Wesbanco Bank Inc. Makes New Investment in Sea Limited (NYSE:SE)

Wesbanco Bank Inc. purchased a new position in Sea Limited (NYSE:SE) during the 4th quarter, HoldingsChannel.com reports. The firm purchased 3,000 shares of the Internet company based in Singapore’s stock, valued at approximately $318,000.

Several other hedge funds have also recently added to or reduced their stakes in SE. Rosenberg Matthew Hamilton grew its position in SEA by 213.7% in the third quarter. Rosenberg Matthew Hamilton now owns 298 shares of the Internet company based in Singapore’s stock worth $28,000 after buying an additional 203 shares during the last quarter. Truvestments Capital LLC acquired a new position in SEA in the third quarter worth approximately $41,000. Icon Wealth Advisors LLC acquired a new position in SEA in the third quarter worth approximately $47,000. TD Private Client Wealth LLC grew its position in SEA by 33.7% in the third quarter. TD Private Client Wealth LLC now owns 603 shares of the Internet company based in Singapore’s stock worth $57,000 after buying an additional 152 shares during the last quarter. Finally, SOA Wealth Advisors LLC. grew 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 purchasing an additional 150 shares in the last quarter. Institutional investors and hedge funds own 59.53% of the company’s stock.

SEA Trading Up 1.3 %

Shares of NYSE:SE opened at $117.94 on Friday. The firm has a fifty day moving average of $112.44 and a two-hundred day moving average of $93.77. The firm has a market capitalization of $67.50 billion, a P/E ratio of 786.23 and a beta of 1.54. Sea Limited has a 12-month low of $38.10 and a 12-month high of $119.47. The company has a quick ratio of 1.60, a current ratio of 1.62 and a debt-to-equity ratio of 0.36.

SEA (NYSE:SE) last released its quarterly earnings data 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 business had revenue of $4.33 billion during the quarter, compared to analyst estimates of $4.09 billion. During the same period in the previous year, the firm posted ($0.26) EPS. The firm’s revenue for the quarter was up 30.8% on a year-over-year basis. On average, equities analysts expect that Sea Limited will post 0.76 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities analysts have weighed in on the stock. Wedbush reiterated an “outperform” rating and set a $105.00 price objective (up from $84.00) on shares of SEA in a research report on Monday, November 4th. Phillip Securities reiterated a “reduce” rating and set a $100.00 price objective (up from $80.00) on shares of SEA in a research report on Tuesday, November 19th. Benchmark lifted their price objective 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. TD Cowen lifted their price objective 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. Finally, Dbs Bank upgraded shares of SEA from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, November 13th. One investment analyst has rated the stock with a sell rating, two have given a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $91.21.

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.