Sea Limited (NYSE:SE) Shares Sold by Charles Lim Capital Ltd

Charles Lim Capital Ltd cut its holdings in shares of Sea Limited (NYSE:SE) by 35.0% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 650,000 shares of the Internet company based in Singapore’s stock after selling 350,000 shares during the quarter. SEA accounts for about 11.4% of Charles Lim Capital Ltd’s investment portfolio, making the stock its 5th largest holding. Charles Lim Capital Ltd owned 0.11% of SEA worth $46,423,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Syon Capital LLC acquired a new stake in SEA during the 4th quarter worth about $357,000. Hexagon Capital Partners LLC boosted its position in 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 acquiring an additional 253 shares during the period. Wasatch Advisors LP raised its stake in shares of SEA by 3.2% during the 1st quarter. Wasatch Advisors LP now owns 1,544,492 shares of the Internet company based in Singapore’s stock worth $82,955,000 after purchasing an additional 48,273 shares in the last quarter. Swedbank AB purchased a new stake in shares of SEA during the 1st quarter worth about $4,404,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. raised its stake in shares of SEA by 18.4% during the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 202,229 shares of the Internet company based in Singapore’s stock worth $10,862,000 after purchasing an additional 31,470 shares in the last quarter. 59.53% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

SE has been the subject of a number of recent research reports. Barclays raised their price target on SEA from $87.00 to $94.00 and gave the stock an “overweight” rating in a research note on Thursday, August 15th. TD Cowen raised their price target on SEA from $64.00 to $69.00 and gave the stock a “hold” rating in a research note on Wednesday, August 14th. Loop Capital raised their price target on SEA from $92.00 to $94.00 and gave the stock a “buy” rating in a research note on Monday, June 10th. Bank of America raised their price target on SEA from $77.00 to $84.00 and gave the stock a “buy” rating in a research note on Wednesday, August 14th. Finally, Dbs Bank reaffirmed a “hold” rating and set a $75.00 price target on shares of SEA in a research note on Friday, June 28th. Three investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $80.00.

SEA Stock Performance

SE opened at $80.32 on Wednesday. The firm has a market capitalization of $45.97 billion, a P/E ratio of 1,606.40 and a beta of 1.51. The stock’s 50 day moving average price is $73.15 and its two-hundred day moving average price is $67.46. The company has a quick ratio of 1.48, a current ratio of 1.49 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 $83.69.

SEA (NYSE:SE) last released its earnings results on Tuesday, August 13th. The Internet company based in Singapore reported $0.14 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.59 by ($0.45). The business had revenue of $3.81 billion during the quarter, compared to analyst estimates of $3.73 billion. SEA had a negative net margin of 1.36% and a negative return on equity of 2.92%. The business’s quarterly revenue was up 23.0% compared to the same quarter last year. During the same period last year, the business earned $0.54 EPS. On average, equities analysts forecast that Sea Limited will post 0.64 earnings per share for the current year.

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.