Susquehanna Fundamental Investments LLC Purchases New Position in Sea Limited (NYSE:SE)

Susquehanna Fundamental Investments LLC acquired a new position in Sea Limited (NYSE:SE) in the 2nd quarter, Holdings Channel reports. The firm acquired 43,297 shares of the Internet company based in Singapore’s stock, valued at approximately $3,092,000.

Several other large investors have also bought and sold shares of SE. Baillie Gifford & Co. boosted its holdings in shares of SEA by 0.4% during the 2nd quarter. Baillie Gifford & Co. now owns 34,268,428 shares of the Internet company based in Singapore’s stock valued at $2,447,451,000 after buying an additional 148,980 shares in the last quarter. Kora Management LP boosted its stake in SEA by 9.4% during the first quarter. Kora Management LP now owns 4,637,500 shares of the Internet company based in Singapore’s stock worth $249,080,000 after acquiring an additional 400,000 shares in the last quarter. Eminence Capital LP grew its holdings in SEA by 45.2% in the second quarter. Eminence Capital LP now owns 4,522,441 shares of the Internet company based in Singapore’s stock worth $322,993,000 after purchasing an additional 1,408,314 shares during the period. Kontiki Capital Management HK Ltd. increased its stake in shares of SEA by 1.9% during the first quarter. Kontiki Capital Management HK Ltd. now owns 3,744,416 shares of the Internet company based in Singapore’s stock valued at $201,113,000 after purchasing an additional 68,900 shares in the last quarter. Finally, Prudential PLC lifted its holdings in shares of SEA by 6.7% during the second quarter. Prudential PLC now owns 3,649,862 shares of the Internet company based in Singapore’s stock valued at $260,673,000 after purchasing an additional 229,500 shares during the last quarter. 59.53% of the stock is owned by institutional investors.

SEA Stock Down 0.0 %

SE stock opened at $94.30 on Tuesday. The business’s 50-day moving average is $76.77 and its two-hundred day moving average is $69.71. The company has a market cap of $53.97 billion, a price-to-earnings ratio of 1,886.00 and a beta of 1.51. Sea Limited has a fifty-two week low of $34.35 and a fifty-two week high of $96.09. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.48 and a current ratio of 1.49.

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

Analysts Set New Price Targets

Several research firms recently weighed in on SE. Citigroup cut their price target on SEA from $81.00 to $80.00 and set a “buy” rating on the stock in a research note on Tuesday, July 23rd. Barclays increased their target price on SEA from $87.00 to $94.00 and gave the stock an “overweight” rating in a research note on Thursday, August 15th. Dbs Bank reaffirmed a “hold” rating and issued a $75.00 target price on shares of SEA in a report on Friday, June 28th. TD Cowen raised their price target on shares of SEA from $64.00 to $69.00 and gave the company a “hold” rating in a research report on Wednesday, August 14th. Finally, Bank of America upped their price objective on SEA from $84.00 to $96.00 and gave the company a “buy” rating in a research report on Monday, September 23rd. Three investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $80.92.

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.