Krane Funds Advisors LLC Trims Holdings in Sea Limited (NYSE:SE)

Krane Funds Advisors LLC cut its stake in Sea Limited (NYSE:SE) by 24.6% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 8,448 shares of the Internet company based in Singapore’s stock after selling 2,759 shares during the quarter. Krane Funds Advisors LLC’s holdings in SEA were worth $342,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Sunbelt Securities Inc. grew its position in SEA by 91.4% during the third quarter. Sunbelt Securities Inc. now owns 670 shares of the Internet company based in Singapore’s stock worth $29,000 after buying an additional 320 shares in the last quarter. UMB Bank n.a. grew its position in SEA by 70.9% during the fourth quarter. UMB Bank n.a. now owns 788 shares of the Internet company based in Singapore’s stock worth $32,000 after buying an additional 327 shares in the last quarter. Blue Trust Inc. grew its position in SEA by 152.4% during the fourth quarter. Blue Trust Inc. now owns 843 shares of the Internet company based in Singapore’s stock worth $36,000 after buying an additional 509 shares in the last quarter. EverSource Wealth Advisors LLC grew its position in SEA by 38.6% during the fourth quarter. EverSource Wealth Advisors LLC now owns 1,414 shares of the Internet company based in Singapore’s stock worth $57,000 after buying an additional 394 shares in the last quarter. Finally, Westpac Banking Corp purchased a new position in SEA during the fourth quarter worth about $133,000. 59.53% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the company. Bank of America lifted their price target on SEA from $70.00 to $75.00 and gave the stock a “buy” rating in a research note on Wednesday, May 15th. Benchmark lifted their price target on SEA from $78.00 to $87.00 and gave the stock a “buy” rating in a research note on Wednesday, May 15th. Morgan Stanley raised SEA from an “equal weight” rating to an “overweight” rating and lifted their price target for the stock from $65.00 to $70.00 in a research note on Monday, April 22nd. JPMorgan Chase & Co. raised SEA from a “neutral” rating to an “overweight” rating and lifted their price target for the stock from $43.00 to $70.00 in a research note on Tuesday, March 5th. Finally, Sanford C. Bernstein lifted their price target on SEA from $60.00 to $70.00 and gave the stock an “outperform” rating in a research note on Thursday, March 14th. Four equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $72.87.

SEA Trading Down 0.2 %

Shares of NYSE SE traded down $0.14 during midday trading on Friday, reaching $74.42. The company had a trading volume of 3,300,464 shares, compared to its average volume of 4,183,751. Sea Limited has a one year low of $34.35 and a one year high of $75.59. The company has a quick ratio of 1.44, a current ratio of 1.46 and a debt-to-equity ratio of 0.43. The firm’s fifty day moving average price is $65.85 and its 200-day moving average price is $51.87. The stock has a market cap of $42.59 billion, a PE ratio of 1,488.40 and a beta of 1.53.

SEA (NYSE:SE) last released its quarterly earnings results on Tuesday, May 14th. The Internet company based in Singapore reported ($0.04) EPS for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.40). The business had revenue of $3.73 billion for the quarter, compared to the consensus estimate of $3.64 billion. SEA had a net margin of 0.39% and a return on equity of 0.80%. The company’s revenue for the quarter was up 22.8% on a year-over-year basis. During the same period in the previous year, the company earned $0.15 EPS. On average, equities research analysts anticipate that Sea Limited will post 0.67 earnings per share for the current 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.