Capital Advisors Inc. OK Acquires 65,868 Shares of Sea Limited (NYSE:SE)

Capital Advisors Inc. OK grew its holdings in shares of Sea Limited (NYSE:SE) by 34.5% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 256,722 shares of the Internet company based in Singapore’s stock after buying an additional 65,868 shares during the period. Capital Advisors Inc. OK’s holdings in SEA were worth $27,238,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of the business. Baillie Gifford & Co. grew its stake in shares of SEA by 15.5% during the third quarter. Baillie Gifford & Co. now owns 39,564,018 shares of the Internet company based in Singapore’s stock valued at $3,730,096,000 after buying an additional 5,295,590 shares during the last quarter. WCM Investment Management LLC boosted its holdings in shares of SEA by 22.8% in the fourth quarter. WCM Investment Management LLC now owns 25,663,667 shares of the Internet company based in Singapore’s stock valued at $2,758,331,000 after purchasing an additional 4,761,289 shares during the period. Kaizen Investment Management Pte. Ltd. purchased a new stake in shares of SEA in the third quarter valued at approximately $587,544,000. Geode Capital Management LLC boosted its holdings in shares of SEA by 4.2% in the third quarter. Geode Capital Management LLC now owns 3,059,521 shares of the Internet company based in Singapore’s stock valued at $283,543,000 after purchasing an additional 124,433 shares during the period. Finally, Perpetual Ltd boosted its holdings in shares of SEA by 3,033.0% in the fourth quarter. Perpetual Ltd now owns 2,098,003 shares of the Internet company based in Singapore’s stock valued at $222,598,000 after purchasing an additional 2,031,038 shares during the period. Institutional investors own 59.53% of the company’s stock.

SEA Stock Performance

Shares of SE stock opened at $129.77 on Wednesday. The business’s fifty day simple moving average is $114.49 and its 200-day simple moving average is $98.59. The company has a market cap of $74.27 billion, a PE ratio of 865.14 and a beta of 1.55. The company has a current ratio of 1.62, a quick ratio of 1.60 and a debt-to-equity ratio of 0.36. Sea Limited has a 12-month low of $41.60 and a 12-month high of $129.90.

SEA (NYSE:SE) last issued its quarterly earnings results on Tuesday, November 12th. The Internet company based in Singapore reported $0.24 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.59 by ($0.35). SEA had a return on equity of 1.40% and a net margin of 0.64%. The business had revenue of $4.33 billion for the quarter, compared to analyst estimates of $4.09 billion. During the same period in the previous year, the company posted ($0.26) earnings per share. The business’s revenue for the quarter was up 30.8% on a year-over-year basis. Analysts expect that Sea Limited will post 0.8 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on SE. Phillip Securities reiterated a “reduce” rating and issued a $100.00 price target (up previously from $80.00) on shares of SEA in a report on Tuesday, November 19th. TD Cowen boosted 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. Dbs Bank upgraded SEA from a “hold” rating to a “strong-buy” rating in a report on Wednesday, November 13th. Wedbush restated 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. Finally, Benchmark upped their target price on SEA from $94.00 to $130.00 and gave the stock a “buy” rating in a report on Wednesday, November 13th. One analyst has rated the stock with a sell rating, two have assigned a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $91.21.

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.