Assenagon Asset Management S.A. Purchases New Holdings in Sea Limited (NYSE:SE)

Assenagon Asset Management S.A. acquired a new stake in Sea Limited (NYSE:SE) during the fourth quarter, according to its most recent filing with the SEC. The firm acquired 4,363 shares of the Internet company based in Singapore’s stock, valued at approximately $463,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Rosenberg Matthew Hamilton lifted its holdings in SEA by 213.7% in the third quarter. Rosenberg Matthew Hamilton now owns 298 shares of the Internet company based in Singapore’s stock valued at $28,000 after buying an additional 203 shares during the period. Truvestments Capital LLC acquired a new position in shares of SEA in the 3rd quarter valued at $41,000. Icon Wealth Advisors LLC bought a new position in shares of SEA in the 3rd quarter worth $47,000. SOA Wealth Advisors LLC. grew its stake in shares of SEA by 33.3% during the third quarter. SOA Wealth Advisors LLC. now owns 600 shares of the Internet company based in Singapore’s stock worth $57,000 after purchasing an additional 150 shares during the period. Finally, TD Private Client Wealth LLC boosted its holdings in SEA by 33.7% during the third quarter. TD Private Client Wealth LLC now owns 603 shares of the Internet company based in Singapore’s stock worth $57,000 after buying an additional 152 shares during the last quarter. 59.53% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

SE has been the subject of a number of recent analyst reports. Wedbush restated an “outperform” rating and issued a $105.00 price objective (up previously from $84.00) on shares of SEA in a research report on Monday, November 4th. Phillip Securities restated a “reduce” rating and issued a $100.00 price target (up from $80.00) on shares of SEA in a report on Tuesday, November 19th. Barclays lifted their price objective on SEA from $94.00 to $131.00 and gave the company an “overweight” rating in a report on Thursday, November 14th. TD Cowen increased their target price on SEA from $69.00 to $100.00 and gave the stock a “hold” rating in a research note on Wednesday, November 13th. Finally, Benchmark lifted their price target on shares of SEA from $94.00 to $130.00 and gave the company a “buy” rating in a research note on Wednesday, November 13th. One analyst has rated the stock with a sell rating, two have assigned a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, SEA presently has an average rating of “Moderate Buy” and an average target price of $91.21.

SEA Stock Up 1.3 %

Shares of SE opened at $117.94 on Friday. The firm has a market cap of $67.50 billion, a P/E ratio of 786.23 and a beta of 1.54. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.60 and a current ratio of 1.62. Sea Limited has a 52 week low of $38.10 and a 52 week high of $119.47. The firm’s 50-day simple moving average is $112.44 and its 200 day simple moving average is $93.92.

SEA (NYSE:SE) last released its quarterly earnings results 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 firm had revenue of $4.33 billion during the quarter, compared to the consensus estimate of $4.09 billion. SEA had a net margin of 0.64% and a return on equity of 1.40%. The business’s revenue for the quarter was up 30.8% compared to the same quarter last year. During the same quarter last year, the firm earned ($0.26) earnings per share. On average, analysts forecast that Sea Limited will post 0.76 earnings per share for the current year.

About SEA

Sea Ltd. is an internet and mobile platform company, which engages in the provision of online gaming services. It operates through the following segments: Digital Entertainment, E-Commerce, and Digital Financial Services. The Digital Entertainment segment offers and develops mobile and PC online games.