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

ShawSpring Partners LLC lifted its stake in Sea Limited (NYSE:SE) by 11.1% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 943,179 shares of the Internet company based in Singapore’s stock after acquiring an additional 94,382 shares during the quarter. SEA accounts for 11.2% of ShawSpring Partners LLC’s investment portfolio, making the stock its 3rd largest position. ShawSpring Partners LLC owned 0.16% of SEA worth $88,923,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently made changes to their positions in SE. Baillie Gifford & Co. grew its holdings in shares of SEA by 15.5% in the third quarter. Baillie Gifford & Co. now owns 39,564,018 shares of the Internet company based in Singapore’s stock valued at $3,730,096,000 after purchasing an additional 5,295,590 shares in the last quarter. WCM Investment Management LLC raised its stake in shares of SEA by 35.9% in the third quarter. WCM Investment Management LLC now owns 20,902,378 shares of the Internet company based in Singapore’s stock valued at $1,971,303,000 after acquiring an additional 5,517,559 shares in the last quarter. Kaizen Investment Management Pte. Ltd. purchased a new position in SEA in the third quarter valued at $587,544,000. Eminence Capital LP grew its stake in SEA by 45.2% during the 2nd quarter. Eminence Capital LP now owns 4,522,441 shares of the Internet company based in Singapore’s stock worth $322,993,000 after purchasing an additional 1,408,314 shares in the last quarter. Finally, Prudential PLC grew its stake in SEA by 6.7% during the 2nd quarter. Prudential PLC now owns 3,649,862 shares of the Internet company based in Singapore’s stock worth $260,673,000 after purchasing an additional 229,500 shares in the last quarter. Hedge funds and other institutional investors own 59.53% of the company’s stock.

SEA Trading Down 0.1 %

NYSE:SE opened at $113.91 on Wednesday. Sea Limited has a 12-month low of $34.35 and a 12-month high of $117.85. The company has a current ratio of 1.62, a quick ratio of 1.60 and a debt-to-equity ratio of 0.36. The stock’s 50 day simple moving average is $98.08 and its 200-day simple moving average is $81.55. The firm has a market cap of $65.20 billion, a P/E ratio of 759.40 and a beta of 1.52.

SEA (NYSE:SE) last announced its quarterly earnings data on Tuesday, November 12th. The Internet company based in Singapore reported $0.24 EPS for the quarter, missing analysts’ consensus estimates of $0.59 by ($0.35). SEA had a return on equity of 1.40% and a net margin of 0.64%. The firm had revenue of $4.33 billion for the quarter, compared to analysts’ expectations of $4.09 billion. During the same quarter in the previous year, the company posted ($0.26) EPS. The firm’s quarterly revenue was up 30.8% compared to the same quarter last year. Equities analysts anticipate that Sea Limited will post 0.81 EPS for the current year.

Analyst Ratings Changes

Several brokerages have recently issued reports on SE. Bank of America lifted their price objective on SEA from $84.00 to $96.00 and gave the company a “buy” rating in a research note on Monday, September 23rd. Dbs Bank raised shares of SEA from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, November 13th. Barclays boosted their target price 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. Phillip Securities restated a “reduce” rating and issued a $100.00 price target (up from $80.00) on shares of SEA in a research note on Tuesday, November 19th. Finally, JPMorgan Chase & Co. raised SEA from a “neutral” rating to an “overweight” rating and upped their price objective for the stock from $66.00 to $90.00 in a research report on Wednesday, August 14th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, SEA currently has an average rating of “Moderate Buy” and a consensus price target of $91.21.

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.