Noesis Capital Mangement Corp Sells 948 Shares of Sea Limited (NYSE:SE)

Noesis Capital Mangement Corp lessened its stake in Sea Limited (NYSE:SE) by 1.1% during the third quarter, Holdings Channel reports. The firm owned 88,097 shares of the Internet company based in Singapore’s stock after selling 948 shares during the period. SEA makes up approximately 1.6% of Noesis Capital Mangement Corp’s portfolio, making the stock its 25th largest position. Noesis Capital Mangement Corp’s holdings in SEA were worth $8,306,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of SE. Public Sector Pension Investment Board raised its holdings in shares of SEA by 24.8% in the third quarter. Public Sector Pension Investment Board now owns 191,807 shares of the Internet company based in Singapore’s stock valued at $18,084,000 after purchasing an additional 38,100 shares during the last quarter. Beaconlight Capital LLC bought a new stake in SEA in the 3rd quarter worth about $2,251,000. BNP Paribas increased its stake in SEA by 103.8% in the 3rd quarter. BNP Paribas now owns 17,332 shares of the Internet company based in Singapore’s stock valued at $1,634,000 after buying an additional 8,829 shares during the last quarter. Glenmede Trust Co. NA increased its stake in SEA by 590.1% in the 3rd quarter. Glenmede Trust Co. NA now owns 23,319 shares of the Internet company based in Singapore’s stock valued at $2,199,000 after buying an additional 19,940 shares during the last quarter. Finally, Bridgewater Associates LP lifted its position in shares of SEA by 430.8% during the 3rd quarter. Bridgewater Associates LP now owns 298,384 shares of the Internet company based in Singapore’s stock worth $28,132,000 after buying an additional 242,169 shares in the last quarter. Hedge funds and other institutional investors own 59.53% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on SE. Phillip Securities reaffirmed a “reduce” rating and issued a $100.00 target price (up from $80.00) on shares of SEA in a report on Tuesday, November 19th. Barclays upped their price objective on SEA from $94.00 to $131.00 and gave the company an “overweight” rating in a research note on Thursday, November 14th. Benchmark raised their price objective on shares of SEA from $94.00 to $130.00 and gave the stock a “buy” rating in a report on Wednesday, November 13th. Bank of America boosted their target price on shares of SEA from $84.00 to $96.00 and gave the company a “buy” rating in a research note on Monday, September 23rd. Finally, TD Cowen raised their price target on shares of SEA from $69.00 to $100.00 and gave the stock a “hold” rating in a research note on Wednesday, November 13th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $91.21.

SEA Stock Performance

NYSE:SE opened at $115.71 on Thursday. Sea Limited has a 52-week low of $34.35 and a 52-week high of $117.85. The business’s fifty day moving average is $98.75 and its 200 day moving average is $81.90. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.60 and a current ratio of 1.62. The firm has a market cap of $66.23 billion, a price-to-earnings ratio of 771.40 and a beta of 1.52.

SEA (NYSE:SE) last released its quarterly earnings data on Tuesday, November 12th. The Internet company based in Singapore reported $0.24 EPS for the quarter, missing analysts’ consensus estimates of $0.59 by ($0.35). SEA had a net margin of 0.64% and a return on equity of 1.40%. The firm had revenue of $4.33 billion during the quarter, compared to the consensus estimate of $4.09 billion. During the same quarter last year, the business posted ($0.26) earnings per share. SEA’s revenue was up 30.8% compared to the same quarter last year. Research analysts predict that Sea Limited will post 0.81 EPS for the current 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.