Sea Limited (NYSE:SE) Shares Acquired by Polymer Capital Management HK LTD

Polymer Capital Management HK LTD boosted its holdings in Sea Limited (NYSE:SE) by 42.9% during the third quarter, Holdings Channel.com reports. The fund owned 54,720 shares of the Internet company based in Singapore’s stock after acquiring an additional 16,420 shares during the period. SEA accounts for 1.2% of Polymer Capital Management HK LTD’s investment portfolio, making the stock its 23rd largest holding. Polymer Capital Management HK LTD’s holdings in SEA were worth $5,159,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in SE. Rosenberg Matthew Hamilton lifted its position in shares of SEA by 213.7% in the third quarter. Rosenberg Matthew Hamilton now owns 298 shares of the Internet company based in Singapore’s stock valued at $28,000 after acquiring an additional 203 shares in the last quarter. SOA Wealth Advisors LLC. acquired a new position in shares of SEA in the 2nd quarter valued at $32,000. Truvestments Capital LLC purchased a new stake in shares of SEA during the 3rd quarter valued at $41,000. Hexagon Capital Partners LLC increased its holdings in shares of 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. Finally, Icon Wealth Advisors LLC purchased a new position in shares of SEA in the 3rd quarter worth $47,000. Institutional investors and hedge funds own 59.53% of the company’s stock.

SEA Price Performance

Shares of SE stock opened at $115.48 on Wednesday. The firm has a market cap of $66.09 billion, a P/E ratio of 769.87 and a beta of 1.53. The firm has a fifty day moving average of $101.50 and a two-hundred day moving average of $83.51. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.62 and a quick ratio of 1.60. Sea Limited has a 1-year low of $34.35 and a 1-year high of $117.85.

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

Analysts Set New Price Targets

SE has been the subject of several research analyst reports. JPMorgan Chase & Co. upgraded SEA from a “neutral” rating to an “overweight” rating and upped their price target for the stock from $66.00 to $90.00 in a research note on Wednesday, August 14th. Barclays increased their target price on shares of SEA from $94.00 to $131.00 and gave the stock an “overweight” rating in a research report on Thursday, November 14th. Bank of America lifted their price target on shares of SEA from $84.00 to $96.00 and gave the company a “buy” rating in a research report on Monday, September 23rd. Wedbush reissued an “outperform” rating and issued a $105.00 price objective (up previously from $84.00) on shares of SEA in a research report on Monday, November 4th. Finally, Benchmark upped their price target on shares of SEA from $94.00 to $130.00 and gave the stock a “buy” rating in a research report on Wednesday, November 13th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price 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.