ProShare Advisors LLC Sells 80,298 Shares of Sea Limited (NYSE:SE)

ProShare Advisors LLC lowered its stake in Sea Limited (NYSE:SE) by 60.4% during the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 52,737 shares of the Internet company based in Singapore’s stock after selling 80,298 shares during the quarter. ProShare Advisors LLC’s holdings in SEA were worth $2,833,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in SE. Assenagon Asset Management S.A. boosted its stake in SEA by 12,344.0% during the 4th quarter. Assenagon Asset Management S.A. now owns 2,655,668 shares of the Internet company based in Singapore’s stock valued at $107,555,000 after purchasing an additional 2,634,327 shares during the last quarter. Baillie Gifford & Co. raised its holdings in SEA by 30.8% during the fourth quarter. Baillie Gifford & Co. now owns 34,183,394 shares of the Internet company based in Singapore’s stock valued at $1,384,427,000 after acquiring an additional 8,045,977 shares during the period. Handelsbanken Fonder AB raised its holdings in SEA by 27.2% during the fourth quarter. Handelsbanken Fonder AB now owns 90,802 shares of the Internet company based in Singapore’s stock valued at $3,677,000 after acquiring an additional 19,406 shares during the period. Syon Capital LLC bought a new stake in shares of SEA in the fourth quarter worth about $357,000. Finally, Wasatch Advisors LP increased its holdings in shares of SEA by 3.2% in the first quarter. Wasatch Advisors LP now owns 1,544,492 shares of the Internet company based in Singapore’s stock worth $82,955,000 after purchasing an additional 48,273 shares during the last quarter. Hedge funds and other institutional investors own 59.53% of the company’s stock.

SEA Trading Down 1.3 %

Shares of SEA stock opened at $68.76 on Friday. The firm has a market capitalization of $39.35 billion, a PE ratio of 1,375.20 and a beta of 1.51. Sea Limited has a twelve month low of $34.35 and a twelve month high of $76.60. The firm’s 50-day moving average price is $71.93 and its 200 day moving average price is $57.62. The company has a current ratio of 1.46, a quick ratio of 1.44 and a debt-to-equity ratio of 0.43.

SEA (NYSE:SE) last issued its quarterly earnings results on Tuesday, May 14th. The Internet company based in Singapore reported ($0.04) earnings per share for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.40). SEA had a net margin of 0.39% and a return on equity of 0.80%. The company had revenue of $3.73 billion during the quarter, compared to analysts’ expectations of $3.64 billion. During the same period in the prior year, the business posted $0.15 earnings per share. The company’s quarterly revenue was up 22.8% compared to the same quarter last year. On average, sell-side analysts predict that Sea Limited will post 0.66 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research analysts recently commented on the company. Barclays lifted their price target on SEA from $85.00 to $87.00 and gave the stock an “overweight” rating in a research report on Thursday, May 16th. TD Cowen boosted their price objective on shares of SEA from $52.00 to $64.00 and gave the stock a “hold” rating in a research note on Wednesday, May 15th. Morgan Stanley raised shares of SEA from an “equal weight” rating to an “overweight” rating and boosted their price objective for the stock from $65.00 to $70.00 in a research note on Monday, April 22nd. Benchmark upped their price target on SEA from $78.00 to $87.00 and gave the stock a “buy” rating in a research report on Wednesday, May 15th. Finally, Bank of America upped their price target on SEA from $70.00 to $75.00 and gave the stock a “buy” rating in a research report on Wednesday, May 15th. Six investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $72.40.

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.