Sea Limited (NYSE:SE) Shares Sold by Mercer Global Advisors Inc. ADV

Mercer Global Advisors Inc. ADV reduced its holdings in Sea Limited (NYSE:SE) by 48.1% in the 2nd quarter, Holdings Channel reports. The institutional investor owned 22,699 shares of the Internet company based in Singapore’s stock after selling 21,011 shares during the quarter. Mercer Global Advisors Inc. ADV’s holdings in SEA were worth $1,621,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the business. Baillie Gifford & Co. lifted its holdings in shares of SEA by 0.4% in 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 during the period. Kora Management LP lifted its holdings in shares of SEA by 9.4% in the 1st quarter. Kora Management LP now owns 4,637,500 shares of the Internet company based in Singapore’s stock valued at $249,080,000 after buying an additional 400,000 shares during the period. Artisan Partners Limited Partnership lifted its holdings in shares of SEA by 11.3% in the 4th quarter. Artisan Partners Limited Partnership now owns 4,131,880 shares of the Internet company based in Singapore’s stock valued at $167,341,000 after buying an additional 420,802 shares during the period. Kontiki Capital Management HK Ltd. lifted its holdings in shares of SEA by 1.9% in the 1st 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 buying an additional 68,900 shares during the period. Finally, Prudential PLC lifted its holdings in shares of SEA by 6.7% in the 2nd quarter. Prudential PLC now owns 3,649,862 shares of the Internet company based in Singapore’s stock valued at $260,673,000 after buying an additional 229,500 shares during the period. 59.53% of the stock is owned by institutional investors and hedge funds.

SEA Price Performance

SE stock opened at $92.92 on Wednesday. Sea Limited has a 52-week low of $34.35 and a 52-week high of $92.99. The stock’s fifty day simple moving average is $74.71 and its 200-day simple moving average is $68.73. The company has a quick ratio of 1.48, a current ratio of 1.49 and a debt-to-equity ratio of 0.41. The stock has a market capitalization of $53.18 billion, a price-to-earnings ratio of 1,858.40 and a beta of 1.51.

SEA (NYSE:SE) last posted its quarterly earnings data on Tuesday, August 13th. The Internet company based in Singapore reported $0.14 earnings per share (EPS) 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 for the quarter, compared to analyst estimates of $3.73 billion. During the same quarter last year, the business earned $0.54 EPS. SEA’s revenue for the quarter was up 23.0% compared to the same quarter last year. Equities research analysts expect that Sea Limited will post 0.64 EPS for the current year.

Analysts Set New Price Targets

Several research firms recently weighed in on SE. JPMorgan Chase & Co. raised SEA from a “neutral” rating to an “overweight” rating and raised their price objective for the company from $66.00 to $90.00 in a research note on Wednesday, August 14th. Citigroup dropped their price objective on SEA from $81.00 to $80.00 and set a “buy” rating for the company in a research note on Tuesday, July 23rd. Benchmark raised their price objective on SEA from $87.00 to $94.00 and gave the company a “buy” rating in a research note on Wednesday, August 14th. Loop Capital raised their price objective on SEA from $92.00 to $94.00 and gave the company a “buy” rating in a research note on Monday, June 10th. Finally, Dbs Bank reaffirmed a “hold” rating and issued a $75.00 price objective on shares of SEA in a research note on Friday, June 28th. Three investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target 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.