Sea Limited (NYSE:SE) Shares Purchased by Signaturefd LLC

Signaturefd LLC boosted its position in shares of Sea Limited (NYSE:SE) by 33.2% in the second quarter, HoldingsChannel.com reports. The fund owned 7,396 shares of the Internet company based in Singapore’s stock after acquiring an additional 1,844 shares during the quarter. Signaturefd LLC’s holdings in SEA were worth $528,000 as of its most recent filing with the SEC.

Several other large investors have also added to or reduced their stakes in SE. Baillie Gifford & Co. boosted its holdings in shares of SEA by 0.4% in the 2nd quarter. Baillie Gifford & Co. now owns 34,268,428 shares of the Internet company based in Singapore’s stock valued at $2,447,451,000 after acquiring an additional 148,980 shares during the last quarter. Norges Bank purchased a new stake in SEA in the fourth quarter valued at $640,219,000. Kora Management LP boosted its holdings in SEA by 9.4% in the first quarter. Kora Management LP now owns 4,637,500 shares of the Internet company based in Singapore’s stock valued at $249,080,000 after purchasing an additional 400,000 shares during the last quarter. Artisan Partners Limited Partnership grew its position in SEA by 11.3% during the 4th quarter. Artisan Partners Limited Partnership now owns 4,131,880 shares of the Internet company based in Singapore’s stock worth $167,341,000 after purchasing an additional 420,802 shares during the period. Finally, Kontiki Capital Management HK Ltd. raised its stake in shares of SEA by 1.9% during the 1st quarter. Kontiki Capital Management HK Ltd. now owns 3,744,416 shares of the Internet company based in Singapore’s stock valued at $201,113,000 after buying an additional 68,900 shares during the last quarter. Hedge funds and other institutional investors own 59.53% of the company’s stock.

SEA Stock Up 1.0 %

Shares of NYSE SE opened at $78.31 on Friday. Sea Limited has a 52-week low of $34.35 and a 52-week high of $83.69. The company has a quick ratio of 1.48, a current ratio of 1.49 and a debt-to-equity ratio of 0.41. The company’s 50-day simple moving average is $71.87 and its 200-day simple moving average is $64.60. The firm has a market cap of $44.82 billion, a price-to-earnings ratio of 1,566.20 and a beta of 1.51.

SEA (NYSE:SE) last posted its quarterly earnings data on Tuesday, August 13th. The Internet company based in Singapore reported $0.14 EPS for the quarter, missing the consensus estimate of $0.59 by ($0.45). The firm 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%. SEA’s quarterly revenue was up 23.0% on a year-over-year basis. During the same quarter last year, the firm posted $0.54 earnings per share. Equities analysts predict that Sea Limited will post 0.62 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the company. Barclays upped their target price on SEA from $87.00 to $94.00 and gave the stock an “overweight” rating in a research note on Thursday, August 15th. Benchmark raised their price objective on shares of SEA from $87.00 to $94.00 and gave the stock a “buy” rating in a research note on Wednesday, August 14th. TD Cowen lifted their target price on shares of SEA from $64.00 to $69.00 and gave the company a “hold” rating in a report on Wednesday, August 14th. Loop Capital increased their price target on shares of SEA from $92.00 to $94.00 and gave the stock a “buy” rating in a report on Monday, June 10th. Finally, Bank of America raised their price target on shares of SEA from $77.00 to $84.00 and gave the company a “buy” rating in a research report on Wednesday, August 14th. Three analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $80.00.

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.