Sea Limited (NYSE:SE) Shares Acquired by Bayesian Capital Management LP

Bayesian Capital Management LP grew its stake in shares of Sea Limited (NYSE:SE) by 31.2% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 44,944 shares of the Internet company based in Singapore’s stock after purchasing an additional 10,700 shares during the quarter. Bayesian Capital Management LP’s holdings in SEA were worth $2,414,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of SE. Blue Trust Inc. lifted its stake in shares of 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 purchasing an additional 509 shares in the last quarter. Cigna Investments Inc. New increased its position in shares of SEA by 6.0% during the fourth quarter. Cigna Investments Inc. New now owns 7,119 shares of the Internet company based in Singapore’s stock worth $288,000 after acquiring an additional 401 shares during the last quarter. UMB Bank n.a. increased its position in shares of 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 acquiring an additional 327 shares during the last quarter. KG&L Capital Management LLC purchased a new stake in shares of SEA during the fourth quarter worth about $550,000. Finally, Asset Management One Co. Ltd. increased its position in shares of SEA by 4.1% during the fourth quarter. Asset Management One Co. Ltd. now owns 144,263 shares of the Internet company based in Singapore’s stock worth $5,822,000 after acquiring an additional 5,701 shares during the last quarter. Institutional investors and hedge funds own 59.53% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on SE. Loop Capital boosted their price objective on SEA from $92.00 to $94.00 and gave the company a “buy” rating in a report on Monday, June 10th. Dbs Bank reissued a “hold” rating and issued a $75.00 price objective on shares of SEA in a report on Friday, June 28th. Citigroup lowered their price objective on SEA from $81.00 to $80.00 and set a “buy” rating for the company in a report on Tuesday, July 23rd. Benchmark boosted their price objective on SEA from $78.00 to $87.00 and gave the company a “buy” rating in a report on Wednesday, May 15th. Finally, Bank of America lifted their target price on SEA from $75.00 to $77.00 and gave the company a “buy” rating in a research note on Monday, July 22nd. Six investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to data from MarketBeat, SEA presently has a consensus rating of “Moderate Buy” and an average price target of $74.53.

SEA Price Performance

SE traded down $0.66 during trading on Tuesday, reaching $64.96. The stock had a trading volume of 1,539,801 shares, compared to its average volume of 5,896,703. The firm has a market capitalization of $37.18 billion, a price-to-earnings ratio of 1,285.80 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 Limited has a 1-year low of $34.35 and a 1-year high of $76.60. The stock has a 50 day moving average of $71.54 and a two-hundred day moving average of $59.26.

SEA (NYSE:SE) last posted its quarterly earnings results on Tuesday, May 14th. The Internet company based in Singapore reported ($0.04) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.36 by ($0.40). The company had revenue of $3.73 billion during 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%. SEA’s quarterly revenue was up 22.8% on a year-over-year basis. During the same period in the prior year, the company posted $0.15 EPS. As a group, equities analysts anticipate that Sea Limited will post 0.62 EPS for the current fiscal year.

SEA 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.