Wilmington Savings Fund Society FSB Increases Position in Sea Limited (NYSE:SE)

Wilmington Savings Fund Society FSB boosted its stake in shares of Sea Limited (NYSE:SE) by 23.7% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 3,803 shares of the Internet company based in Singapore’s stock after acquiring an additional 729 shares during the quarter. Wilmington Savings Fund Society FSB’s holdings in SEA were worth $403,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Rosenberg Matthew Hamilton lifted its holdings in SEA by 213.7% in the third quarter. Rosenberg Matthew Hamilton now owns 298 shares of the Internet company based in Singapore’s stock valued at $28,000 after acquiring an additional 203 shares during the period. Truvestments Capital LLC purchased a new position in shares of SEA in the third quarter valued at $41,000. Icon Wealth Advisors LLC acquired a new position in SEA during the third quarter worth about $47,000. Geneos Wealth Management Inc. lifted its stake in SEA by 4,663.6% in the 4th quarter. Geneos Wealth Management Inc. now owns 524 shares of the Internet company based in Singapore’s stock valued at $56,000 after buying an additional 513 shares in the last quarter. Finally, TD Private Client Wealth LLC boosted its stake in shares of SEA by 33.7% during the third quarter. TD Private Client Wealth LLC now owns 603 shares of the Internet company based in Singapore’s stock valued at $57,000 after acquiring an additional 152 shares during the last quarter. 59.53% of the stock is owned by institutional investors and hedge funds.

SEA Trading Up 3.6 %

NYSE SE opened at $129.77 on Wednesday. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.60 and a current ratio of 1.62. Sea Limited has a one year low of $41.60 and a one year high of $129.90. The company’s 50 day moving average price is $114.49 and its 200 day moving average price is $98.59. The firm has a market capitalization of $74.27 billion, a price-to-earnings ratio of 865.14 and a beta of 1.55.

SEA (NYSE:SE) last posted its 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 business had revenue of $4.33 billion for the quarter, compared to analyst estimates of $4.09 billion. SEA had a net margin of 0.64% and a return on equity of 1.40%. The business’s revenue was up 30.8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted ($0.26) EPS. On average, sell-side analysts predict that Sea Limited will post 0.8 EPS for the current year.

Analysts Set New Price Targets

SE has been the subject of a number of recent research reports. Phillip Securities reiterated a “reduce” rating and set a $100.00 price target (up from $80.00) on shares of SEA in a report on Tuesday, November 19th. Benchmark boosted their price target on SEA from $94.00 to $130.00 and gave the company a “buy” rating in a report on Wednesday, November 13th. Wedbush reiterated an “outperform” rating and issued a $105.00 price target (up from $84.00) on shares of SEA in a report on Monday, November 4th. 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. Finally, Dbs Bank upgraded SEA from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, November 13th. One analyst has rated the stock with a sell rating, two have issued a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average 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.