Sea Limited (NYSE:SE) Shares Sold by DRW Securities LLC

DRW Securities LLC decreased its position in shares of Sea Limited (NYSE:SE) by 13.0% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,552 shares of the Internet company based in Singapore’s stock after selling 381 shares during the period. DRW Securities LLC’s holdings in SEA were worth $241,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Swedbank AB lifted its holdings in SEA by 53.0% during the 3rd quarter. Swedbank AB now owns 143,344 shares of the Internet company based in Singapore’s stock worth $13,514,000 after buying an additional 49,684 shares in the last quarter. Cerity Partners LLC raised its stake in shares of SEA by 128.4% in the third quarter. Cerity Partners LLC now owns 19,842 shares of the Internet company based in Singapore’s stock valued at $1,871,000 after acquiring an additional 11,153 shares in the last quarter. Icon Wealth Advisors LLC purchased a new position in SEA in the third quarter valued at $47,000. Charles Schwab Investment Management Inc. grew its stake in SEA by 9.8% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 271,747 shares of the Internet company based in Singapore’s stock worth $25,620,000 after purchasing an additional 24,216 shares in the last quarter. Finally, First Horizon Advisors Inc. increased its holdings 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 worth $66,000 after purchasing an additional 499 shares during the period. 59.53% of the stock is currently owned by hedge funds and other institutional investors.

SEA Stock Up 1.6 %

SE stock opened at $115.71 on Thursday. The company has a market cap of $66.23 billion, a price-to-earnings ratio of 771.40 and a beta of 1.52. The company has a fifty day moving average price of $98.75 and a 200 day moving average price of $81.90. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.62 and a quick ratio of 1.60. Sea Limited has a 12 month low of $34.35 and a 12 month high of $117.85.

SEA (NYSE:SE) last announced 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). SEA had a net margin of 0.64% and a return on equity of 1.40%. The business had revenue of $4.33 billion during the quarter, compared to analysts’ expectations of $4.09 billion. During the same period in the previous year, the company posted ($0.26) earnings per share. SEA’s quarterly revenue was up 30.8% on a year-over-year basis. Sell-side analysts expect that Sea Limited will post 0.81 earnings per share for the current year.

Analysts Set New Price Targets

SE has been the subject of a number of analyst reports. TD Cowen boosted their price objective on SEA from $69.00 to $100.00 and gave the stock a “hold” rating in a research report on Wednesday, November 13th. Benchmark increased their price objective 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. Barclays lifted their price objective on shares of SEA from $94.00 to $131.00 and gave the stock an “overweight” rating in a research report on Thursday, November 14th. Dbs Bank upgraded SEA from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, November 13th. Finally, Bank of America upped their price objective on SEA from $84.00 to $96.00 and gave the stock a “buy” rating in a research report on Monday, September 23rd. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price 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.