Victory Capital Management Inc. Trims Stock Position in Sea Limited (NYSE:SE)

Victory Capital Management Inc. decreased its position in Sea Limited (NYSE:SE) by 9.8% in the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 12,471 shares of the Internet company based in Singapore’s stock after selling 1,348 shares during the period. Victory Capital Management Inc.’s holdings in SEA were worth $1,176,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Advisors Asset Management Inc. increased its position in SEA by 34.5% during the 1st quarter. Advisors Asset Management Inc. now owns 1,825 shares of the Internet company based in Singapore’s stock valued at $98,000 after purchasing an additional 468 shares during the period. California State Teachers Retirement System increased its holdings in SEA by 1.1% during the first quarter. California State Teachers Retirement System now owns 441,921 shares of the Internet company based in Singapore’s stock valued at $23,736,000 after buying an additional 4,945 shares during the period. iA Global Asset Management Inc. raised its stake in SEA by 2.2% in the first quarter. iA Global Asset Management Inc. now owns 56,425 shares of the Internet company based in Singapore’s stock worth $3,031,000 after buying an additional 1,239 shares in the last quarter. Untitled Investments LP lifted its holdings in SEA by 65.6% during the first quarter. Untitled Investments LP now owns 471,223 shares of the Internet company based in Singapore’s stock worth $25,309,000 after buying an additional 186,730 shares during the period. Finally, Swedbank AB bought a new stake in SEA during the 1st quarter valued at $4,404,000. Institutional investors own 59.53% of the company’s stock.

SEA Price Performance

NYSE SE opened at $113.91 on Wednesday. The stock’s fifty day moving average price is $98.08 and its 200 day moving average price is $81.55. Sea Limited has a 1 year low of $34.35 and a 1 year high of $117.85. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.62 and a quick ratio of 1.60. The company has a market cap of $65.20 billion, a price-to-earnings ratio of 759.40 and a beta of 1.52.

SEA (NYSE:SE) last announced its quarterly earnings data on Tuesday, November 12th. The Internet company based in Singapore reported $0.24 earnings per share for the quarter, missing analysts’ consensus estimates of $0.59 by ($0.35). The firm had revenue of $4.33 billion during the quarter, compared to analyst estimates of $4.09 billion. SEA had a net margin of 0.64% and a return on equity of 1.40%. The firm’s revenue for the quarter was up 30.8% on a year-over-year basis. During the same period in the prior year, the company posted ($0.26) earnings per share. As a group, equities research analysts forecast that Sea Limited will post 0.81 earnings per share for the current year.

Analyst Upgrades and Downgrades

SE has been the subject of a number of analyst reports. Barclays upped their price objective on SEA from $94.00 to $131.00 and gave the stock an “overweight” rating in a research note on Thursday, November 14th. TD Cowen increased 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, November 13th. JPMorgan Chase & Co. raised shares of SEA from a “neutral” rating to an “overweight” rating and lifted their price objective for the stock from $66.00 to $90.00 in a research report on Wednesday, August 14th. Benchmark increased their target price on shares of SEA from $94.00 to $130.00 and gave the company a “buy” rating in a research report on Wednesday, November 13th. Finally, Dbs Bank raised shares of SEA from a “hold” rating to a “strong-buy” rating in a report on Wednesday, November 13th. One investment analyst has rated the stock with a sell rating, two have given a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $91.21.

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.