Mount Yale Investment Advisors LLC Makes New Investment in Sea Limited (NYSE:SE)

Mount Yale Investment Advisors LLC purchased a new stake in Sea Limited (NYSE:SE) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 24,563 shares of the Internet company based in Singapore’s stock, valued at approximately $2,316,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. SOA Wealth Advisors LLC. acquired a new position in SEA in the second quarter valued at $32,000. Hexagon Capital Partners LLC grew its holdings in shares of 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 worth $47,000 after purchasing an additional 253 shares during the period. Canton Hathaway LLC grew its holdings in shares of SEA by 20.0% during the 2nd quarter. Canton Hathaway LLC now owns 1,200 shares of the Internet company based in Singapore’s stock worth $86,000 after purchasing an additional 200 shares during the period. Advisors Asset Management Inc. grew its holdings in shares of SEA by 34.5% during 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 period. Finally, Point72 DIFC Ltd acquired a new stake in SEA during the 2nd quarter worth approximately $100,000. Hedge funds and other institutional investors own 59.53% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on SE shares. Citigroup dropped their price objective on shares of SEA from $81.00 to $80.00 and set a “buy” rating for the company in a research report on Tuesday, July 23rd. TD Cowen increased their target price on SEA from $64.00 to $69.00 and gave the company a “hold” rating in a research note on Wednesday, August 14th. JPMorgan Chase & Co. raised SEA from a “neutral” rating to an “overweight” rating and boosted their price target for the stock from $66.00 to $90.00 in a research report on Wednesday, August 14th. Dbs Bank reiterated a “hold” rating and set a $75.00 price objective on shares of SEA in a research note on Friday, June 28th. Finally, Wedbush restated an “outperform” rating and issued a $84.00 target price (up from $76.00) on shares of SEA in a research note on Tuesday, August 13th. Three analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $80.92.

SEA Stock Up 1.1 %

Shares of SEA stock opened at $100.53 on Friday. The stock has a market capitalization of $57.54 billion, a price-to-earnings ratio of 2,010.60 and a beta of 1.52. Sea Limited has a twelve month low of $34.35 and a twelve month high of $101.60. The company has a current ratio of 1.49, a quick ratio of 1.48 and a debt-to-equity ratio of 0.41. The business’s 50 day simple moving average is $88.16 and its 200-day simple moving average is $74.86.

SEA (NYSE:SE) last issued its earnings results on Tuesday, August 13th. The Internet company based in Singapore reported $0.14 earnings per share for the quarter, missing the consensus estimate of $0.59 by ($0.45). The company had revenue of $3.81 billion during the quarter, compared to analyst estimates of $3.73 billion. SEA had a negative return on equity of 2.92% and a negative net margin of 1.36%. SEA’s quarterly revenue was up 23.0% on a year-over-year basis. During the same period in the prior year, the business earned $0.54 earnings per share. Equities research analysts forecast that Sea Limited will post 0.64 earnings per share 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.