Sea Limited (NYSE:SE) Shares Bought by Sei Investments Co.

Sei Investments Co. lifted its position in shares of Sea Limited (NYSE:SE) by 50.8% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 1,154,904 shares of the Internet company based in Singapore’s stock after acquiring an additional 389,281 shares during the period. Sei Investments Co. owned 0.20% of SEA worth $82,483,000 as of its most recent filing with the SEC.

A number of other large investors have also modified their holdings of SE. SOA Wealth Advisors LLC. bought a new position in SEA in the 2nd quarter worth about $32,000. GAMMA Investing LLC grew 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 worth $33,000 after buying an additional 336 shares in the last quarter. Hexagon Capital Partners LLC increased its position in SEA by 63.1% in the 2nd quarter. Hexagon Capital Partners LLC now owns 654 shares of the Internet company based in Singapore’s stock valued at $47,000 after acquiring an additional 253 shares during the period. EverSource Wealth Advisors LLC raised its stake in SEA by 38.6% during the 4th quarter. EverSource Wealth Advisors LLC now owns 1,414 shares of the Internet company based in Singapore’s stock valued at $57,000 after acquiring an additional 394 shares in the last quarter. Finally, Lindbrook Capital LLC boosted its position in SEA by 78.8% during the 1st quarter. Lindbrook Capital LLC now owns 1,198 shares of the Internet company based in Singapore’s stock worth $64,000 after acquiring an additional 528 shares during the period. Institutional investors and hedge funds own 59.53% of the company’s stock.

SEA Stock Performance

Shares of NYSE SE opened at $85.71 on Friday. The stock’s fifty day simple moving average is $73.90 and its 200 day simple moving average is $68.20. The stock has a market capitalization of $49.06 billion, a price-to-earnings ratio of 1,714.20 and a beta of 1.51. The company has a quick ratio of 1.48, a current ratio of 1.49 and a debt-to-equity ratio of 0.41. Sea Limited has a 52-week low of $34.35 and a 52-week high of $86.37.

SEA (NYSE:SE) last posted its quarterly earnings data on Tuesday, August 13th. The Internet company based in Singapore reported $0.14 earnings per share (EPS) for the quarter, missing the consensus estimate 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 for the quarter, compared to analyst estimates of $3.73 billion. During the same quarter in the previous year, the firm posted $0.54 EPS. SEA’s quarterly revenue was up 23.0% on a year-over-year basis. As a group, sell-side analysts forecast that Sea Limited will post 0.64 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages have recently commented on SE. JPMorgan Chase & Co. raised SEA from a “neutral” rating to an “overweight” rating and raised their price target for the company from $66.00 to $90.00 in a report on Wednesday, August 14th. Bank of America boosted their price target on shares of SEA from $77.00 to $84.00 and gave the stock a “buy” rating in a research report on Wednesday, August 14th. Citigroup decreased their price objective on shares of SEA from $81.00 to $80.00 and set a “buy” rating for the company in a report on Tuesday, July 23rd. Barclays boosted their target price on SEA from $87.00 to $94.00 and gave the stock an “overweight” rating in a report on Thursday, August 15th. Finally, Wedbush reaffirmed an “outperform” rating and set a $84.00 price target (up from $76.00) on shares of SEA in a research note on Tuesday, August 13th. Three analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat.com, SEA has an average rating of “Moderate Buy” and a consensus target price of $80.00.

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.