Pitcairn Co. reduced its stake in shares of Sea Limited (NYSE:SE – Free Report) by 16.5% in the third quarter, according to its most recent filing with the SEC. The fund owned 11,385 shares of the Internet company based in Singapore’s stock after selling 2,253 shares during the period. Pitcairn Co.’s holdings in SEA were worth $1,073,000 as of its most recent SEC filing.
Other hedge funds also recently made changes to their positions in the company. Acadian Asset Management LLC lifted its stake in SEA by 528.3% during the first quarter. Acadian Asset Management LLC now owns 9,758 shares of the Internet company based in Singapore’s stock worth $523,000 after purchasing an additional 8,205 shares during the last quarter. UniSuper Management Pty Ltd lifted its position in SEA by 103.8% in the 1st quarter. UniSuper Management Pty Ltd now owns 5,300 shares of the Internet company based in Singapore’s stock worth $285,000 after buying an additional 2,700 shares during the last quarter. Advisors Asset Management Inc. boosted its stake in SEA by 34.5% in the first quarter. Advisors Asset Management Inc. now owns 1,825 shares of the Internet company based in Singapore’s stock worth $98,000 after buying an additional 468 shares in the last quarter. Bayesian Capital Management LP grew its position in SEA by 31.2% during the first quarter. Bayesian Capital Management LP now owns 44,944 shares of the Internet company based in Singapore’s stock valued at $2,414,000 after acquiring an additional 10,700 shares during the last quarter. Finally, Sylebra Capital LLC raised its stake in shares of SEA by 22.4% during the first quarter. Sylebra Capital LLC now owns 1,833,580 shares of the Internet company based in Singapore’s stock worth $98,482,000 after acquiring an additional 335,588 shares in the last quarter. 59.53% of the stock is owned by institutional investors.
Wall Street Analysts Forecast Growth
SE has been the subject of a number of research reports. Bank of America upped their price objective on shares of SEA from $84.00 to $96.00 and gave the company a “buy” rating in a research note on Monday, September 23rd. Phillip Securities reaffirmed a “reduce” rating and set a $100.00 price objective (up from $80.00) on shares of SEA in a research note on Tuesday, November 19th. JPMorgan Chase & Co. raised SEA from a “neutral” rating to an “overweight” rating and boosted their target price for the company from $66.00 to $90.00 in a research note on Wednesday, August 14th. Benchmark raised their price target on SEA from $94.00 to $130.00 and gave the stock a “buy” rating in a research report on Wednesday, November 13th. Finally, Wedbush reiterated an “outperform” rating and issued a $105.00 price objective (up previously 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 given a strong buy rating to the stock. Based on data from MarketBeat, SEA currently has an average rating of “Moderate Buy” and a consensus price target of $91.21.
SEA Stock Performance
NYSE:SE opened at $113.04 on Monday. 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’s fifty day simple moving average is $97.40 and its 200 day simple moving average is $81.22. The stock has a market cap of $64.70 billion, a P/E ratio of 753.60 and a beta of 1.52. Sea Limited has a twelve month low of $34.35 and a twelve month high of $117.85.
SEA (NYSE:SE – Get Free Report) last announced its quarterly earnings results on Tuesday, November 12th. The Internet company based in Singapore reported $0.24 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.59 by ($0.35). SEA had a net margin of 0.64% and a return on equity of 1.40%. The company had revenue of $4.33 billion for the quarter, compared to analysts’ expectations of $4.09 billion. During the same quarter in the prior year, the firm earned ($0.26) EPS. SEA’s quarterly revenue was up 30.8% compared to the same quarter last year. As a group, research analysts predict that Sea Limited will post 0.81 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.
Further Reading
- Five stocks we like better than SEA
- Best of the list of Dividend Aristocrats: Build wealth with the aristocrat index
- Disney’s Magic Strategy: Reinventing the House of Mouse
- Top Biotech Stocks: Exploring Innovation Opportunities
- Volatility in Semis? 3 Stable Alternatives to NVIDIA and SMCI
- The 3 Best Blue-Chip Stocks to Buy Now
- Vertiv’s Cool Tech Makes Its Stock Red-Hot
Want to see what other hedge funds are holding SE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Sea Limited (NYSE:SE – Free Report).
Receive News & Ratings for SEA Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SEA and related companies with MarketBeat.com's FREE daily email newsletter.