Sea Limited (NYSE:SE) Shares Sold by Principal Financial Group Inc.

Principal Financial Group Inc. lessened its stake in Sea Limited (NYSE:SE) by 24.0% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 151,612 shares of the Internet company based in Singapore’s stock after selling 47,808 shares during the period. Principal Financial Group Inc.’s holdings in SEA were worth $14,294,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in SE. Rosenberg Matthew Hamilton lifted its stake in shares of SEA by 213.7% in the 3rd quarter. Rosenberg Matthew Hamilton now owns 298 shares of the Internet company based in Singapore’s stock worth $28,000 after acquiring an additional 203 shares during the period. SOA Wealth Advisors LLC. purchased a new stake in SEA in the 2nd quarter valued at approximately $32,000. Hexagon Capital Partners LLC increased its position in 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. Canton Hathaway LLC raised its stake in shares of SEA by 20.0% during the 2nd quarter. Canton Hathaway LLC now owns 1,200 shares of the Internet company based in Singapore’s stock worth $86,000 after buying an additional 200 shares in the last quarter. Finally, GAMMA Investing LLC lifted its holdings in shares of SEA by 69.5% in the 3rd quarter. GAMMA Investing LLC now owns 1,268 shares of the Internet company based in Singapore’s stock valued at $120,000 after buying an additional 520 shares during the period. 59.53% of the stock is owned by hedge funds and other institutional investors.

SEA Stock Performance

Shares of SE opened at $102.94 on Friday. Sea Limited has a 1 year low of $34.35 and a 1 year high of $117.52. The company’s 50 day simple moving average is $93.93 and its 200 day simple moving average is $79.43. The company has a market capitalization of $58.92 billion, a price-to-earnings ratio of 686.27 and a beta of 1.52. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.48 and a current ratio of 1.62.

SEA (NYSE:SE) last posted its quarterly earnings data on Tuesday, November 12th. The Internet company based in Singapore reported $0.24 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.59 by ($0.35). The business had revenue of $4.33 billion for the quarter, compared to analyst estimates of $4.09 billion. SEA had a return on equity of 1.40% and a net margin of 0.64%. SEA’s revenue for the quarter was up 30.8% compared to the same quarter last year. During the same quarter last year, the business earned ($0.26) EPS. On average, sell-side analysts predict that Sea Limited will post 0.8 EPS for the current year.

Wall Street Analyst Weigh In

SE has been the subject of a number of recent analyst reports. Citigroup reduced their target price on SEA from $81.00 to $80.00 and set a “buy” rating for the company in a report on Tuesday, July 23rd. Benchmark upped their target price on shares of SEA from $94.00 to $130.00 and gave the stock a “buy” rating in a research report on Wednesday. TD Cowen lifted their price target on shares of SEA from $69.00 to $100.00 and gave the company a “hold” rating in a research report on Wednesday. Wedbush restated an “outperform” rating and issued a $105.00 price target (up previously from $84.00) on shares of SEA in a report on Monday, November 4th. Finally, Dbs Bank raised SEA from a “hold” rating to a “strong-buy” rating in a report on Wednesday. Two investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, SEA has a consensus rating of “Moderate Buy” and a consensus target price of $90.54.

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.