Sumitomo Mitsui DS Asset Management Company Ltd Boosts Stake in Sea Limited (NYSE:SE)

Sumitomo Mitsui DS Asset Management Company Ltd increased its stake in Sea Limited (NYSE:SE) by 1.2% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 36,354 shares of the Internet company based in Singapore’s stock after purchasing an additional 446 shares during the quarter. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in SEA were worth $3,427,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of SE. SOA Wealth Advisors LLC. purchased a new position in SEA during the second quarter valued at approximately $32,000. GAMMA Investing LLC lifted its stake in shares of SEA by 121.3% during the 1st quarter. GAMMA Investing LLC now owns 613 shares of the Internet company based in Singapore’s stock valued at $33,000 after buying an additional 336 shares in the last quarter. Hexagon Capital Partners LLC boosted its holdings in SEA by 63.1% in 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 period. Canton Hathaway LLC boosted its holdings in SEA by 20.0% in the 2nd quarter. Canton Hathaway LLC now owns 1,200 shares of the Internet company based in Singapore’s stock worth $86,000 after buying an additional 200 shares during the period. Finally, Point72 DIFC Ltd purchased a new stake in SEA in the 2nd quarter worth $100,000. 59.53% of the stock is currently owned by hedge funds and other institutional investors.

SEA Stock Down 0.1 %

Shares of NYSE:SE opened at $98.90 on Monday. The company has a 50-day moving average price of $86.14 and a 200 day moving average price of $73.73. The company has a current ratio of 1.49, a quick ratio of 1.48 and a debt-to-equity ratio of 0.41. Sea Limited has a 12 month low of $34.35 and a 12 month high of $101.60. The company has a market cap of $56.60 billion, a price-to-earnings ratio of 1,978.00 and a beta of 1.52.

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). The company had revenue of $3.81 billion during the quarter, compared to the consensus estimate of $3.73 billion. SEA had a negative net margin of 1.36% and a negative return on equity of 2.92%. SEA’s revenue for the quarter was up 23.0% on a year-over-year basis. During the same period in the previous year, the business earned $0.54 earnings per share. As a group, equities research analysts predict that Sea Limited will post 0.64 earnings per share for the current year.

Analysts Set New Price Targets

Several brokerages have recently commented on SE. Barclays boosted their price objective on SEA from $87.00 to $94.00 and gave the company an “overweight” rating in a research report on Thursday, August 15th. Wedbush reaffirmed an “outperform” rating and set a $84.00 price objective (up from $76.00) on shares of SEA in a report on Tuesday, August 13th. Citigroup reduced their price objective on shares of SEA from $81.00 to $80.00 and set a “buy” rating on the stock in a research report on Tuesday, July 23rd. Bank of America upped their target price on shares of SEA from $84.00 to $96.00 and gave the stock a “buy” rating in a research report on Monday, September 23rd. Finally, TD Cowen lifted their price target on shares of SEA from $64.00 to $69.00 and gave the company a “hold” rating in a report on Wednesday, August 14th. Three research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average 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.