Oppenheimer Asset Management Inc. Has $6.91 Million Position in Sea Limited (NYSE:SE)

Oppenheimer Asset Management Inc. trimmed its holdings in Sea Limited (NYSE:SE) by 8.8% during the third quarter, Holdings Channel reports. The firm owned 73,305 shares of the Internet company based in Singapore’s stock after selling 7,070 shares during the quarter. Oppenheimer Asset Management Inc.’s holdings in SEA were worth $6,911,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Sequoia Financial Advisors LLC boosted its stake in SEA by 6.2% during the third quarter. Sequoia Financial Advisors LLC now owns 3,081 shares of the Internet company based in Singapore’s stock worth $290,000 after acquiring an additional 180 shares in the last quarter. Canton Hathaway LLC boosted its position in shares of SEA by 20.0% during the 2nd quarter. Canton Hathaway LLC now owns 1,200 shares of the Internet company based in Singapore’s stock worth $86,000 after purchasing an additional 200 shares in the last quarter. Rosenberg Matthew Hamilton grew its stake in shares of 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 period. Gulf International Bank UK Ltd increased its position in SEA by 0.7% in the 2nd quarter. Gulf International Bank UK Ltd now owns 28,958 shares of the Internet company based in Singapore’s stock valued at $2,068,000 after buying an additional 213 shares in the last quarter. Finally, Parallel Advisors LLC raised its stake in SEA by 5.2% during the 2nd quarter. Parallel Advisors LLC now owns 5,063 shares of the Internet company based in Singapore’s stock worth $362,000 after buying an additional 250 shares during the period. Institutional investors own 59.53% of the company’s stock.

SEA Stock Performance

SE stock opened at $103.32 on Friday. The business has a 50 day moving average of $93.42 and a 200-day moving average of $79.05. The firm has a market cap of $59.13 billion, a PE ratio of 688.80 and a beta of 1.52. Sea Limited has a 12-month low of $34.35 and a 12-month high of $117.52. The company has a quick ratio of 1.48, a current ratio of 1.62 and a debt-to-equity ratio of 0.36.

SEA (NYSE:SE) last announced its earnings results on Tuesday, November 12th. The Internet company based in Singapore reported $0.24 earnings per share (EPS) 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 analysts’ expectations of $4.09 billion. SEA had a net margin of 0.64% and a return on equity of 1.40%. The company’s revenue for the quarter was up 30.8% compared to the same quarter last year. During the same period in the prior year, the business earned ($0.26) earnings per share. As a group, sell-side analysts expect that Sea Limited will post 0.8 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the company. Bank of America boosted their price objective on SEA from $84.00 to $96.00 and gave the company a “buy” rating in a report on Monday, September 23rd. Citigroup lowered their price objective on shares of SEA from $81.00 to $80.00 and set a “buy” rating on the stock in a report on Tuesday, July 23rd. Barclays boosted their target price on shares of SEA from $94.00 to $131.00 and gave the stock an “overweight” rating in a research report on Thursday. JPMorgan Chase & Co. raised shares of SEA from a “neutral” rating to an “overweight” rating and raised their price target for the company from $66.00 to $90.00 in a research report on Wednesday, August 14th. Finally, Benchmark lifted their price target on SEA from $94.00 to $130.00 and gave the company a “buy” rating in a research note on Wednesday. Three research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $90.54.

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.