Sea Limited (NYSE:SE) Shares Acquired by Tidal Investments LLC

Tidal Investments LLC boosted its position in shares of Sea Limited (NYSE:SE) by 1,270.6% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 109,034 shares of the Internet company based in Singapore’s stock after purchasing an additional 101,079 shares during the period. Tidal Investments LLC’s holdings in SEA were worth $10,280,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in SE. Rosenberg Matthew Hamilton grew its holdings 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 worth $28,000 after acquiring an additional 203 shares in the last quarter. Truvestments Capital LLC acquired a new position in SEA during the 3rd quarter worth $41,000. Icon Wealth Advisors LLC acquired a new position in SEA during the 3rd quarter worth $47,000. SOA Wealth Advisors LLC. grew its holdings 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 acquiring an additional 150 shares in the last quarter. Finally, TD Private Client Wealth LLC grew its holdings in SEA by 33.7% during the 3rd quarter. TD Private Client Wealth LLC now owns 603 shares of the Internet company based in Singapore’s stock worth $57,000 after acquiring an additional 152 shares in the last quarter. 59.53% of the stock is owned by institutional investors and hedge funds.

SEA Trading Up 0.5 %

Shares of NYSE:SE opened at $117.27 on Friday. The company has a market cap of $67.12 billion, a PE ratio of 781.80 and a beta of 1.53. The company’s 50-day moving average price is $104.41 and its 200 day moving average price is $85.46. Sea Limited has a fifty-two week low of $34.35 and a fifty-two week 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 earnings results on Tuesday, November 12th. The Internet company based in Singapore reported $0.24 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 for the quarter, compared to analyst estimates of $4.09 billion. During the same period in the prior year, the company earned ($0.26) earnings per share. The firm’s revenue for the quarter was up 30.8% on a year-over-year basis. Sell-side analysts anticipate that Sea Limited will post 0.81 earnings per share for the current year.

Wall Street Analyst Weigh In

Several brokerages have weighed in on SE. TD Cowen raised their price objective on shares of SEA from $69.00 to $100.00 and gave the stock a “hold” rating in a report on Wednesday, November 13th. Benchmark lifted their price target on shares of SEA from $94.00 to $130.00 and gave the company a “buy” rating in a report on Wednesday, November 13th. Barclays lifted their price target 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 reaffirmed an “outperform” rating and issued a $105.00 price target (up from $84.00) on shares of SEA in a report on Monday, November 4th. Finally, Dbs Bank raised shares of SEA from a “hold” rating to a “strong-buy” rating in a report on Wednesday, November 13th. One analyst has rated the stock with a sell rating, two have issued a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, SEA currently has an average rating of “Moderate Buy” and an average price target of $91.21.

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.