GenTrust LLC Has $4.04 Million Stock Position in Sea Limited (NYSE:SE)

GenTrust LLC lowered its holdings in Sea Limited (NYSE:SE) by 11.7% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 42,842 shares of the Internet company based in Singapore’s stock after selling 5,664 shares during the period. GenTrust LLC’s holdings in SEA were worth $4,039,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in the business. Rosenberg Matthew Hamilton grew its stake in SEA by 213.7% during the third quarter. Rosenberg Matthew Hamilton now owns 298 shares of the Internet company based in Singapore’s stock worth $28,000 after buying an additional 203 shares in the last quarter. SOA Wealth Advisors LLC. bought a new position in SEA in the second quarter valued at approximately $32,000. Icon Wealth Advisors LLC acquired a new position in SEA during the third quarter valued at approximately $47,000. Hexagon Capital Partners LLC lifted its stake in SEA by 63.1% during the second 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. Finally, First Horizon Advisors Inc. boosted its holdings in shares of SEA by 248.3% in the 3rd quarter. First Horizon Advisors Inc. now owns 700 shares of the Internet company based in Singapore’s stock valued at $66,000 after purchasing an additional 499 shares in the last quarter. 59.53% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on SE. Wedbush reissued an “outperform” rating and issued a $105.00 target price (up previously from $84.00) on shares of SEA in a report on Monday, November 4th. Benchmark raised their target price 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. JPMorgan Chase & Co. upgraded SEA from a “neutral” rating to an “overweight” rating and boosted their price objective for the stock from $66.00 to $90.00 in a research report on Wednesday, August 14th. Phillip Securities restated a “reduce” rating and set a $100.00 price target (up from $80.00) on shares of SEA in a report on Tuesday. Finally, Barclays lifted 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, November 14th. One analyst has rated the stock with a sell rating, two have issued a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $91.21.

SEA Stock Down 2.8 %

SEA stock opened at $113.04 on Friday. The firm has a market capitalization of $64.70 billion, a price-to-earnings ratio of 753.60 and a beta of 1.52. The firm’s fifty day moving average price is $96.76 and its two-hundred day moving average price is $80.68. Sea Limited has a 1-year low of $34.35 and a 1-year high of $117.85. 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 (NYSE:SE) last announced its quarterly 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 during the quarter, compared to the consensus estimate of $4.09 billion. SEA had a net margin of 0.64% and a return on equity of 1.40%. SEA’s revenue was up 30.8% compared to the same quarter last year. During the same period in the previous year, the business posted ($0.26) EPS. On average, equities research analysts predict that Sea Limited will post 0.81 earnings per share for the current fiscal year.

SEA 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.