GAMMA Investing LLC Raises Stock Position in Sea Limited (NYSE:SE)

GAMMA Investing LLC lifted its position in Sea Limited (NYSE:SE - Free Report) by 21,056.0% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 348,017 shares of the Internet company based in Singapore's stock after purchasing an additional 346,372 shares during the quarter. GAMMA Investing LLC owned about 0.06% of SEA worth $45,413,000 at the end of the most recent reporting period.

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

Analyst Ratings Changes

Several research analysts have weighed in on the stock. Arete Research raised shares of SEA to a "strong-buy" rating in a research note on Sunday, March 23rd. JPMorgan Chase & Co. raised shares of SEA from a "neutral" rating to an "overweight" rating and increased their target price for the stock from $135.00 to $190.00 in a research note on Tuesday, May 13th. UBS Group increased their target price on shares of SEA from $135.00 to $176.00 and gave the stock a "buy" rating in a research note on Friday, March 7th. Loop Capital reissued a "buy" rating and set a $190.00 price target (up previously from $165.00) on shares of SEA in a research report on Thursday, May 29th. Finally, Wedbush reissued an "outperform" rating on shares of SEA in a research report on Wednesday, May 14th. 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's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $147.15.

SEA Stock Up 1.3%

NYSE:SE traded up $2.27 during mid-day trading on Thursday, hitting $170.43. The stock had a trading volume of 3,622,576 shares, compared to its average volume of 4,441,633. The stock has a 50-day simple moving average of $138.46 and a two-hundred day simple moving average of $126.37. The company has a market capitalization of $100.40 billion, a PE ratio of 1,136.20 and a beta of 1.70. Sea Limited has a twelve month low of $55.00 and a twelve month high of $172.62. The company has a current ratio of 1.62, a quick ratio of 1.60 and a debt-to-equity ratio of 0.36.

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

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.