SG Americas Securities LLC Cuts Position in Sea Limited (NYSE:SE)

SG Americas Securities LLC reduced its stake in Sea Limited (NYSE:SE) by 88.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 10,313 shares of the Internet company based in Singapore’s stock after selling 81,300 shares during the period. SG Americas Securities LLC’s holdings in SEA were worth $1,094,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Baillie Gifford & Co. lifted its position in SEA by 15.5% in the third quarter. Baillie Gifford & Co. now owns 39,564,018 shares of the Internet company based in Singapore’s stock valued at $3,730,096,000 after acquiring an additional 5,295,590 shares during the last quarter. WCM Investment Management LLC lifted its position in SEA by 35.9% in the third quarter. WCM Investment Management LLC now owns 20,902,378 shares of the Internet company based in Singapore’s stock valued at $1,971,303,000 after purchasing an additional 5,517,559 shares during the period. Kaizen Investment Management Pte. Ltd. purchased a new position in SEA in the third quarter worth $587,544,000. Geode Capital Management LLC lifted its stake in shares of SEA by 4.2% in the third quarter. Geode Capital Management LLC now owns 3,059,521 shares of the Internet company based in Singapore’s stock valued at $283,543,000 after purchasing an additional 124,433 shares during the period. Finally, Perpetual Ltd increased its stake in SEA by 3,033.0% in the 4th quarter. Perpetual Ltd now owns 2,098,003 shares of the Internet company based in Singapore’s stock valued at $222,598,000 after purchasing an additional 2,031,038 shares in the last quarter. Institutional investors and hedge funds own 59.53% of the company’s stock.

SEA Stock Performance

Shares of SE opened at $119.93 on Wednesday. The firm has a 50-day moving average price of $112.68 and a 200 day moving average price of $94.66. The company has a quick ratio of 1.60, a current ratio of 1.62 and a debt-to-equity ratio of 0.36. The firm has a market capitalization of $68.64 billion, a PE ratio of 799.50 and a beta of 1.54. Sea Limited has a 52-week low of $38.10 and a 52-week high of $121.64.

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 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 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% on a year-over-year basis. During the same quarter last year, the business posted ($0.26) EPS. On average, sell-side analysts anticipate that Sea Limited will post 0.76 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research analysts recently issued reports on SE shares. Phillip Securities restated a “reduce” rating and set a $100.00 price objective (up from $80.00) on shares of SEA in a research report on Tuesday, November 19th. Dbs Bank raised shares of SEA from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, November 13th. Barclays upped their target price on shares of SEA from $94.00 to $131.00 and gave the company an “overweight” rating in a research note on Thursday, November 14th. TD Cowen lifted their price target on shares of SEA from $69.00 to $100.00 and gave the stock a “hold” rating in a research note on Wednesday, November 13th. Finally, Wedbush reissued an “outperform” rating and set a $105.00 price target (up from $84.00) on shares of SEA in a research report on Monday, November 4th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $91.21.

SEA Profile

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.