Los Angeles Capital Management LLC Purchases 1,025,833 Shares of Sea Limited (NYSE:SE)

Los Angeles Capital Management LLC boosted its holdings in Sea Limited (NYSE:SE) by 10,373.5% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,035,722 shares of the Internet company based in Singapore’s stock after acquiring an additional 1,025,833 shares during the quarter. Los Angeles Capital Management LLC’s holdings in SEA were worth $73,971,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. SOA Wealth Advisors LLC. purchased a new stake in SEA in the second quarter worth approximately $32,000. GAMMA Investing LLC boosted its stake 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 buying an additional 336 shares during the last quarter. Hexagon Capital Partners LLC boosted its stake in shares of 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 last quarter. EverSource Wealth Advisors LLC grew its holdings in shares of SEA by 38.6% in the fourth quarter. EverSource Wealth Advisors LLC now owns 1,414 shares of the Internet company based in Singapore’s stock worth $57,000 after acquiring an additional 394 shares during the period. Finally, Lindbrook Capital LLC increased its position in SEA by 78.8% during the first quarter. Lindbrook Capital LLC now owns 1,198 shares of the Internet company based in Singapore’s stock valued at $64,000 after acquiring an additional 528 shares during the last quarter. 59.53% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts have recently commented on SE shares. TD Cowen upped their price target on shares of SEA from $64.00 to $69.00 and gave the company a “hold” rating in a research report on Wednesday, August 14th. Bank of America increased their price target on shares of SEA from $77.00 to $84.00 and gave the stock a “buy” rating in a research report on Wednesday, August 14th. Loop Capital lifted their price target on shares of SEA from $92.00 to $94.00 and gave the stock a “buy” rating in a research note on Monday, June 10th. Deutsche Bank Aktiengesellschaft restated a “hold” rating and issued a $60.00 price objective on shares of SEA in a research note on Wednesday, May 15th. Finally, Benchmark lifted their target price on SEA from $87.00 to $94.00 and gave the company a “buy” rating in a research 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 company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $80.00.

SEA Price Performance

Shares of SEA stock traded down $1.54 during trading hours on Friday, hitting $77.18. The company’s stock had a trading volume of 4,918,825 shares, compared to its average volume of 5,862,331. 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 12-month low of $34.35 and a 12-month high of $83.69. The business has a 50 day moving average price of $72.25 and a two-hundred day moving average price of $65.79. The company has a market cap of $44.17 billion, a PE ratio of 1,543.20 and a beta of 1.51.

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 for the quarter, missing the consensus estimate of $0.59 by ($0.45). The business had revenue of $3.81 billion during the quarter, compared to the consensus estimate of $3.73 billion. SEA had a negative return on equity of 2.92% and a negative net margin of 1.36%. The company’s revenue for the quarter was up 23.0% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.54 earnings per share. Analysts expect that Sea Limited will post 0.64 earnings per share for the current fiscal year.

SEA 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.