Skandinaviska Enskilda Banken AB publ Has $4.09 Million Position in Sea Limited (NYSE:SE)

Skandinaviska Enskilda Banken AB publ raised its position in Sea Limited (NYSE:SE) by 26.0% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 57,221 shares of the Internet company based in Singapore’s stock after purchasing an additional 11,800 shares during the quarter. Skandinaviska Enskilda Banken AB publ’s holdings in SEA were worth $4,087,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in SE. Canada Pension Plan Investment Board raised its holdings in SEA by 3.6% during the second quarter. Canada Pension Plan Investment Board now owns 864,800 shares of the Internet company based in Singapore’s stock valued at $61,764,000 after buying an additional 30,000 shares in the last quarter. Vanguard Personalized Indexing Management LLC lifted its position in shares of SEA by 13.9% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 9,960 shares of the Internet company based in Singapore’s stock worth $711,000 after acquiring an additional 1,214 shares during the period. Renaissance Technologies LLC boosted its stake in SEA by 339.7% during the second quarter. Renaissance Technologies LLC now owns 734,700 shares of the Internet company based in Singapore’s stock worth $52,472,000 after buying an additional 567,600 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in shares of SEA by 445.4% during the 2nd quarter. Dimensional Fund Advisors LP now owns 51,096 shares of the Internet company based in Singapore’s stock valued at $3,649,000 after acquiring an additional 41,728 shares in the last quarter. Finally, Envestnet Asset Management Inc. grew its stake in shares of SEA by 130.8% in the 2nd quarter. Envestnet Asset Management Inc. now owns 182,377 shares of the Internet company based in Singapore’s stock valued at $13,025,000 after purchasing an additional 103,365 shares during the period. 59.53% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on SE. Loop Capital lifted their price objective on SEA from $92.00 to $94.00 and gave the company a “buy” rating in a report on Monday, June 10th. Barclays lifted their target price on SEA from $87.00 to $94.00 and gave the company an “overweight” rating in a research note on Thursday, August 15th. TD Cowen upped their target price on shares of SEA from $64.00 to $69.00 and gave the company a “hold” rating in a research report on Wednesday, August 14th. Benchmark raised their price objective on SEA from $87.00 to $94.00 and gave the stock a “buy” rating in a research note on Wednesday, August 14th. Finally, JPMorgan Chase & Co. upgraded SEA from a “neutral” rating to an “overweight” rating and increased their price objective for the stock from $66.00 to $90.00 in a report on Wednesday, August 14th. Three equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $80.00.

SEA Stock Performance

Shares of SE stock opened at $85.71 on Monday. Sea Limited has a 52 week low of $34.35 and a 52 week high of $86.37. The company 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 50-day simple moving average of $73.90 and a 200 day simple moving average of $68.26. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.48 and a current ratio of 1.49.

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

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.