Icon Wealth Advisors LLC Purchases Shares of 2,293 Sea Limited (NYSE:SE)

Icon Wealth Advisors LLC acquired a new position in Sea Limited (NYSE:SE) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 2,293 shares of the Internet company based in Singapore’s stock, valued at approximately $216,000.

Other institutional investors also recently made changes to their positions in the company. Rosenberg Matthew Hamilton grew its position in 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 acquiring an additional 203 shares during the last quarter. SOA Wealth Advisors LLC. bought a new position in shares of SEA in the second quarter worth approximately $32,000. Truvestments Capital LLC purchased a new position in shares of SEA in the third quarter worth $41,000. Hexagon Capital Partners LLC raised its holdings in SEA by 63.1% during the 2nd quarter. Hexagon Capital Partners LLC now owns 654 shares of the Internet company based in Singapore’s stock valued at $47,000 after buying an additional 253 shares during the last quarter. Finally, First Horizon Advisors Inc. boosted its position in SEA by 248.3% during the 3rd quarter. First Horizon Advisors Inc. now owns 700 shares of the Internet company based in Singapore’s stock valued at $66,000 after buying an additional 499 shares during the period. Hedge funds and other institutional investors own 59.53% of the company’s stock.

SEA Stock Performance

Shares of SE opened at $113.80 on Friday. Sea Limited has a 52 week low of $34.35 and a 52 week high of $117.85. The company has a quick ratio of 1.60, a current ratio of 1.62 and a debt-to-equity ratio of 0.36. The stock has a market cap of $65.13 billion, a P/E ratio of 758.67 and a beta of 1.52. The business’s 50 day moving average price is $100.60 and its 200-day moving average price is $82.71.

SEA (NYSE:SE) last released its 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 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 revenue was up 30.8% on a year-over-year basis. During the same period in the prior year, the company posted ($0.26) earnings per share. Equities research analysts anticipate that Sea Limited will post 0.81 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several brokerages have recently commented on SE. Dbs Bank raised shares of SEA from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, November 13th. Bank of America increased their price objective on SEA from $84.00 to $96.00 and gave the stock a “buy” rating in a report on Monday, September 23rd. Wedbush reissued an “outperform” rating and set a $105.00 target price (up from $84.00) on shares of SEA in a research note on Monday, November 4th. Benchmark raised their price target on SEA from $94.00 to $130.00 and gave the stock a “buy” rating in a research note on Wednesday, November 13th. Finally, Barclays lifted their price target on shares of SEA from $94.00 to $131.00 and gave the company an “overweight” rating in a report on Thursday, November 14th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, SEA currently has a consensus rating of “Moderate Buy” and an average price target of $91.21.

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.