Victory Capital Management Inc. Has $987,000 Stock Position in Sea Limited (NYSE:SE)

Victory Capital Management Inc. grew its stake in Sea Limited (NYSE:SE) by 7.4% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 13,819 shares of the Internet company based in Singapore’s stock after acquiring an additional 950 shares during the period. Victory Capital Management Inc.’s holdings in SEA were worth $987,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Baillie Gifford & Co. raised its position in shares of SEA by 0.4% during the second quarter. Baillie Gifford & Co. now owns 34,268,428 shares of the Internet company based in Singapore’s stock worth $2,447,451,000 after acquiring an additional 148,980 shares during the last quarter. Kora Management LP raised its holdings in SEA by 9.4% during the 1st quarter. Kora Management LP now owns 4,637,500 shares of the Internet company based in Singapore’s stock worth $249,080,000 after purchasing an additional 400,000 shares during the last quarter. Artisan Partners Limited Partnership raised its holdings in SEA by 11.3% during the 4th quarter. Artisan Partners Limited Partnership now owns 4,131,880 shares of the Internet company based in Singapore’s stock worth $167,341,000 after purchasing an additional 420,802 shares during the last quarter. Kontiki Capital Management HK Ltd. raised its holdings in SEA by 1.9% during the 1st quarter. Kontiki Capital Management HK Ltd. now owns 3,744,416 shares of the Internet company based in Singapore’s stock worth $201,113,000 after purchasing an additional 68,900 shares during the last quarter. Finally, Sylebra Capital LLC lifted its position in SEA by 22.4% during the 1st quarter. Sylebra Capital LLC now owns 1,833,580 shares of the Internet company based in Singapore’s stock valued at $98,482,000 after purchasing an additional 335,588 shares during the period. 59.53% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

SE has been the subject of a number of recent research reports. TD Cowen boosted their price target on shares of SEA from $64.00 to $69.00 and gave the stock a “hold” rating in a research note on Wednesday, August 14th. JPMorgan Chase & Co. raised SEA from a “neutral” rating to an “overweight” rating and increased their price target for the company from $66.00 to $90.00 in a research note on Wednesday, August 14th. Benchmark increased their target price on SEA from $87.00 to $94.00 and gave the company a “buy” rating in a research note on Wednesday, August 14th. Loop Capital raised their target price on SEA from $92.00 to $94.00 and gave the stock a “buy” rating in a report on Monday, June 10th. Finally, Bank of America upped their price target on SEA from $77.00 to $84.00 and gave the company a “buy” rating in a research note on Wednesday, August 14th. Three equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $80.00.

SEA Trading Up 0.8 %

SE opened at $85.71 on Friday. The stock has a market capitalization of $49.06 billion, a P/E ratio of 1,714.20 and a beta of 1.51. The company has a current ratio of 1.49, a quick ratio of 1.48 and a debt-to-equity ratio of 0.41. Sea Limited has a 12 month low of $34.35 and a 12 month high of $86.37. The firm’s fifty day simple moving average is $73.66 and its 200 day simple moving average is $67.89.

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

SEA 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.