Axa S.A. Sells 4,723 Shares of Sea Limited (NYSE:SE)

Axa S.A. reduced its stake in shares of Sea Limited (NYSE:SE) by 14.8% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 27,105 shares of the Internet company based in Singapore’s stock after selling 4,723 shares during the quarter. Axa S.A.’s holdings in SEA were worth $1,936,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in the stock. SOA Wealth Advisors LLC. purchased a new position in SEA in the second quarter worth $32,000. GAMMA Investing LLC boosted its position in shares of SEA by 121.3% in the 1st quarter. GAMMA Investing LLC now owns 613 shares of the Internet company based in Singapore’s stock worth $33,000 after purchasing an additional 336 shares in the last quarter. Hexagon Capital Partners LLC grew its stake in SEA by 63.1% during the 2nd quarter. Hexagon Capital Partners LLC now owns 654 shares of the Internet company based in Singapore’s stock worth $47,000 after buying an additional 253 shares during the last quarter. UMB Bank n.a. increased its position in SEA by 50.8% during the 1st quarter. UMB Bank n.a. now owns 1,188 shares of the Internet company based in Singapore’s stock valued at $64,000 after buying an additional 400 shares in the last quarter. Finally, Canton Hathaway LLC raised its stake in SEA by 20.0% in the second quarter. Canton Hathaway LLC now owns 1,200 shares of the Internet company based in Singapore’s stock valued at $86,000 after buying an additional 200 shares during the last quarter. Institutional investors own 59.53% of the company’s stock.

SEA Trading Down 0.0 %

Shares of SEA stock opened at $94.30 on Tuesday. The firm has a 50-day simple moving average of $76.77 and a two-hundred day simple moving average of $69.71. 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 Limited has a fifty-two week low of $34.35 and a fifty-two week high of $96.09. The company has a market cap of $53.97 billion, a P/E ratio of 1,886.00 and a beta of 1.51.

SEA (NYSE:SE) last issued 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 analysts’ consensus estimates of $0.59 by ($0.45). The business had revenue of $3.81 billion for the quarter, compared to analysts’ expectations of $3.73 billion. SEA had a negative return on equity of 2.92% and a negative net margin of 1.36%. The business’s revenue for the quarter was up 23.0% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.54 EPS. As a group, equities analysts predict that Sea Limited will post 0.64 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on SE shares. Citigroup dropped 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. Loop Capital upped their price target on shares of SEA from $92.00 to $94.00 and gave the company a “buy” rating in a research note on Monday, June 10th. Dbs Bank reiterated a “hold” rating and set a $75.00 price objective on shares of SEA in a research note on Friday, June 28th. Barclays boosted their price objective on shares of SEA from $87.00 to $94.00 and gave the company an “overweight” rating in a report on Thursday, August 15th. Finally, Benchmark raised their target price on SEA from $87.00 to $94.00 and gave the stock a “buy” rating in a research note on Wednesday, August 14th. Three equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat, SEA has an average rating of “Moderate Buy” and an average price target 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.