Daiwa Securities Group Inc. Boosts Stake in Sea Limited (NYSE:SE)

Daiwa Securities Group Inc. grew its stake in shares of Sea Limited (NYSE:SE) by 35.6% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 35,047 shares of the Internet company based in Singapore’s stock after buying an additional 9,200 shares during the period. Daiwa Securities Group Inc.’s holdings in SEA were worth $2,503,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of the stock. SOA Wealth Advisors LLC. purchased a new position in shares of SEA during the second quarter valued at approximately $32,000. GAMMA Investing LLC raised its holdings in SEA by 121.3% in the 1st quarter. GAMMA Investing LLC now owns 613 shares of the Internet company based in Singapore’s stock valued at $33,000 after acquiring an additional 336 shares during the last quarter. Hexagon Capital Partners LLC lifted its stake 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. EverSource Wealth Advisors LLC boosted its holdings in shares of SEA by 38.6% during the fourth quarter. EverSource Wealth Advisors LLC now owns 1,414 shares of the Internet company based in Singapore’s stock worth $57,000 after purchasing an additional 394 shares during the last quarter. Finally, Lindbrook Capital LLC grew its position in shares of SEA by 78.8% in the first quarter. Lindbrook Capital LLC now owns 1,198 shares of the Internet company based in Singapore’s stock valued at $64,000 after purchasing an additional 528 shares during the period. Hedge funds and other institutional investors own 59.53% of the company’s stock.

SEA Price Performance

Shares of NYSE SE opened at $81.18 on Friday. The company has a market capitalization of $46.46 billion, a price-to-earnings ratio of 1,623.60 and a beta of 1.51. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.49 and a quick ratio of 1.48. Sea Limited has a 1-year low of $34.35 and a 1-year high of $83.69. The business has a 50-day moving average of $72.82 and a 200-day moving average of $66.71.

SEA (NYSE:SE) last released its quarterly earnings results on Tuesday, August 13th. The Internet company based in Singapore reported $0.14 earnings per share for the quarter, missing analysts’ consensus estimates of $0.59 by ($0.45). SEA had a negative return on equity of 2.92% and a negative net margin of 1.36%. The company had revenue of $3.81 billion during the quarter, compared to analysts’ expectations of $3.73 billion. During the same quarter in the prior year, the company earned $0.54 EPS. The firm’s revenue was up 23.0% compared to the same quarter last year. On average, equities analysts anticipate that Sea Limited will post 0.64 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on SE. Dbs Bank reiterated a “hold” rating and set a $75.00 target price on shares of SEA in a research report on Friday, June 28th. TD Cowen raised their target price on shares of SEA from $64.00 to $69.00 and gave the stock a “hold” rating in a research report on Wednesday, August 14th. Bank of America increased their price target on shares of SEA from $77.00 to $84.00 and gave the stock a “buy” rating in a research note on Wednesday, August 14th. Barclays boosted their price objective on shares of SEA from $87.00 to $94.00 and gave the company an “overweight” rating in a research note on Thursday, August 15th. Finally, Loop Capital increased their target price on SEA from $92.00 to $94.00 and gave the stock a “buy” rating in a research report on Monday, June 10th. Three research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $80.00.

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.