Signal Advisors Wealth LLC Has $1.26 Million Stock Position in Sea Limited (NYSE:SE)

Signal Advisors Wealth LLC lowered its stake in Sea Limited (NYSE:SE) by 22.1% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 11,901 shares of the Internet company based in Singapore’s stock after selling 3,372 shares during the period. Signal Advisors Wealth LLC’s holdings in SEA were worth $1,263,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in SE. Duquesne Family Office LLC bought a new stake in SEA in the 2nd quarter valued at approximately $4,778,000. WCM Investment Management LLC raised its holdings in shares of SEA by 35.9% in the third quarter. WCM Investment Management LLC now owns 20,902,378 shares of the Internet company based in Singapore’s stock valued at $1,971,303,000 after purchasing an additional 5,517,559 shares during the last quarter. Robeco Institutional Asset Management B.V. raised its holdings in shares of SEA by 1.8% in the third quarter. Robeco Institutional Asset Management B.V. now owns 404,096 shares of the Internet company based in Singapore’s stock valued at $38,098,000 after purchasing an additional 7,175 shares during the last quarter. Toronto Dominion Bank lifted its position in shares of SEA by 28.2% in the second quarter. Toronto Dominion Bank now owns 892,969 shares of the Internet company based in Singapore’s stock worth $63,776,000 after purchasing an additional 196,506 shares in the last quarter. Finally, M&T Bank Corp boosted its holdings in SEA by 2,163.9% during the third quarter. M&T Bank Corp now owns 74,505 shares of the Internet company based in Singapore’s stock worth $7,024,000 after purchasing an additional 71,214 shares during the last quarter. Institutional investors and hedge funds own 59.53% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have commented on the stock. Phillip Securities reissued a “reduce” rating and set a $100.00 price target (up from $80.00) on shares of SEA in a research report on Tuesday, November 19th. Wedbush reiterated an “outperform” rating and set a $105.00 target price (up previously from $84.00) on shares of SEA in a report on Monday, November 4th. TD Cowen increased their price target on SEA from $69.00 to $100.00 and gave the company a “hold” rating in a research report on Wednesday, November 13th. Bank of America boosted their price target on SEA from $84.00 to $96.00 and gave the stock a “buy” rating in a research report on Monday, September 23rd. Finally, Dbs Bank raised SEA from a “hold” rating to a “strong-buy” rating in a report on Wednesday, November 13th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, eleven have assigned a buy rating and one has given a strong 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 $91.21.

SEA Stock Performance

NYSE SE opened at $110.18 on Wednesday. The stock has a market cap of $63.06 billion, a PE ratio of 734.53 and a beta of 1.54. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.60 and a current ratio of 1.62. The firm has a 50-day moving average of $109.70 and a 200-day moving average of $91.33. Sea Limited has a 52-week low of $34.35 and a 52-week high of $119.47.

SEA (NYSE:SE) last released its quarterly earnings results on Tuesday, November 12th. The Internet company based in Singapore reported $0.24 earnings per share 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 company had revenue of $4.33 billion during the quarter, compared to the consensus estimate of $4.09 billion. During the same period in the prior year, the company earned ($0.26) earnings per share. The firm’s revenue was up 30.8% compared to the same quarter last year. On average, sell-side analysts anticipate that Sea Limited will post 0.81 EPS for the current year.

SEA 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.