Sea Limited (NYSE:SE) Stock Position Raised by Canvas Wealth Advisors LLC

by · The Cerbat Gem

Canvas Wealth Advisors LLC lifted its position in Sea Limited (NYSE:SE – Free Report) by 108.9% in the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 10,319 shares of the Internet company based in Singapore’s stock after acquiring an additional 5,380 shares during the quarter. Canvas Wealth Advisors LLC’s holdings in SEA were worth $460,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. First Horizon Advisors Inc. lifted its position in shares of SEA by 135.7% in the 1st quarter. First Horizon Advisors Inc. now owns 495 shares of the Internet company based in Singapore’s stock valued at $43,000 after acquiring an additional 285 shares in the last quarter. Geneos Wealth Management Inc. lifted its position in SEA by 204.8% in the 2nd quarter. Geneos Wealth Management Inc. now owns 506 shares of the Internet company based in Singapore’s stock worth $29,000 after buying an additional 340 shares in the last quarter. Laffer Tengler Investments purchased a new stake in SEA in the 1st quarter worth approximately $66,000. Tyler Stone Wealth Management purchased a new stake in SEA in the 2nd quarter worth approximately $33,000. Finally, Pinnacle Holdings LLC purchased a new stake in SEA in the 1st quarter worth approximately $68,000. Hedge funds and other institutional investors own 72.05% of the company’s stock.

SEA Stock Performance

NYSE:SE traded down $1.57 during midday trading on Tuesday, reaching $38.93. The stock had a trading volume of 2,167,649 shares, compared to its average volume of 10,447,570. Sea Limited has a 1-year low of $34.87 and a 1-year high of $88.84. The firm’s fifty day simple moving average is $39.59 and its 200-day simple moving average is $45.87. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.70 and a quick ratio of 1.69. The stock has a market capitalization of $21.99 billion, a P/E ratio of 35.22 and a beta of 1.55.

SEA (NYSE:SE – Get Free Report) last posted its earnings results on Tuesday, November 14th. The Internet company based in Singapore reported ($0.26) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.38). SEA had a net margin of 5.44% and a return on equity of 11.14%. The firm had revenue of $3.31 billion during the quarter, compared to analyst estimates of $3.17 billion. During the same quarter in the previous year, the business posted ($1.02) earnings per share. The business’s quarterly revenue was up 4.9% compared to the same quarter last year. On average, equities research analysts forecast that Sea Limited will post 0.63 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on SE. Morgan Stanley downgraded shares of SEA from an “overweight” rating to an “equal weight” rating in a research report on Monday, December 4th. Wedbush reiterated an “outperform” rating and issued a $48.00 target price on shares of SEA in a research report on Wednesday, September 6th. Finally, Benchmark cut their target price on shares of SEA from $95.00 to $65.00 and set a “buy” rating for the company in a research report on Wednesday, November 15th. Eight research analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $68.29.

Get Our Latest Research Report on SEA

SEA Company Profile

(Free Report)

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 eSports operations.

Recommended Stories