Exchange Traded Concepts LLC Purchases 10,721 Shares of Sea Limited (NYSE:SE)

Exchange Traded Concepts LLC increased its position in Sea Limited (NYSE:SE) by 10.9% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 109,392 shares of the Internet company based in Singapore’s stock after buying an additional 10,721 shares during the quarter. Exchange Traded Concepts LLC’s holdings in SEA were worth $11,606,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also bought and sold shares of SE. Rosenberg Matthew Hamilton grew its stake in shares of SEA by 213.7% during the third 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. Truvestments Capital LLC purchased a new stake in SEA during the 3rd quarter valued at about $41,000. Icon Wealth Advisors LLC bought a new position in SEA during the 3rd quarter worth approximately $47,000. TD Private Client Wealth LLC increased its stake in SEA by 33.7% in the 3rd quarter. TD Private Client Wealth LLC now owns 603 shares of the Internet company based in Singapore’s stock worth $57,000 after purchasing an additional 152 shares during the period. Finally, SOA Wealth Advisors LLC. lifted its position in SEA by 33.3% in the third quarter. SOA Wealth Advisors LLC. now owns 600 shares of the Internet company based in Singapore’s stock valued at $57,000 after purchasing an additional 150 shares during the last quarter. Hedge funds and other institutional investors own 59.53% of the company’s stock.

SEA Stock Performance

Shares of SE stock opened at $116.32 on Friday. Sea Limited has a 12 month low of $38.10 and a 12 month high of $119.47. The company has a current ratio of 1.62, a quick ratio of 1.60 and a debt-to-equity ratio of 0.36. The company’s fifty day moving average price is $112.14 and its 200-day moving average price is $93.46. The stock has a market cap of $66.58 billion, a PE ratio of 776.25 and a beta of 1.54.

SEA (NYSE:SE) last released 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%. SEA’s revenue for the quarter was up 30.8% on a year-over-year basis. During the same quarter in the previous year, the business posted ($0.26) earnings per share. On average, equities analysts expect that Sea Limited will post 0.76 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on SE shares. Barclays raised their target price on shares of SEA from $94.00 to $131.00 and gave the stock an “overweight” rating in a report on Thursday, November 14th. Wedbush restated an “outperform” rating and issued a $105.00 price objective (up previously from $84.00) on shares of SEA in a research report on Monday, November 4th. Phillip Securities reiterated a “reduce” rating and set a $100.00 target price (up from $80.00) on shares of SEA in a report on Tuesday, November 19th. 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 report on Wednesday, November 13th. One 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 company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $91.21.

SEA Profile

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.