Equitable Trust Co. Decreases Holdings in Sea Limited (NYSE:SE)

Equitable Trust Co. reduced its position in Sea Limited (NYSE:SE) by 5.9% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 169,477 shares of the Internet company based in Singapore’s stock after selling 10,582 shares during the period. SEA accounts for about 1.0% of Equitable Trust Co.’s holdings, making the stock its 24th biggest holding. Equitable Trust Co.’s holdings in SEA were worth $17,982,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Rosenberg Matthew Hamilton lifted its holdings in shares of SEA by 213.7% in the 3rd quarter. Rosenberg Matthew Hamilton now owns 298 shares of the Internet company based in Singapore’s stock valued at $28,000 after purchasing an additional 203 shares during the last quarter. Truvestments Capital LLC purchased a new stake in SEA during the 3rd quarter valued at approximately $41,000. Icon Wealth Advisors LLC purchased a new stake in SEA during the 3rd quarter valued at approximately $47,000. Geneos Wealth Management Inc. raised its stake in SEA by 4,663.6% during the 4th quarter. Geneos Wealth Management Inc. now owns 524 shares of the Internet company based in Singapore’s stock valued at $56,000 after acquiring an additional 513 shares during the last quarter. Finally, SOA Wealth Advisors LLC. raised its stake 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 valued at $57,000 after acquiring an additional 150 shares during the last quarter. 59.53% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

SE has been the topic of several recent analyst reports. Barclays boosted their target price on SEA from $94.00 to $131.00 and gave the stock an “overweight” rating in a research report on Thursday, November 14th. Dbs Bank upgraded SEA from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, November 13th. Benchmark boosted their target price on SEA from $94.00 to $130.00 and gave the stock a “buy” rating in a research report on Wednesday, November 13th. Phillip Securities reiterated a “reduce” rating and set a $100.00 target price (up previously from $80.00) on shares of SEA in a research report on Tuesday, November 19th. Finally, TD Cowen boosted their target price on SEA from $69.00 to $100.00 and gave the stock a “hold” rating in a research report on Wednesday, November 13th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $91.21.

SEA Stock Performance

SE opened at $123.00 on Monday. The stock has a market cap of $70.40 billion, a P/E ratio of 820.01 and a beta of 1.55. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.62 and a quick ratio of 1.60. The stock’s 50 day simple moving average is $113.97 and its 200 day simple moving average is $97.70. Sea Limited has a 1-year low of $41.60 and a 1-year high of $126.35.

SEA (NYSE:SE) last announced its 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 for the quarter, compared to analyst estimates of $4.09 billion. SEA had a net margin of 0.64% and a return on equity of 1.40%. SEA’s quarterly revenue was up 30.8% compared to the same quarter last year. During the same quarter last year, the company posted ($0.26) EPS. As a group, equities analysts anticipate that Sea Limited will post 0.8 EPS for the current fiscal year.

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.