Choreo LLC Raises Holdings in Sea Limited (NYSE:SE)

Choreo LLC grew its position in Sea Limited (NYSE:SE) by 2.6% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 16,969 shares of the Internet company based in Singapore’s stock after buying an additional 434 shares during the quarter. Choreo LLC’s holdings in SEA were worth $1,822,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in the company. 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 worth $28,000 after purchasing an additional 203 shares during the last quarter. Truvestments Capital LLC purchased a new stake in shares of SEA during the 3rd quarter worth $41,000. Icon Wealth Advisors LLC purchased a new stake in shares of SEA during the 3rd quarter worth $47,000. Geneos Wealth Management Inc. lifted its stake in shares of 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 worth $56,000 after purchasing an additional 513 shares during the last quarter. Finally, SOA Wealth Advisors LLC. increased its position 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 buying an additional 150 shares in the last quarter. 59.53% of the stock is currently owned by hedge funds and other institutional investors.

SEA Stock Up 0.3 %

Shares of SE stock opened at $123.00 on Friday. The stock has a 50 day moving average of $113.78 and a 200 day moving average of $96.88. The company has a current ratio of 1.62, a quick ratio of 1.60 and a debt-to-equity ratio of 0.36. The stock has a market cap of $70.40 billion, a P/E ratio of 820.01 and a beta of 1.55. Sea Limited has a twelve month low of $41.60 and a twelve month high of $126.35.

SEA (NYSE:SE) last announced 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). The company had revenue of $4.33 billion for the quarter, compared to analysts’ expectations of $4.09 billion. SEA had a net margin of 0.64% and a return on equity of 1.40%. The firm’s revenue was up 30.8% compared to the same quarter last year. During the same quarter in the prior year, the business posted ($0.26) earnings per share. As a group, sell-side analysts expect that Sea Limited will post 0.8 EPS for the current year.

Analyst Ratings Changes

Several research analysts recently issued reports on SE shares. Barclays upped their target price on SEA from $94.00 to $131.00 and gave the company an “overweight” rating in a research report on Thursday, November 14th. Wedbush reaffirmed an “outperform” rating and set a $105.00 target price (up from $84.00) on shares of SEA in a research report on Monday, November 4th. Benchmark upped their target price on SEA from $94.00 to $130.00 and gave the company a “buy” rating in a research report on Wednesday, November 13th. Phillip Securities reaffirmed a “reduce” rating and set a $100.00 target price (up from $80.00) on shares of SEA in a research report on Tuesday, November 19th. Finally, TD Cowen upped their target price on SEA from $69.00 to $100.00 and gave the company a “hold” rating in a research report on Wednesday, November 13th. One 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 assigned a strong buy rating to the company’s stock. According to MarketBeat, SEA currently has an average rating of “Moderate Buy” and a consensus price target of $91.21.

About SEA

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.