Amiral Gestion Makes New $3.71 Million Investment in Sea Limited (NYSE:SE)

Amiral Gestion acquired a new stake in Sea Limited (NYSE:SE - Free Report) in the fourth quarter, according to its most recent filing with the SEC. The fund acquired 35,000 shares of the Internet company based in Singapore's stock, valued at approximately $3,714,000. SEA makes up 2.3% of Amiral Gestion's holdings, making the stock its 13th largest holding.

A number of other hedge funds have also bought and sold shares of the business. Baillie Gifford & Co. lifted its holdings in shares of SEA by 3.5% during the 4th quarter. Baillie Gifford & Co. now owns 40,954,549 shares of the Internet company based in Singapore's stock worth $4,345,278,000 after acquiring an additional 1,390,531 shares during the last quarter. WCM Investment Management LLC lifted its stake in SEA by 22.8% in the fourth quarter. WCM Investment Management LLC now owns 25,663,667 shares of the Internet company based in Singapore's stock worth $2,758,331,000 after purchasing an additional 4,761,289 shares during the last quarter. Norges Bank bought a new stake in SEA in the fourth quarter worth $1,493,682,000. Capital Research Global Investors lifted its stake in SEA by 19.5% in the fourth quarter. Capital Research Global Investors now owns 8,126,064 shares of the Internet company based in Singapore's stock worth $862,175,000 after purchasing an additional 1,325,183 shares during the last quarter. Finally, Geode Capital Management LLC increased its position in shares of SEA by 4.6% during the fourth quarter. Geode Capital Management LLC now owns 3,201,601 shares of the Internet company based in Singapore's stock valued at $335,084,000 after buying an additional 142,080 shares during the period. 59.53% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

SE has been the topic of several research analyst reports. Benchmark boosted their price target on shares of SEA from $150.00 to $180.00 and gave the company a "buy" rating in a research report on Wednesday, May 14th. Jefferies Financial Group raised their target price on shares of SEA from $131.00 to $157.00 and gave the company a "buy" rating in a research note on Tuesday, March 4th. Wedbush reaffirmed an "outperform" rating on shares of SEA in a research note on Wednesday, May 14th. Bank of America downgraded shares of SEA from a "buy" rating to a "neutral" rating and set a $160.00 target price for the company. in a research note on Friday, May 9th. Finally, Arete Research raised shares of SEA to a "strong-buy" rating in a research note on Sunday, March 23rd. Three investment analysts have rated the stock with a hold rating, nine have issued a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $147.15.

SEA Stock Performance

SEA stock traded down $3.09 during midday trading on Thursday, reaching $161.84. 2,190,549 shares of the company traded hands, compared to its average volume of 4,437,035. The firm has a market capitalization of $95.34 billion, a price-to-earnings ratio of 1,078.72 and a beta of 1.70. The business has a 50 day moving average of $135.12 and a two-hundred day moving average of $124.27. Sea Limited has a 12 month low of $55.00 and a 12 month high of $169.28. 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 (NYSE:SE - Get Free Report) last issued its quarterly earnings data 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). The company had revenue of $4.84 billion for the quarter, compared to the consensus estimate of $4.90 billion. SEA had a net margin of 0.64% and a return on equity of 1.40%. The firm's revenue for the quarter was up 29.6% on a year-over-year basis. During the same quarter last year, the company earned ($0.04) EPS. As a group, research analysts predict that Sea Limited will post 0.74 earnings per share for the current year.

About SEA

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.