon Wealth Advisors LLC acquired a new stake in shares of SEA during the third quarter worth $47,000. TD Private Client Wealth LLC increased its stake in SEA by 33.7% in the 3rd quarter. TD Private Client Wealth LLC now owns 603 shares of the Internet company based in Singapore’s stock valued at $57,000 after buying an additional 152 shares during the period. Finally, SOA Wealth Advisors LLC. raised its position in SEA by 33.3% during the 3rd quarter. SOA Wealth Advisors LLC. now owns 600 shares of the Internet company based in Singapore’s stock worth $57,000 after buying an additional 150 shares during the last quarter. 59.53% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts have recently weighed in on SE shares. Barclays lifted their target price on shares of SEA from $94.00 to $131.00 and gave the company an “overweight” rating in a report on Thursday, November 14th. Wedbush reissued an “outperform” rating and set a $105.00 target price (up from $84.00) on shares of SEA in a research note on Monday, November 4th. Bank of America raised their price target on SEA from $84.00 to $96.00 and gave the company a “buy” rating in a report on Monday, September 23rd. TD Cowen upped their price objective on SEA from $69.00 to $100.00 and gave the stock a “hold” rating in a report on Wednesday, November 13th. Finally, Benchmark boosted their target price on shares of SEA from $94.00 to $130.00 and gave the stock a “buy” rating in a research report on Wednesday, November 13th. One research analyst has rated the stock with a sell rating, two have given a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $91.21.

SEA Stock Performance

SEA stock opened at $115.13 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 $34.64 and a fifty-two week high of $119.47. The stock has a fifty day moving average of $111.05 and a two-hundred day moving average of $92.19. The company has a market capitalization of $65.89 billion, a price-to-earnings ratio of 767.53 and a beta of 1.54.

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 the consensus estimate of $0.59 by ($0.35). SEA had a net margin of 0.64% and a return on equity of 1.40%. The firm had revenue of $4.33 billion for the quarter, compared to analyst estimates of $4.09 billion. During the same period in the prior year, the company posted ($0.26) earnings per share. The business’s revenue was up 30.8% on a year-over-year basis. On average, analysts anticipate that Sea Limited will post 0.81 EPS for the current fiscal year.

SEA 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.