Gunderson Capital Management Inc. Has $3.53 Million Stock Holdings in Sea Limited (NYSE:SE)

Gunderson Capital Management Inc. trimmed its position in Sea Limited (NYSE:SE) by 1.7% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 37,459 shares of the Internet company based in Singapore’s stock after selling 667 shares during the quarter. SEA accounts for 1.5% of Gunderson Capital Management Inc.’s holdings, making the stock its 25th biggest holding. Gunderson Capital Management Inc.’s holdings in SEA were worth $3,532,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of SE. Eminence Capital LP grew its stake in SEA by 45.2% in 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. Clearbridge Investments LLC bought a new stake in SEA during the second quarter worth $99,989,000. Healthcare of Ontario Pension Plan Trust Fund bought a new stake in shares of SEA in the first quarter valued at $60,171,000. Los Angeles Capital Management LLC raised its holdings in SEA by 10,373.5% during the 2nd quarter. Los Angeles Capital Management LLC now owns 1,035,722 shares of the Internet company based in Singapore’s stock valued at $73,971,000 after acquiring an additional 1,025,833 shares during the period. Finally, Tree Line Advisors Hong Kong Ltd. bought a new position in shares of SEA in the first quarter worth $48,876,000. 59.53% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on SE. JPMorgan Chase & Co. upgraded SEA from a “neutral” rating to an “overweight” rating and boosted their price target for the stock from $66.00 to $90.00 in a research note on Wednesday, August 14th. Benchmark upped their price target on SEA from $87.00 to $94.00 and gave the stock a “buy” rating in a research report on Wednesday, August 14th. Citigroup cut their price objective on SEA from $81.00 to $80.00 and set a “buy” rating for the company in a research note on Tuesday, July 23rd. Bank of America upped their price target on shares of SEA from $84.00 to $96.00 and gave the stock a “buy” rating in a research report on Monday, September 23rd. Finally, Dbs Bank reaffirmed a “hold” rating and issued a $75.00 target price on shares of SEA in a report on Friday, June 28th. Three research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $80.92.

SEA Stock Performance

SE traded up $0.84 on Wednesday, reaching $96.17. The company had a trading volume of 937,113 shares, compared to its average volume of 5,638,552. 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 market capitalization of $55.04 billion, a PE ratio of 1,907.00 and a beta of 1.52. The stock has a 50-day moving average price of $80.41 and a 200-day moving average price of $71.38. Sea Limited has a 1 year low of $34.35 and a 1 year high of $98.09.

SEA (NYSE:SE) last posted its quarterly earnings results on Tuesday, August 13th. The Internet company based in Singapore reported $0.14 earnings per share for the quarter, missing analysts’ consensus estimates of $0.59 by ($0.45). The business had revenue of $3.81 billion during the quarter, compared to analysts’ expectations of $3.73 billion. SEA had a negative net margin of 1.36% and a negative return on equity of 2.92%. The firm’s quarterly revenue was up 23.0% compared to the same quarter last year. During the same quarter last year, the firm earned $0.54 earnings per share. As a group, research analysts forecast that Sea Limited will post 0.64 EPS for the current fiscal year.

SEA Company 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.