Infinitum Asset Management LLC Takes $53.74 Million Position in Sea Limited (NYSE:SE)

Infinitum Asset Management LLC acquired a new position in Sea Limited (NYSE:SE - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 506,500 shares of the Internet company based in Singapore's stock, valued at approximately $53,740,000. SEA makes up about 28.4% of Infinitum Asset Management LLC's investment portfolio, making the stock its largest holding. Infinitum Asset Management LLC owned about 0.09% of SEA as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Private Trust Co. NA boosted its stake in SEA by 474.4% in the fourth quarter. Private Trust Co. NA now owns 247 shares of the Internet company based in Singapore's stock valued at $26,000 after acquiring an additional 204 shares during the last quarter. Kestra Investment Management LLC purchased a new stake in SEA during the fourth quarter valued at about $34,000. Farther Finance Advisors LLC boosted its position in SEA by 43.8% during the fourth quarter. Farther Finance Advisors LLC now owns 368 shares of the Internet company based in Singapore's stock worth $39,000 after purchasing an additional 112 shares during the period. Banque Transatlantique SA purchased a new position in shares of SEA in the fourth quarter worth about $39,000. Finally, Huntington National Bank raised its position in shares of SEA by 783.6% in the fourth quarter. Huntington National Bank now owns 486 shares of the Internet company based in Singapore's stock valued at $52,000 after purchasing an additional 431 shares during the period. Hedge funds and other institutional investors own 59.53% of the company's stock.

SEA Trading Down 2.3%

NYSE:SE traded down $3.75 during trading hours on Thursday, hitting $161.17. The company had a trading volume of 4,287,099 shares, compared to its average volume of 4,445,166. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.62 and a quick ratio of 1.60. The stock has a 50-day moving average price of $135.12 and a 200 day moving average price of $124.27. The company has a market capitalization of $94.95 billion, a PE ratio of 1,074.48 and a beta of 1.70. Sea Limited has a 52 week low of $55.00 and a 52 week high of $169.28.

SEA (NYSE:SE - Get Free Report) last announced its earnings results on Tuesday, May 13th. The Internet company based in Singapore reported $0.65 earnings per share for the quarter, missing analysts' consensus estimates of $0.93 by ($0.28). SEA had a net margin of 0.64% and a return on equity of 1.40%. The company had revenue of $4.84 billion for the quarter, compared to the consensus estimate of $4.90 billion. During the same period in the previous year, the firm posted ($0.04) EPS. The company's revenue for the quarter was up 29.6% on a year-over-year basis. On average, equities research analysts predict that Sea Limited will post 0.74 EPS for the current fiscal year.

Analyst Ratings Changes

Several research analysts have recently commented on SE shares. Phillip Securities raised SEA from a "moderate sell" rating to a "hold" rating in a report on Friday, March 7th. Jefferies Financial Group boosted their price target on shares of SEA from $131.00 to $157.00 and gave the stock a "buy" rating in a research note on Tuesday, March 4th. Sanford C. Bernstein restated an "outperform" rating and set a $170.00 price objective on shares of SEA in a research report on Wednesday, May 14th. UBS Group raised their price objective on SEA from $135.00 to $176.00 and gave the company a "buy" rating in a report on Friday, March 7th. Finally, Bank of America downgraded SEA from a "buy" rating to a "neutral" rating and set a $160.00 target price for the company. in a research report on Friday, May 9th. Three equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $147.15.

SEA Company Profile

Sea Ltd. is an internet and mobile platform company, which engages in the provision of online gaming services. It operates through the following segments: Digital Entertainment, E-Commerce, and Digital Financial Services. The Digital Entertainment segment offers and develops mobile and PC online games.