Vident Advisory LLC Sells 478 Shares of Sea Limited (NYSE:SE)

Vident Advisory LLC cut its stake in shares of Sea Limited (NYSE:SE) by 1.3% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 37,713 shares of the Internet company based in Singapore’s stock after selling 478 shares during the quarter. Vident Advisory LLC’s holdings in SEA were worth $4,001,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in SE. Assenagon Asset Management S.A. bought a new stake in shares of SEA during the 4th quarter valued at approximately $463,000. Ritholtz Wealth Management boosted its position in SEA by 2.7% during the 4th quarter. Ritholtz Wealth Management now owns 6,458 shares of the Internet company based in Singapore’s stock worth $685,000 after buying an additional 170 shares during the period. Merit Financial Group LLC acquired a new stake in SEA during the 4th quarter worth approximately $315,000. Arkadios Wealth Advisors boosted its position in SEA by 60.9% during the 4th quarter. Arkadios Wealth Advisors now owns 3,927 shares of the Internet company based in Singapore’s stock worth $417,000 after buying an additional 1,487 shares during the period. Finally, Aaron Wealth Advisors LLC boosted its position in SEA by 10.3% during the 4th quarter. Aaron Wealth Advisors LLC now owns 2,859 shares of the Internet company based in Singapore’s stock worth $303,000 after buying an additional 268 shares during the period. 59.53% of the stock is owned by institutional investors.

SEA Stock Down 0.2%

Shares of NYSE SE opened at $162.44 on Wednesday. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.60 and a current ratio of 1.62. Sea Limited has a 52-week low of $55.00 and a 52-week high of $165.31. The company’s 50 day moving average price is $130.74 and its 200-day moving average price is $121.60. The company has a market capitalization of $95.70 billion, a P/E ratio of 1,082.93 and a beta of 1.70.

SEA (NYSE:SE) last released its earnings results on Tuesday, May 13th. The Internet company based in Singapore reported $0.65 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.93 by ($0.28). SEA had a net margin of 0.64% and a return on equity of 1.40%. The company had revenue of $4.84 billion for the quarter, compared to analyst estimates of $4.90 billion. During the same quarter in the previous year, the firm earned ($0.04) EPS. The firm’s revenue was up 29.6% on a year-over-year basis. Equities analysts forecast that Sea Limited will post 0.74 earnings per share for the current year.

Analyst Ratings Changes

Several research firms recently commented on SE. Loop Capital lifted their target price on shares of SEA from $135.00 to $165.00 and gave the stock a “buy” rating in a research report on Monday, March 31st. Benchmark lifted their target price on shares of SEA from $150.00 to $180.00 and gave the stock a “buy” rating in a research report on Wednesday, May 14th. UBS Group lifted their target price on shares of SEA from $135.00 to $176.00 and gave the stock a “buy” rating in a research report on Friday, March 7th. Jefferies Financial Group lifted their target price on shares of SEA from $131.00 to $157.00 and gave the stock a “buy” rating in a research report on Tuesday, March 4th. Finally, Bank of America downgraded shares of SEA from a “buy” rating to a “neutral” rating and set a $160.00 target price on the stock. in a research report on Friday, May 9th. Three analysts have rated the stock with a hold rating, nine have given a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat.com, SEA currently has an average rating of “Moderate Buy” and an average target price of $145.23.

About SEA

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.