Harbor Capital Advisors Inc. Lowers Holdings in Sea Limited (NYSE:SE)

Harbor Capital Advisors Inc. decreased its holdings in shares of Sea Limited (NYSE:SE) by 38.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 5,049 shares of the Internet company based in Singapore’s stock after selling 3,139 shares during the quarter. Harbor Capital Advisors Inc.’s holdings in SEA were worth $536,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Victory Capital Management Inc. increased its position in shares of SEA by 7.4% during the 2nd quarter. Victory Capital Management Inc. now owns 13,819 shares of the Internet company based in Singapore’s stock worth $987,000 after purchasing an additional 950 shares during the last quarter. Choreo LLC acquired a new stake in shares of SEA during the second quarter valued at about $345,000. American Century Companies Inc. increased its position in shares of SEA by 17.0% during the second quarter. American Century Companies Inc. now owns 25,288 shares of the Internet company based in Singapore’s stock valued at $1,806,000 after acquiring an additional 3,666 shares during the last quarter. DekaBank Deutsche Girozentrale raised its stake in shares of SEA by 175.1% in the 2nd quarter. DekaBank Deutsche Girozentrale now owns 100,858 shares of the Internet company based in Singapore’s stock valued at $7,491,000 after acquiring an additional 64,202 shares during the period. Finally, Parallel Advisors LLC lifted its holdings in shares of SEA by 5.2% in the 2nd quarter. Parallel Advisors LLC now owns 5,063 shares of the Internet company based in Singapore’s stock worth $362,000 after acquiring an additional 250 shares during the last quarter. Hedge funds and other institutional investors own 59.53% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have issued reports on SE. Phillip Securities reissued a “reduce” rating and issued a $100.00 target price (up previously from $80.00) on shares of SEA in a research report on Tuesday, November 19th. TD Cowen boosted 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. Bank of America raised their target price on SEA from $84.00 to $96.00 and gave the company a “buy” rating in a report on Monday, September 23rd. Barclays boosted their price target on shares of SEA from $94.00 to $131.00 and gave the stock an “overweight” rating in a research note on Thursday, November 14th. Finally, Dbs Bank raised shares of SEA from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, November 13th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $91.21.

SEA Stock Performance

Shares of SE stock opened at $110.18 on Wednesday. The company has a market cap of $63.06 billion, a P/E ratio of 734.53 and a beta of 1.54. The firm has a fifty day moving average price of $109.70 and a 200 day moving average price of $91.33. The company has a current ratio of 1.62, a quick ratio of 1.60 and a debt-to-equity ratio of 0.36. Sea Limited has a 12 month low of $34.35 and a 12 month high of $119.47.

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

SEA Company 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.