Venturi Wealth Management LLC Raises Stake in Sea Limited (NYSE:SE)

Venturi Wealth Management LLC increased its stake in shares of Sea Limited (NYSE:SE) by 7,589.7% in the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 5,229 shares of the Internet company based in Singapore’s stock after buying an additional 5,161 shares during the period. Venturi Wealth Management LLC’s holdings in SEA were worth $493,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of SE. Sequoia Financial Advisors LLC grew its stake in SEA by 6.2% during the third quarter. Sequoia Financial Advisors LLC now owns 3,081 shares of the Internet company based in Singapore’s stock valued at $290,000 after acquiring an additional 180 shares in the last quarter. Canton Hathaway LLC increased its holdings in shares of SEA by 20.0% in the second quarter. Canton Hathaway LLC now owns 1,200 shares of the Internet company based in Singapore’s stock worth $86,000 after purchasing an additional 200 shares during the period. Rosenberg Matthew Hamilton raised its position in shares of 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 in the last quarter. Gulf International Bank UK Ltd boosted its stake in SEA by 0.7% during the second quarter. Gulf International Bank UK Ltd now owns 28,958 shares of the Internet company based in Singapore’s stock valued at $2,068,000 after buying an additional 213 shares during the period. Finally, Parallel Advisors LLC grew its position in SEA by 5.2% during the second quarter. Parallel Advisors LLC now owns 5,063 shares of the Internet company based in Singapore’s stock worth $362,000 after buying an additional 250 shares in the last quarter. Hedge funds and other institutional investors own 59.53% of the company’s stock.

SEA Trading Up 10.5 %

Shares of SE opened at $107.67 on Wednesday. Sea Limited has a 1-year low of $34.35 and a 1-year high of $117.52. The company has a current ratio of 1.49, a quick ratio of 1.48 and a debt-to-equity ratio of 0.41. The firm’s 50-day moving average price is $92.39 and its 200-day moving average price is $78.69. The firm has a market capitalization of $61.62 billion, a price-to-earnings ratio of -307.63 and a beta of 1.52.

SEA (NYSE:SE) last posted its earnings results on Tuesday, August 13th. The Internet company based in Singapore reported $0.14 earnings per share for the quarter, missing analysts’ consensus estimates of $0.59 by ($0.45). SEA had a negative return on equity of 2.92% and a negative net margin of 1.36%. The firm had revenue of $3.81 billion for the quarter, compared to analysts’ expectations of $3.73 billion. During the same quarter last year, the company posted $0.54 EPS. The firm’s revenue was up 23.0% on a year-over-year basis. Sell-side analysts anticipate that Sea Limited will post 0.77 EPS for the current year.

Analyst Ratings Changes

SE has been the topic of several recent analyst reports. Benchmark raised their price target on SEA from $87.00 to $94.00 and gave the company a “buy” rating in a report on Wednesday, August 14th. Citigroup dropped their target price on shares of SEA from $81.00 to $80.00 and set a “buy” rating for the company in a research report on Tuesday, July 23rd. Barclays raised their price objective on shares of SEA from $87.00 to $94.00 and gave the company an “overweight” rating in a research report on Thursday, August 15th. Wedbush reiterated an “outperform” rating and issued a $105.00 target price (up from $84.00) on shares of SEA in a research report on Monday, November 4th. Finally, Bank of America lifted their price target on SEA from $84.00 to $96.00 and gave the stock a “buy” rating in a research note on Monday, September 23rd. Three equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, SEA has a consensus rating of “Moderate Buy” and a consensus price target of $82.54.

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.