Cravens & Co Advisors LLC Sells 726 Shares of Sea Limited (NYSE:SE)

Cravens & Co Advisors LLC decreased its stake in Sea Limited (NYSE:SE) by 8.9% in the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 7,413 shares of the Internet company based in Singapore’s stock after selling 726 shares during the quarter. Cravens & Co Advisors LLC’s holdings in SEA were worth $699,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of SE. Rosenberg Matthew Hamilton raised its holdings in shares of SEA by 213.7% in 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 during the period. SOA Wealth Advisors LLC. purchased a new stake in shares of SEA during the second quarter valued at $32,000. Truvestments Capital LLC bought a new position in shares of SEA in the third quarter worth about $41,000. Hexagon Capital Partners LLC increased its stake in SEA by 63.1% in the 2nd quarter. Hexagon Capital Partners LLC now owns 654 shares of the Internet company based in Singapore’s stock worth $47,000 after buying an additional 253 shares during the period. Finally, Icon Wealth Advisors LLC bought a new stake in SEA during the 3rd quarter valued at about $47,000. Institutional investors own 59.53% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently commented on SE shares. JPMorgan Chase & Co. raised shares of SEA from a “neutral” rating to an “overweight” rating and raised their target price for the stock from $66.00 to $90.00 in a research report on Wednesday, August 14th. Benchmark lifted their price objective on SEA from $94.00 to $130.00 and gave the company a “buy” rating in a report on Wednesday, November 13th. Dbs Bank upgraded shares of SEA from a “hold” rating to a “strong-buy” rating in a report on Wednesday, November 13th. Wedbush restated an “outperform” rating and issued a $105.00 price target (up previously from $84.00) on shares of SEA in a report on Monday, November 4th. Finally, Bank of America upped their price target on shares of SEA from $84.00 to $96.00 and gave the stock a “buy” rating in a research report on Monday, September 23rd. One research 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. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $91.21.

SEA Stock Performance

Shares of SE opened at $113.91 on Wednesday. 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 firm has a market cap of $65.20 billion, a PE ratio of 759.40 and a beta of 1.52. Sea Limited has a 12 month low of $34.35 and a 12 month high of $117.85. The stock has a fifty day moving average price of $98.08 and a 200-day moving average price of $81.55.

SEA (NYSE:SE) last posted its quarterly earnings data 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). SEA had a net margin of 0.64% and a return on equity of 1.40%. The company had revenue of $4.33 billion for the quarter, compared to analyst estimates of $4.09 billion. During the same quarter last year, the company earned ($0.26) EPS. The business’s revenue was up 30.8% compared to the same quarter last year. Equities research analysts predict that Sea Limited will post 0.81 earnings per share for the current fiscal year.

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.