Edgestream Partners L.P. Takes Position in Sea Limited (NYSE:SE)

Edgestream Partners L.P. bought a new position in Sea Limited (NYSE:SE) during the third quarter, according to its most recent disclosure with the SEC. The firm bought 2,276 shares of the Internet company based in Singapore’s stock, valued at approximately $215,000.

Several other institutional investors and hedge funds also recently bought and sold shares of the stock. Rosenberg Matthew Hamilton lifted its stake in shares of SEA by 213.7% during the 3rd quarter. Rosenberg Matthew Hamilton now owns 298 shares of the Internet company based in Singapore’s stock valued at $28,000 after buying an additional 203 shares in the last quarter. SOA Wealth Advisors LLC. bought a new position in shares of SEA during the 2nd quarter valued at about $32,000. Truvestments Capital LLC bought a new position in shares of SEA during the 3rd quarter valued at about $41,000. Hexagon Capital Partners LLC increased its holdings in shares of SEA by 63.1% in the second quarter. Hexagon Capital Partners LLC now owns 654 shares of the Internet company based in Singapore’s stock worth $47,000 after purchasing an additional 253 shares during the last quarter. Finally, Icon Wealth Advisors LLC bought a new position in SEA during the third quarter valued at approximately $47,000. 59.53% of the stock is currently owned by hedge funds and other institutional investors.

SEA Stock Performance

Shares of SEA stock opened at $116.25 on Friday. Sea Limited has a 52 week low of $34.35 and a 52 week high of $118.58. The company has a market capitalization of $66.53 billion, a PE ratio of 775.00 and a beta of 1.53. The stock’s fifty day moving average is $102.85 and its two-hundred day moving average is $84.28. 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 posted its quarterly 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). 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%. The company’s quarterly revenue was up 30.8% on a year-over-year basis. During the same period in the prior year, the business earned ($0.26) EPS. As a group, analysts expect that Sea Limited will post 0.81 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the company. TD Cowen raised their price target on SEA from $69.00 to $100.00 and gave the company a “hold” rating in a report on Wednesday, November 13th. Barclays upped their price target on shares of SEA from $94.00 to $131.00 and gave the company an “overweight” rating in a research note on Thursday, November 14th. Bank of America lifted their price objective on shares of SEA from $84.00 to $96.00 and gave the stock a “buy” rating in a research note on Monday, September 23rd. Benchmark upped their target price on shares of SEA from $94.00 to $130.00 and gave the company a “buy” rating in a research report on Wednesday, November 13th. Finally, Wedbush reiterated an “outperform” rating and issued a $105.00 price target (up previously from $84.00) on shares of SEA in a research report on Monday, November 4th. One analyst has rated the stock with a sell rating, two have issued a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $91.21.

SEA 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.