Apollon Wealth Management LLC Purchases 2,763 Shares of Sea Limited (NYSE:SE)

Apollon Wealth Management LLC raised its position in shares of Sea Limited (NYSE:SE) by 9.0% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 33,342 shares of the Internet company based in Singapore’s stock after acquiring an additional 2,763 shares during the period. Apollon Wealth Management LLC’s holdings in SEA were worth $3,143,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in SE. Rosenberg Matthew Hamilton boosted its stake in SEA by 213.7% during the 3rd quarter. Rosenberg Matthew Hamilton now owns 298 shares of the Internet company based in Singapore’s stock valued at $28,000 after purchasing an additional 203 shares during the period. SOA Wealth Advisors LLC. bought a new position in SEA during the second quarter worth $32,000. Hexagon Capital Partners LLC raised its stake 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 valued at $47,000 after purchasing an additional 253 shares during the last quarter. Canton Hathaway LLC boosted its holdings 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, Advisors Asset Management Inc. grew its position in SEA by 34.5% in the 1st quarter. Advisors Asset Management Inc. now owns 1,825 shares of the Internet company based in Singapore’s stock worth $98,000 after purchasing an additional 468 shares during the last quarter. 59.53% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

SE has been the subject of a number of research analyst reports. JPMorgan Chase & Co. raised shares of SEA from a “neutral” rating to an “overweight” rating and upped their price objective for the company from $66.00 to $90.00 in a research report on Wednesday, August 14th. TD Cowen raised their price objective on SEA from $64.00 to $69.00 and gave the stock a “hold” rating in a research report on Wednesday, August 14th. Benchmark boosted their price objective on SEA from $87.00 to $94.00 and gave the company a “buy” rating in a research report on Wednesday, August 14th. Citigroup reduced their target price on SEA from $81.00 to $80.00 and set a “buy” rating for the company in a research report on Tuesday, July 23rd. Finally, Barclays lifted their price target on shares of SEA from $87.00 to $94.00 and gave the stock an “overweight” rating in a research note on Thursday, August 15th. Three equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $82.54.

SEA Stock Up 10.5 %

Shares of SEA stock opened at $107.67 on Wednesday. The firm’s 50-day moving average price is $92.39 and its two-hundred day moving average price is $78.69. The company has a quick ratio of 1.48, a current ratio of 1.49 and a debt-to-equity ratio of 0.41. Sea Limited has a 1-year low of $34.35 and a 1-year high of $117.52.

SEA (NYSE:SE) last released its quarterly earnings results on Tuesday, August 13th. The Internet company based in Singapore reported $0.14 EPS for the quarter, missing analysts’ consensus estimates of $0.59 by ($0.45). The business had revenue of $3.81 billion for the quarter, compared to the consensus estimate of $3.73 billion. SEA had a negative return on equity of 2.92% and a negative net margin of 1.36%. The firm’s revenue was up 23.0% on a year-over-year basis. During the same quarter last year, the company earned $0.54 earnings per share. On average, sell-side analysts expect that Sea Limited will post 0.77 EPS for the current year.

About SEA

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.