Duncan Williams Asset Management LLC Acquires Shares of 1,308 Sea Limited Sponsored ADR $SE

Duncan Williams Asset Management LLC bought a new position in shares of Sea Limited Sponsored ADR (NYSE:SE) in the 2nd quarter, Holdings Channel.com reports. The institutional investor bought 1,308 shares of the Internet company based in Singapore’s stock, valued at approximately $209,000.

Other institutional investors have also made changes to their positions in the company. SOA Wealth Advisors LLC. boosted its position in SEA by 13.3% during the first quarter. SOA Wealth Advisors LLC. now owns 850 shares of the Internet company based in Singapore’s stock worth $111,000 after purchasing an additional 100 shares during the period. Baldwin Wealth Partners LLC MA acquired a new stake in shares of SEA during the 1st quarter worth about $208,000. Portside Wealth Group LLC lifted its stake in shares of SEA by 34.3% during the 1st quarter. Portside Wealth Group LLC now owns 5,775 shares of the Internet company based in Singapore’s stock worth $754,000 after buying an additional 1,475 shares during the last quarter. Farther Finance Advisors LLC boosted its holdings in shares of SEA by 241.0% during the 1st quarter. Farther Finance Advisors LLC now owns 1,255 shares of the Internet company based in Singapore’s stock worth $166,000 after buying an additional 887 shares during the period. Finally, Cetera Trust Company N.A acquired a new position in SEA in the 1st quarter valued at about $192,000. 59.53% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on SE shares. Wedbush raised their price objective on shares of SEA from $170.00 to $200.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 13th. Barclays lifted their price target on SEA from $200.00 to $214.00 and gave the stock an “overweight” rating in a report on Thursday, August 14th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of SEA in a report on Saturday, September 27th. Macquarie reiterated an “outperform” rating and set a $219.90 price objective (up previously from $178.20) on shares of SEA in a research report on Tuesday, August 12th. Finally, Arete cut shares of SEA from a “buy” rating to a “neutral” rating and set a $177.00 target price for the company. in a research report on Wednesday, September 3rd. One research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $176.85.

SEA Price Performance

Shares of NYSE SE opened at $189.89 on Tuesday. The business has a fifty day moving average price of $178.85 and a two-hundred day moving average price of $157.12. The stock has a market capitalization of $111.87 billion, a PE ratio of 98.39 and a beta of 1.54. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.55 and a quick ratio of 1.54. Sea Limited Sponsored ADR has a fifty-two week low of $92.50 and a fifty-two week high of $199.30.

SEA (NYSE:SE) last issued its quarterly earnings results on Tuesday, August 12th. The Internet company based in Singapore reported $0.65 EPS for the quarter, missing analysts’ consensus estimates of $1.03 by ($0.38). The company had revenue of $5.26 billion during the quarter, compared to the consensus estimate of $5 billion. SEA had a return on equity of 13.66% and a net margin of 6.23%.The firm’s revenue for the quarter was up 38.2% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.14 EPS. As a group, equities analysts predict that Sea Limited Sponsored ADR will post 0.74 earnings per share for the current fiscal year.

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.