Point72 DIFC Ltd Takes Position in Sea Limited (NYSE:SE)

Point72 DIFC Ltd acquired a new position in Sea Limited (NYSE:SE) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 1,393 shares of the Internet company based in Singapore’s stock, valued at approximately $100,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Baillie Gifford & Co. raised its stake in shares of SEA by 0.4% in the 2nd quarter. Baillie Gifford & Co. now owns 34,268,428 shares of the Internet company based in Singapore’s stock valued at $2,447,451,000 after acquiring an additional 148,980 shares in the last quarter. Kora Management LP lifted its position in SEA by 9.4% during the 1st quarter. Kora Management LP now owns 4,637,500 shares of the Internet company based in Singapore’s stock worth $249,080,000 after acquiring an additional 400,000 shares during the last quarter. Eminence Capital LP boosted its holdings in SEA by 45.2% during the second quarter. Eminence Capital LP now owns 4,522,441 shares of the Internet company based in Singapore’s stock valued at $322,993,000 after acquiring an additional 1,408,314 shares during the period. Kontiki Capital Management HK Ltd. grew its position in shares of SEA by 1.9% in the first quarter. Kontiki Capital Management HK Ltd. now owns 3,744,416 shares of the Internet company based in Singapore’s stock valued at $201,113,000 after purchasing an additional 68,900 shares during the last quarter. Finally, Prudential PLC grew its position in shares of SEA by 6.7% in the second quarter. Prudential PLC now owns 3,649,862 shares of the Internet company based in Singapore’s stock valued at $260,673,000 after purchasing an additional 229,500 shares during the last quarter. Institutional investors own 59.53% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on SE shares. TD Cowen boosted their target price on shares of SEA from $64.00 to $69.00 and gave the stock a “hold” rating in a research report on Wednesday, August 14th. Benchmark increased their target price on shares of SEA from $87.00 to $94.00 and gave the company a “buy” rating in a research note on Wednesday, August 14th. JPMorgan Chase & Co. upgraded SEA from a “neutral” rating to an “overweight” rating and boosted their price target for the company from $66.00 to $90.00 in a research note on Wednesday, August 14th. Loop Capital raised their price objective on SEA from $92.00 to $94.00 and gave the stock a “buy” rating in a research report on Monday, June 10th. Finally, Bank of America lifted their price target on shares of SEA from $84.00 to $96.00 and gave the stock a “buy” rating in a research note on Monday, September 23rd. Three analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $80.92.

SEA Price Performance

Shares of SE stock opened at $97.47 on Wednesday. The firm has a market cap of $55.79 billion, a price-to-earnings ratio of 1,949.40 and a beta of 1.51. Sea Limited has a 12 month low of $34.35 and a 12 month high of $98.09. The company has a quick ratio of 1.48, a current ratio of 1.49 and a debt-to-equity ratio of 0.41. The stock has a 50-day moving average price of $76.77 and a 200 day moving average price of $69.71.

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