Noesis Capital Mangement Corp Has $3.81 Million Stake in Sea Limited (NYSE:SE)

Noesis Capital Mangement Corp lowered its position in Sea Limited (NYSE:SE) by 1.3% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 93,960 shares of the Internet company based in Singapore’s stock after selling 1,232 shares during the period. Noesis Capital Mangement Corp’s holdings in SEA were worth $3,805,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in SE. Sunbelt Securities Inc. increased its stake in shares of SEA by 91.4% during the 3rd quarter. Sunbelt Securities Inc. now owns 670 shares of the Internet company based in Singapore’s stock worth $29,000 after purchasing an additional 320 shares during the last quarter. UMB Bank n.a. boosted its holdings in SEA by 70.9% in the fourth quarter. UMB Bank n.a. now owns 788 shares of the Internet company based in Singapore’s stock worth $32,000 after purchasing an additional 327 shares in the last quarter. Blue Trust Inc. increased its position in SEA by 152.4% during the fourth quarter. Blue Trust Inc. now owns 843 shares of the Internet company based in Singapore’s stock worth $36,000 after buying an additional 509 shares during the last quarter. EverSource Wealth Advisors LLC raised its holdings in SEA by 90.7% during the third quarter. EverSource Wealth Advisors LLC now owns 1,020 shares of the Internet company based in Singapore’s stock valued at $45,000 after buying an additional 485 shares in the last quarter. Finally, Harvest Fund Management Co. Ltd lifted its position in shares of SEA by 20.2% in the third quarter. Harvest Fund Management Co. Ltd now owns 2,972 shares of the Internet company based in Singapore’s stock worth $131,000 after buying an additional 499 shares during the last quarter. Institutional investors own 59.53% of the company’s stock.

SEA Stock Performance

Shares of SE stock traded up $2.68 during mid-day trading on Friday, reaching $66.66. The stock had a trading volume of 5,615,774 shares, compared to its average volume of 5,984,409. Sea Limited has a one year low of $34.35 and a one year high of $88.39. The firm has a market cap of $37.65 billion, a PE ratio of 277.83 and a beta of 1.43. The firm’s 50 day simple moving average is $56.54 and its 200 day simple moving average is $45.85. The company has a quick ratio of 1.43, a current ratio of 1.44 and a debt-to-equity ratio of 0.46.

SEA (NYSE:SE) last issued its earnings results on Monday, March 4th. The Internet company based in Singapore reported ($0.19) EPS for the quarter, missing the consensus estimate of ($0.06) by ($0.13). The firm had revenue of $3.62 billion during the quarter, compared to the consensus estimate of $3.57 billion. SEA had a return on equity of 2.54% and a net margin of 1.27%. The firm’s revenue for the quarter was up 5.7% compared to the same quarter last year. During the same period last year, the business earned $0.72 earnings per share. On average, analysts forecast that Sea Limited will post 0.75 EPS for the current year.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on SE shares. Daiwa Capital Markets upgraded SEA from a “neutral” rating to a “buy” rating in a report on Friday, February 2nd. Bank of America upgraded shares of SEA from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $62.00 to $70.00 in a research note on Monday, April 22nd. Barclays raised their target price on shares of SEA from $68.00 to $85.00 and gave the company an “overweight” rating in a research note on Friday. JPMorgan Chase & Co. raised shares of SEA from a “neutral” rating to an “overweight” rating and boosted their target price for the stock from $43.00 to $70.00 in a research report on Tuesday, March 5th. Finally, Loop Capital raised SEA from a “hold” rating to a “buy” rating and raised their price target for the company from $59.00 to $92.00 in a research report on Wednesday, April 24th. Three analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to MarketBeat.com, SEA currently has an average rating of “Moderate Buy” and an average target price of $71.21.

SEA Company Profile

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.