ProShare Advisors LLC Decreases Stock Position in Sea Limited (NYSE:SE)

ProShare Advisors LLC decreased its position in shares of Sea Limited (NYSE:SE) by 29.2% in the second quarter, HoldingsChannel reports. The firm owned 37,316 shares of the Internet company based in Singapore’s stock after selling 15,421 shares during the quarter. ProShare Advisors LLC’s holdings in SEA were worth $2,665,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in SE. Eminence Capital LP bought a new position in SEA during the fourth quarter valued at $60,714,000. Healthcare of Ontario Pension Plan Trust Fund bought a new position in shares of SEA in the 1st quarter valued at about $60,171,000. Los Angeles Capital Management LLC grew its position in SEA by 10,373.5% in the second quarter. Los Angeles Capital Management LLC now owns 1,035,722 shares of the Internet company based in Singapore’s stock worth $73,971,000 after acquiring an additional 1,025,833 shares in the last quarter. Tree Line Advisors Hong Kong Ltd. bought a new stake in SEA during the first quarter worth approximately $48,876,000. Finally, Wolf Hill Capital Management LP purchased a new stake in SEA during the first quarter valued at approximately $45,104,000. 59.53% of the stock is owned by institutional investors.

SEA Stock Performance

SEA stock opened at $94.25 on Friday. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.48 and a current ratio of 1.49. The company has a market capitalization of $53.94 billion, a PE ratio of 1,885.00 and a beta of 1.51. The company has a 50 day moving average price of $76.23 and a 200-day moving average price of $69.33. Sea Limited has a fifty-two week low of $34.35 and a fifty-two week high of $96.09.

SEA (NYSE:SE) last issued its earnings results on Tuesday, August 13th. The Internet company based in Singapore reported $0.14 earnings per share for the quarter, missing analysts’ consensus estimates of $0.59 by ($0.45). SEA had a negative net margin of 1.36% and a negative return on equity of 2.92%. The firm had revenue of $3.81 billion for the quarter, compared to the consensus estimate of $3.73 billion. During the same period last year, the firm earned $0.54 earnings per share. The company’s revenue for the quarter was up 23.0% on a year-over-year basis. As a group, equities analysts forecast that Sea Limited will post 0.64 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities analysts have recently commented on SE shares. Benchmark lifted their target price on SEA from $87.00 to $94.00 and gave the stock a “buy” rating in a report on Wednesday, August 14th. Bank of America lifted their price objective on shares of SEA from $84.00 to $96.00 and gave the stock a “buy” rating in a research note on Monday, September 23rd. Wedbush reissued an “outperform” rating and issued a $84.00 target price (up previously from $76.00) on shares of SEA in a research note on Tuesday, August 13th. Citigroup lowered their target price on shares of SEA from $81.00 to $80.00 and set a “buy” rating for the company in a report on Tuesday, July 23rd. Finally, JPMorgan Chase & Co. upgraded shares of SEA from a “neutral” rating to an “overweight” rating and upped their price target for the company from $66.00 to $90.00 in a report on Wednesday, August 14th. Three investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to MarketBeat, SEA currently has a consensus rating of “Moderate Buy” and a consensus target price of $80.92.

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.