Petra Financial Advisors Inc. Acquires New Shares in Sea Limited Sponsored ADR (NYSE:SE)

Petra Financial Advisors Inc. acquired a new stake in Sea Limited Sponsored ADR (NYSE:SE) in the first quarter, HoldingsChannel.com reports. The institutional investor acquired 1,888 shares of the Internet company based in Singapore’s stock, valued at approximately $246,000.

A number of other large investors have also made changes to their positions in SE. State of Wyoming raised its position in SEA by 3.1% in the 4th quarter. State of Wyoming now owns 3,010 shares of the Internet company based in Singapore’s stock valued at $319,000 after buying an additional 90 shares during the last quarter. Blue Trust Inc. raised its position in SEA by 4.8% in the 1st quarter. Blue Trust Inc. now owns 2,043 shares of the Internet company based in Singapore’s stock valued at $267,000 after buying an additional 93 shares during the last quarter. SOA Wealth Advisors LLC. raised its position in SEA by 13.3% in the 1st quarter. SOA Wealth Advisors LLC. now owns 850 shares of the Internet company based in Singapore’s stock valued at $111,000 after buying an additional 100 shares during the last quarter. Covenant Partners LLC raised its position in SEA by 2.4% in the 4th quarter. Covenant Partners LLC now owns 4,248 shares of the Internet company based in Singapore’s stock valued at $451,000 after buying an additional 101 shares during the last quarter. Finally, Farther Finance Advisors LLC raised its position in SEA by 43.8% in the 4th quarter. Farther Finance Advisors LLC now owns 368 shares of the Internet company based in Singapore’s stock valued at $39,000 after buying an additional 112 shares during the last quarter. Institutional investors own 59.53% of the company’s stock.

SEA Stock Down 1.4%

SE stock opened at $153.49 on Friday. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.51 and a quick ratio of 1.49. The stock has a market capitalization of $90.42 billion, a price-to-earnings ratio of 108.09 and a beta of 1.64. The business’s fifty day moving average price is $148.25 and its two-hundred day moving average price is $130.05. Sea Limited Sponsored ADR has a fifty-two week low of $55.00 and a fifty-two week high of $172.65.

SEA (NYSE:SE) last issued its quarterly earnings results on Tuesday, May 13th. The Internet company based in Singapore reported $0.65 EPS for the quarter, missing analysts’ consensus estimates of $0.93 by ($0.28). SEA had a return on equity of 10.74% and a net margin of 4.87%. The company had revenue of $4.84 billion during the quarter, compared to the consensus estimate of $4.90 billion. During the same quarter in the previous year, the business posted ($0.04) EPS. The firm’s revenue for the quarter was up 29.6% on a year-over-year basis. On average, equities analysts anticipate that Sea Limited Sponsored ADR will post 0.74 earnings per share for the current year.

Analyst Upgrades and Downgrades

SE has been the topic of a number of analyst reports. UBS Group upped their price objective on SEA from $135.00 to $176.00 and gave the stock a “buy” rating in a research note on Friday, March 7th. Arete Research upgraded SEA to a “strong-buy” rating in a research note on Sunday, March 23rd. Wall Street Zen upgraded SEA from a “hold” rating to a “buy” rating in a research note on Saturday, June 14th. Phillip Securities upgraded SEA from a “moderate sell” rating to a “hold” rating in a research note on Friday, March 7th. Finally, Jefferies Financial Group upped their price objective on SEA from $131.00 to $157.00 and gave the stock a “buy” rating in a research note on Tuesday, March 4th. Three research analysts have rated the stock with a hold rating, ten have issued a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $147.15.

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.