Signal Advisors Wealth LLC Has $1.26 Million Holdings in Sea Limited (NYSE:SE)

Signal Advisors Wealth LLC cut its holdings in shares of Sea Limited (NYSE:SE) by 22.1% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 11,901 shares of the Internet company based in Singapore’s stock after selling 3,372 shares during the period. Signal Advisors Wealth LLC’s holdings in SEA were worth $1,263,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of SE. Victory Capital Management Inc. grew its holdings in shares of SEA by 7.4% during the second quarter. Victory Capital Management Inc. now owns 13,819 shares of the Internet company based in Singapore’s stock worth $987,000 after purchasing an additional 950 shares during the last quarter. Choreo LLC acquired a new position in SEA during the 2nd quarter worth about $345,000. American Century Companies Inc. grew its holdings in SEA by 17.0% during the 2nd quarter. American Century Companies Inc. now owns 25,288 shares of the Internet company based in Singapore’s stock worth $1,806,000 after acquiring an additional 3,666 shares during the last quarter. DekaBank Deutsche Girozentrale increased its position in SEA by 175.1% in the 2nd quarter. DekaBank Deutsche Girozentrale now owns 100,858 shares of the Internet company based in Singapore’s stock valued at $7,491,000 after acquiring an additional 64,202 shares in the last quarter. Finally, Parallel Advisors LLC raised its stake in shares of SEA by 5.2% in the second quarter. Parallel Advisors LLC now owns 5,063 shares of the Internet company based in Singapore’s stock worth $362,000 after acquiring an additional 250 shares during the last quarter. 59.53% of the stock is owned by institutional investors and hedge funds.

SEA Stock Performance

Shares of NYSE:SE opened at $110.18 on Wednesday. The firm’s 50 day simple moving average is $109.70 and its 200 day simple moving average is $91.33. Sea Limited has a fifty-two week low of $34.35 and a fifty-two week high of $119.47. The company has a market capitalization of $63.06 billion, a price-to-earnings ratio of 734.53 and a beta of 1.54. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.62 and a quick ratio of 1.60.

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

Analyst Ratings Changes

A number of brokerages have recently issued reports on SE. TD Cowen upped their target price on shares of SEA from $69.00 to $100.00 and gave the stock a “hold” rating in a research report on Wednesday, November 13th. Bank of America upped their price objective on SEA from $84.00 to $96.00 and gave the stock a “buy” rating in a report on Monday, September 23rd. Phillip Securities reissued a “reduce” rating and issued a $100.00 target price (up from $80.00) on shares of SEA in a research note on Tuesday, November 19th. Benchmark upped their price target on SEA from $94.00 to $130.00 and gave the company a “buy” rating in a research note on Wednesday, November 13th. Finally, Wedbush reiterated an “outperform” rating and issued a $105.00 price objective (up from $84.00) on shares of SEA in a research report on Monday, November 4th. One investment analyst has rated the stock with a sell rating, two have given a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price 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.