Connable Office Inc. Buys Shares of 16,525 Sea Limited (NYSE:SE)

Connable Office Inc. purchased a new position in Sea Limited (NYSE:SE) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 16,525 shares of the Internet company based in Singapore’s stock, valued at approximately $1,558,000.

Other hedge funds also recently made changes to their positions in the company. Rosenberg Matthew Hamilton lifted its stake in SEA by 213.7% in the 3rd quarter. Rosenberg Matthew Hamilton now owns 298 shares of the Internet company based in Singapore’s stock worth $28,000 after purchasing an additional 203 shares in the last quarter. SOA Wealth Advisors LLC. bought a new stake in SEA during the second quarter valued at $32,000. Hexagon Capital Partners LLC boosted its stake 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 buying an additional 253 shares during the period. Canton Hathaway LLC grew its position in SEA by 20.0% during the second quarter. Canton Hathaway LLC now owns 1,200 shares of the Internet company based in Singapore’s stock worth $86,000 after buying an additional 200 shares in the last quarter. Finally, GAMMA Investing LLC increased its stake in SEA by 69.5% in the 3rd quarter. GAMMA Investing LLC now owns 1,268 shares of the Internet company based in Singapore’s stock worth $120,000 after acquiring an additional 520 shares during the last quarter. 59.53% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the company. TD Cowen lifted their price target on SEA from $69.00 to $100.00 and gave the company a “hold” rating in a research report on Wednesday. Bank of America lifted their target price on shares of SEA from $84.00 to $96.00 and gave the company a “buy” rating in a research report on Monday, September 23rd. Wedbush reissued an “outperform” rating and issued a $105.00 price target (up previously from $84.00) on shares of SEA in a report on Monday, November 4th. JPMorgan Chase & Co. upgraded shares of SEA from a “neutral” rating to an “overweight” rating and raised their price objective for the company from $66.00 to $90.00 in a research report on Wednesday, August 14th. Finally, Barclays upped their target price on shares of SEA from $94.00 to $131.00 and gave the stock an “overweight” rating in a research report on Thursday. Two equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $90.54.

SEA Stock Down 1.6 %

SE opened at $103.32 on Friday. Sea Limited has a 12 month low of $34.35 and a 12 month high of $117.52. The company has a current ratio of 1.62, a quick ratio of 1.48 and a debt-to-equity ratio of 0.36. The business’s 50-day moving average price is $93.42 and its 200-day moving average price is $79.05. The company has a market cap of $59.13 billion, a P/E ratio of 688.80 and a beta of 1.52.

SEA (NYSE:SE) last announced 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). The company had revenue of $4.33 billion during the quarter, compared to analysts’ expectations of $4.09 billion. SEA had a return on equity of 1.40% and a net margin of 0.64%. SEA’s revenue for the quarter was up 30.8% on a year-over-year basis. During the same period last year, the firm earned ($0.26) earnings per share. On average, equities analysts expect that Sea Limited will post 0.8 EPS for the current year.

About SEA

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.