Brucke Financial Inc. Buys Shares of 1,985 Sea Limited (NYSE:SE)

Brucke Financial Inc. purchased a new position in Sea Limited (NYSE:SE - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 1,985 shares of the Internet company based in Singapore's stock, valued at approximately $211,000.

Other institutional investors have also modified their holdings of the company. Norges Bank purchased a new stake in shares of SEA during the 4th quarter worth $1,493,682,000. WCM Investment Management LLC grew its stake in SEA by 22.8% during the 4th quarter. WCM Investment Management LLC now owns 25,663,667 shares of the Internet company based in Singapore's stock valued at $2,758,331,000 after purchasing an additional 4,761,289 shares during the last quarter. Baillie Gifford & Co. increased its holdings in SEA by 3.5% in 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 buying an additional 1,390,531 shares during the period. Capital Research Global Investors raised its holdings in shares of SEA by 19.5% during 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, Ninety One UK Ltd lifted its holdings in shares of SEA by 1,673.2% in the 4th quarter. Ninety One UK Ltd now owns 1,243,888 shares of the Internet company based in Singapore's stock valued at $131,977,000 after buying an additional 1,173,738 shares during the period. 59.53% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

SE has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. raised shares of SEA from a "neutral" rating to an "overweight" rating and increased their price target for the stock from $135.00 to $190.00 in a report on Tuesday, May 13th. Bank of America cut shares of SEA from a "buy" rating to a "neutral" rating and set a $160.00 target price on the stock. in a research note on Friday, May 9th. Loop Capital reaffirmed a "buy" rating and issued a $190.00 price target (up previously from $165.00) on shares of SEA in a report on Thursday. Sanford C. Bernstein reiterated an "outperform" rating and issued a $170.00 target price on shares of SEA in a report on Wednesday, May 14th. Finally, Arete Research upgraded SEA to a "strong-buy" rating in a research report on Sunday, March 23rd. Three investment analysts have rated the stock with a hold rating, nine have given a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $147.15.

SEA Stock Down 0.5%

Shares of NYSE SE traded down $0.81 on Friday, hitting $160.40. The company had a trading volume of 5,670,257 shares, compared to its average volume of 4,454,427. The company has a quick ratio of 1.60, a current ratio of 1.62 and a debt-to-equity ratio of 0.36. Sea Limited has a 12-month low of $55.00 and a 12-month high of $169.28. The firm has a market capitalization of $94.49 billion, a P/E ratio of 1,069.33 and a beta of 1.70. The business has a 50 day moving average of $136.35 and a two-hundred day moving average of $125.07.

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

SEA 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.