Net Worth Advisory Group Purchases Shares of 1,545 Sea Limited (NYSE:SE)

Net Worth Advisory Group acquired a new position in Sea Limited (NYSE:SE) in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 1,545 shares of the Internet company based in Singapore’s stock, valued at approximately $202,000.

A number of other institutional investors have also added to or reduced their stakes in the stock. Fifth Third Bancorp grew its holdings in shares of SEA by 464.3% in the first quarter. Fifth Third Bancorp now owns 237 shares of the Internet company based in Singapore’s stock valued at $31,000 after purchasing an additional 195 shares in the last quarter. Simon Quick Advisors LLC purchased a new stake in SEA during the 1st quarter valued at $327,000. CX Institutional purchased a new stake in shares of SEA in the first quarter valued at $131,000. Assenagon Asset Management S.A. lifted its holdings in shares of SEA by 10.9% in the 1st quarter. Assenagon Asset Management S.A. now owns 4,839 shares of the Internet company based in Singapore’s stock worth $631,000 after acquiring an additional 476 shares during the last quarter. Finally, Moseley Investment Management Inc. boosted its stake in shares of SEA by 5.1% during the 1st quarter. Moseley Investment Management Inc. now owns 4,069 shares of the Internet company based in Singapore’s stock worth $531,000 after purchasing an additional 199 shares during the period. 59.53% of the stock is owned by hedge funds and other institutional investors.

SEA Stock Down 0.1%

Shares of NYSE SE opened at $154.47 on Friday. The company has a market capitalization of $91.00 billion, a P/E ratio of 1,029.79 and a beta of 1.64. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.62 and a quick ratio of 1.60. The company has a 50 day simple moving average of $144.15 and a 200-day simple moving average of $128.62. Sea Limited has a 1 year low of $55.00 and a 1 year high of $172.65.

SEA (NYSE:SE) last issued its quarterly earnings data on Tuesday, May 13th. The Internet company based in Singapore reported $0.65 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.93 by ($0.28). SEA had a net margin of 0.64% and a return on equity of 1.40%. The company had revenue of $4.84 billion during the quarter, compared to analysts’ expectations of $4.90 billion. During the same quarter last year, the firm posted ($0.04) earnings per share. The firm’s quarterly revenue was up 29.6% on a year-over-year basis. On average, equities research analysts predict that Sea Limited will post 0.74 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on SE shares. Wedbush reiterated an “outperform” rating on shares of SEA in a report on Wednesday, May 14th. Phillip Securities raised shares of SEA from a “moderate sell” rating to a “hold” rating in a research note on Friday, March 7th. Benchmark upped their price target on shares of SEA from $150.00 to $180.00 and gave the stock a “buy” rating in a research report on Wednesday, May 14th. Wall Street Zen upgraded SEA from a “hold” rating to a “buy” rating in a research note on Saturday. Finally, Barclays lifted their price objective on shares of SEA from $182.00 to $200.00 and gave the stock an “overweight” rating in a research report on Thursday, May 15th. Three equities research analysts have rated the stock with a hold rating, ten have assigned a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, SEA currently has an average rating of “Moderate Buy” and an average target price of $147.15.

SEA Company 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.