Pinnacle Wealth Planning Services Inc. Has $883,000 Position in Sea Limited Sponsored ADR $SE

Pinnacle Wealth Planning Services Inc. lifted its stake in shares of Sea Limited Sponsored ADR (NYSE:SE) by 16.2% in the second quarter, according to the company in its most recent filing with the SEC. The fund owned 5,522 shares of the Internet company based in Singapore’s stock after buying an additional 771 shares during the quarter. Pinnacle Wealth Planning Services Inc.’s holdings in SEA were worth $883,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Smithfield Trust Co bought a new position in SEA in the 1st quarter valued at about $25,000. ORG Partners LLC boosted its holdings in shares of SEA by 552.0% during the second quarter. ORG Partners LLC now owns 163 shares of the Internet company based in Singapore’s stock worth $25,000 after acquiring an additional 138 shares during the period. Cullen Frost Bankers Inc. acquired a new position in shares of SEA in the first quarter valued at approximately $34,000. Stone House Investment Management LLC bought a new position in shares of SEA during the first quarter worth approximately $39,000. Finally, Manchester Capital Management LLC increased its stake in shares of SEA by 98.6% during the first quarter. Manchester Capital Management LLC now owns 832 shares of the Internet company based in Singapore’s stock worth $109,000 after purchasing an additional 413 shares during the period. Institutional investors own 59.53% of the company’s stock.

SEA Stock Performance

SE opened at $145.90 on Tuesday. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.42 and a current ratio of 1.44. Sea Limited Sponsored ADR has a 52-week low of $99.50 and a 52-week high of $199.30. The firm has a market cap of $85.95 billion, a P/E ratio of 63.99 and a beta of 1.55. The business’s fifty day moving average is $171.99 and its 200-day moving average is $165.44.

SEA (NYSE:SE) last posted its quarterly earnings data on Tuesday, November 11th. The Internet company based in Singapore reported $0.59 earnings per share for the quarter, missing the consensus estimate of $1.11 by ($0.52). The firm had revenue of $5.99 billion for the quarter, compared to the consensus estimate of $5.63 billion. SEA had a return on equity of 15.19% and a net margin of 6.80%.The company’s revenue for the quarter was up 38.3% compared to the same quarter last year. During the same period in the prior year, the company earned $0.24 EPS. Sell-side analysts expect that Sea Limited Sponsored ADR will post 0.74 EPS for the current fiscal year.

SEA announced that its Board of Directors has authorized a share buyback program on Monday, November 17th that permits the company to buyback $0.00 in shares. This buyback authorization permits the Internet company based in Singapore to reacquire shares of its stock through open market purchases. Shares buyback programs are generally an indication that the company’s management believes its stock is undervalued.

Analysts Set New Price Targets

SE has been the subject of several recent research reports. Sanford C. Bernstein reduced their price target on SEA from $210.00 to $185.00 and set an “outperform” rating for the company in a research note on Thursday, October 23rd. Bank of America raised SEA from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $206.00 to $215.00 in a report on Thursday, October 16th. TD Cowen decreased their price target on shares of SEA from $165.00 to $144.00 and set a “hold” rating on the stock in a research note on Monday, November 10th. Zacks Research lowered shares of SEA from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, November 11th. Finally, Barclays lifted their price objective on shares of SEA from $214.00 to $226.00 and gave the stock an “overweight” rating in a research note on Thursday, November 13th. Ten investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $187.39.

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.