Marks Group Wealth Management Inc Purchases 851 Shares of Sea Limited (NYSE:SE)

Marks Group Wealth Management Inc lifted its position in shares of Sea Limited (NYSE:SE) by 11.8% in the 4th quarter, Holdings Channel.com reports. The fund owned 8,068 shares of the Internet company based in Singapore’s stock after buying an additional 851 shares during the quarter. Marks Group Wealth Management Inc’s holdings in SEA were worth $856,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the company. Baillie Gifford & Co. lifted its stake in SEA by 15.5% during the 3rd quarter. Baillie Gifford & Co. now owns 39,564,018 shares of the Internet company based in Singapore’s stock valued at $3,730,096,000 after acquiring an additional 5,295,590 shares during the period. WCM Investment Management LLC grew its stake in shares of SEA by 22.8% in the fourth quarter. WCM Investment Management LLC now owns 25,663,667 shares of the Internet company based in Singapore’s stock worth $2,758,331,000 after acquiring an additional 4,761,289 shares during the period. Kaizen Investment Management Pte. Ltd. purchased a new position in shares of SEA during the third quarter valued at approximately $587,544,000. Geode Capital Management LLC lifted its position in SEA by 4.2% during the third quarter. Geode Capital Management LLC now owns 3,059,521 shares of the Internet company based in Singapore’s stock valued at $283,543,000 after purchasing an additional 124,433 shares during the period. Finally, Perpetual Ltd lifted its position in SEA by 3,033.0% during the fourth quarter. Perpetual Ltd now owns 2,098,003 shares of the Internet company based in Singapore’s stock valued at $222,598,000 after purchasing an additional 2,031,038 shares during the period. 59.53% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the stock. Phillip Securities reiterated a “reduce” rating and set a $100.00 target price (up from $80.00) on shares of SEA in a research note on Tuesday, November 19th. Wedbush reiterated an “outperform” rating and set a $105.00 price objective (up previously from $84.00) on shares of SEA in a research report on Monday, November 4th. TD Cowen raised 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. Barclays boosted their price target on SEA from $94.00 to $131.00 and gave the company an “overweight” rating in a research note on Thursday, November 14th. Finally, Benchmark increased their price objective on shares of SEA from $94.00 to $130.00 and gave the stock a “buy” rating in a research note on Wednesday, November 13th. One research analyst has rated the stock with a sell rating, two have issued a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $91.21.

SEA Stock Performance

Shares of NYSE SE opened at $130.58 on Thursday. 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 Limited has a 1 year low of $41.60 and a 1 year high of $130.65. The firm has a fifty day moving average price of $114.76 and a 200-day moving average price of $98.81. The stock has a market cap of $74.74 billion, a PE ratio of 870.53 and a beta of 1.55.

SEA (NYSE:SE) last posted 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 business had revenue of $4.33 billion for the quarter, compared to the consensus estimate of $4.09 billion. SEA had a net margin of 0.64% and a return on equity of 1.40%. SEA’s revenue was up 30.8% compared to the same quarter last year. During the same period in the prior year, the business earned ($0.26) earnings per share. Equities analysts anticipate that Sea Limited will post 0.8 earnings per share 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.