Nordea Investment Management AB Sells 45,750 Shares of Sea Limited (NYSE:SE)

Nordea Investment Management AB lessened its position in shares of Sea Limited (NYSE:SE) by 11.0% in the fourth quarter, Holdings Channel.com reports. The firm owned 371,803 shares of the Internet company based in Singapore’s stock after selling 45,750 shares during the period. Nordea Investment Management AB’s holdings in SEA were worth $39,575,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. GAMMA Investing LLC boosted its position in shares of SEA by 29.7% during the fourth quarter. GAMMA Investing LLC now owns 1,645 shares of the Internet company based in Singapore’s stock worth $175,000 after buying an additional 377 shares during the period. American Trust acquired a new position in SEA during the 3rd quarter worth approximately $294,000. Tidal Investments LLC boosted its position in SEA by 1,270.6% during the 3rd quarter. Tidal Investments LLC now owns 109,034 shares of the Internet company based in Singapore’s stock worth $10,280,000 after acquiring an additional 101,079 shares during the last quarter. Wilmington Savings Fund Society FSB bought a new position in shares of SEA during the 3rd quarter worth approximately $290,000. Finally, Sanctuary Advisors LLC raised its holdings in shares of SEA by 14.4% in the third quarter. Sanctuary Advisors LLC now owns 6,214 shares of the Internet company based in Singapore’s stock valued at $586,000 after purchasing an additional 782 shares during the last quarter. Institutional investors and hedge funds own 59.53% of the company’s stock.

SEA Stock Performance

SE opened at $106.44 on Wednesday. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.62 and a quick ratio of 1.60. The company has a market capitalization of $60.92 billion, a PE ratio of 709.60 and a beta of 1.54. The business has a fifty day simple moving average of $108.63 and a 200 day simple moving average of $90.39. Sea Limited has a 1 year low of $34.35 and a 1 year high of $119.47.

SEA (NYSE:SE) last released its quarterly earnings results on Tuesday, November 12th. The Internet company based in Singapore reported $0.24 EPS for the quarter, missing analysts’ consensus estimates of $0.59 by ($0.35). The business had revenue of $4.33 billion for the quarter, compared to the consensus estimate of $4.09 billion. SEA had a return on equity of 1.40% and a net margin of 0.64%. SEA’s revenue was up 30.8% compared to the same quarter last year. During the same period in the prior year, the business posted ($0.26) earnings per share. Research analysts expect that Sea Limited will post 0.81 EPS for the current year.

Analyst Ratings Changes

A number of research analysts recently weighed in on the stock. Barclays raised their target price on shares of SEA from $94.00 to $131.00 and gave the company an “overweight” rating in a research report on Thursday, November 14th. Bank of America upped their target price on SEA from $84.00 to $96.00 and gave the stock a “buy” rating in a report on Monday, September 23rd. Wedbush reaffirmed an “outperform” rating and set a $105.00 price target (up previously from $84.00) on shares of SEA in a research report on Monday, November 4th. TD Cowen increased their price objective on SEA from $69.00 to $100.00 and gave the company a “hold” rating in a report on Wednesday, November 13th. Finally, Benchmark boosted their target price on shares of SEA from $94.00 to $130.00 and gave the stock a “buy” rating in a report on Wednesday, November 13th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, SEA presently has a consensus rating of “Moderate Buy” and a consensus target price of $91.21.

SEA Profile

Sea Ltd. is an internet and mobile platform company, which engages in the provision of online gaming services. It operates through the following segments: Digital Entertainment, E-Commerce, and Digital Financial Services. The Digital Entertainment segment offers and develops mobile and PC online games.