Robotti Robert Sells 5,000 Shares of Sea Limited (NYSE:SE)

Robotti Robert reduced its stake in Sea Limited (NYSE:SE) by 20.0% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 20,000 shares of the Internet company based in Singapore’s stock after selling 5,000 shares during the quarter. Robotti Robert’s holdings in SEA were worth $1,074,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in the stock. UMB Bank n.a. lifted its position in SEA by 70.9% in the 4th quarter. UMB Bank n.a. now owns 788 shares of the Internet company based in Singapore’s stock valued at $32,000 after acquiring an additional 327 shares in the last quarter. GAMMA Investing LLC lifted its holdings in shares of SEA by 121.3% during the 1st quarter. GAMMA Investing LLC now owns 613 shares of the Internet company based in Singapore’s stock valued at $33,000 after buying an additional 336 shares during the period. Blue Trust Inc. lifted its holdings in shares of SEA by 152.4% during the 4th quarter. Blue Trust Inc. now owns 843 shares of the Internet company based in Singapore’s stock valued at $36,000 after buying an additional 509 shares during the period. EverSource Wealth Advisors LLC lifted its holdings in shares of SEA by 38.6% during the 4th quarter. EverSource Wealth Advisors LLC now owns 1,414 shares of the Internet company based in Singapore’s stock valued at $57,000 after buying an additional 394 shares during the period. Finally, Lindbrook Capital LLC lifted its holdings in shares of SEA by 78.8% during the 1st quarter. Lindbrook Capital LLC now owns 1,198 shares of the Internet company based in Singapore’s stock valued at $64,000 after buying an additional 528 shares during the period. 59.53% of the stock is owned by institutional investors.

SEA Price Performance

SE stock traded up $0.25 during trading on Monday, reaching $65.59. The company’s stock had a trading volume of 2,750,624 shares, compared to its average volume of 5,926,550. The company’s fifty day moving average is $71.54 and its 200-day moving average is $59.26. Sea Limited has a 1 year low of $34.35 and a 1 year high of $76.60. The company has a market capitalization of $37.54 billion, a P/E ratio of 1,311.80 and a beta of 1.51. The company has a quick ratio of 1.44, a current ratio of 1.46 and a debt-to-equity ratio of 0.43.

SEA (NYSE:SE) last released its quarterly earnings data on Tuesday, May 14th. The Internet company based in Singapore reported ($0.04) EPS for the quarter, missing the consensus estimate 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 for the quarter, compared to the consensus estimate of $3.64 billion. During the same period last year, the company earned $0.15 EPS. The firm’s revenue for the quarter was up 22.8% on a year-over-year basis. On average, research analysts expect that Sea Limited will post 0.62 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on SE shares. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and set a $60.00 price target on shares of SEA in a report on Wednesday, May 15th. Citigroup lowered their price target on SEA from $81.00 to $80.00 and set a “buy” rating on the stock in a report on Tuesday, July 23rd. Loop Capital increased their price target on SEA from $92.00 to $94.00 and gave the company a “buy” rating in a report on Monday, June 10th. Wedbush restated an “outperform” rating and issued a $72.00 price objective on shares of SEA in a research note on Tuesday, May 14th. Finally, JPMorgan Chase & Co. restated a “neutral” rating and issued a $78.00 price objective (down from $84.00) on shares of SEA in a research note on Tuesday, June 25th. Six equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $74.53.

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.