Marks Group Wealth Management Inc Acquires 3,493 Shares of Sea Limited (NYSE:SE)

Marks Group Wealth Management Inc boosted its stake in shares of Sea Limited (NYSE:SE) by 93.8% in the third quarter, HoldingsChannel reports. The firm owned 7,217 shares of the Internet company based in Singapore’s stock after purchasing an additional 3,493 shares during the quarter. Marks Group Wealth Management Inc’s holdings in SEA were worth $680,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of SE. Rosenberg Matthew Hamilton grew its stake in SEA by 213.7% in the 3rd quarter. Rosenberg Matthew Hamilton now owns 298 shares of the Internet company based in Singapore’s stock valued at $28,000 after buying an additional 203 shares during the last quarter. SOA Wealth Advisors LLC. bought a new position in shares of SEA during the second quarter worth approximately $32,000. Hexagon Capital Partners LLC lifted 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 worth $47,000 after purchasing an additional 253 shares during the last quarter. Canton Hathaway LLC boosted its stake in SEA by 20.0% in the 2nd quarter. Canton Hathaway LLC now owns 1,200 shares of the Internet company based in Singapore’s stock valued at $86,000 after purchasing an additional 200 shares during the period. Finally, GAMMA Investing LLC grew its holdings in SEA by 69.5% in the 3rd quarter. GAMMA Investing LLC now owns 1,268 shares of the Internet company based in Singapore’s stock valued at $120,000 after buying an additional 520 shares in the last quarter. 59.53% of the stock is currently owned by institutional investors and hedge funds.

SEA Stock Performance

NYSE:SE opened at $95.36 on Thursday. The stock’s 50-day moving average is $90.73 and its 200-day moving average is $77.56. The stock has a market cap of $54.58 billion, a P/E ratio of -272.46 and a beta of 1.52. Sea Limited has a 1-year low of $34.35 and a 1-year high of $101.93. The company has a current ratio of 1.49, a quick ratio of 1.48 and a debt-to-equity ratio of 0.41.

SEA (NYSE:SE) last released its quarterly earnings results on Tuesday, August 13th. The Internet company based in Singapore reported $0.14 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.59 by ($0.45). SEA had a negative net margin of 1.36% and a negative return on equity of 2.92%. The business had revenue of $3.81 billion for the quarter, compared to the consensus estimate of $3.73 billion. During the same period in the previous year, the business posted $0.54 EPS. SEA’s revenue was up 23.0% on a year-over-year basis. Equities research analysts anticipate that Sea Limited will post 0.64 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on SE. Benchmark boosted their target price on shares of SEA from $87.00 to $94.00 and gave the company a “buy” rating in a research report on Wednesday, August 14th. Bank of America increased their price target on SEA from $84.00 to $96.00 and gave the stock a “buy” rating in a research report on Monday, September 23rd. Wedbush reiterated an “outperform” rating and set a $105.00 target price (up from $84.00) on shares of SEA in a research report on Monday. Citigroup decreased their price target on SEA from $81.00 to $80.00 and set a “buy” rating on the stock in a research report on Tuesday, July 23rd. Finally, TD Cowen increased their price objective on shares of SEA from $64.00 to $69.00 and gave the stock a “hold” rating in a research note on Wednesday, August 14th. Three investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $82.54.

SEA Company Profile

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.