Sea Limited (NYSE:SE) Shares Sold by ShawSpring Partners LLC

ShawSpring Partners LLC reduced its holdings in Sea Limited (NYSE:SE) by 55.1% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 848,797 shares of the Internet company based in Singapore’s stock after selling 1,041,510 shares during the quarter. SEA makes up 8.7% of ShawSpring Partners LLC’s portfolio, making the stock its 7th biggest holding. ShawSpring Partners LLC owned approximately 0.15% of SEA worth $60,621,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Eminence Capital LP acquired a new stake in shares of SEA during the 4th quarter worth $60,714,000. Healthcare of Ontario Pension Plan Trust Fund purchased a new position in shares of SEA in the 1st quarter worth about $60,171,000. Los Angeles Capital Management LLC grew its holdings in shares of SEA by 10,373.5% during the 2nd 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 purchasing an additional 1,025,833 shares during the period. Tree Line Advisors Hong Kong Ltd. acquired a new stake in SEA during the 1st quarter worth approximately $48,876,000. Finally, Wolf Hill Capital Management LP purchased a new position in SEA in the first quarter valued at approximately $45,104,000. 59.53% of the stock is currently owned by hedge funds and other institutional investors.

SEA Stock Up 0.9 %

Shares of SEA stock opened at $94.83 on Friday. The business has a 50-day moving average price of $75.71 and a 200 day moving average price of $69.08. Sea Limited has a fifty-two week low of $34.35 and a fifty-two week high of $96.09. The firm has a market cap of $54.28 billion, a P/E ratio of 1,896.60 and a beta of 1.51. The company has a quick ratio of 1.48, a current ratio of 1.49 and a debt-to-equity ratio of 0.41.

SEA (NYSE:SE) last posted its quarterly earnings results 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 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 analyst estimates of $3.73 billion. During the same period in the prior year, the company posted $0.54 earnings per share. The business’s revenue was up 23.0% on a year-over-year basis. On average, sell-side analysts forecast that Sea Limited will post 0.64 earnings per share for the current fiscal year.

Analyst Ratings Changes

SE has been the subject of several recent research reports. Wedbush reissued an “outperform” rating and issued a $84.00 price objective (up previously from $76.00) on shares of SEA in a research report on Tuesday, August 13th. Benchmark increased their target price 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 upped their price target on SEA from $92.00 to $94.00 and gave the stock a “buy” rating in a report on Monday, June 10th. Barclays boosted their target price on shares of SEA from $87.00 to $94.00 and gave the stock an “overweight” rating in a research report on Thursday, August 15th. Finally, Bank of America lifted their price target on shares of SEA from $84.00 to $96.00 and gave the stock a “buy” rating in a research note on Monday. Three research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $80.92.

SEA Company 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.