GF Fund Management CO. LTD. bought a new position in shares of Sea Limited (NYSE:SE - Free Report) during the fourth quarter, according to its most recent filing with the SEC. The fund bought 48,485 shares of the Internet company based in Singapore's stock, valued at approximately $5,144,000.
A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Assenagon Asset Management S.A. bought a new stake in shares of SEA in the fourth quarter valued at approximately $463,000. Merit Financial Group LLC bought a new stake in shares of SEA in the fourth quarter valued at approximately $315,000. Ballentine Partners LLC raised its position in shares of SEA by 5.6% in the fourth quarter. Ballentine Partners LLC now owns 2,970 shares of the Internet company based in Singapore's stock valued at $315,000 after purchasing an additional 158 shares during the period. Atomi Financial Group Inc. increased its position in shares of SEA by 42.2% during the fourth quarter. Atomi Financial Group Inc. now owns 3,050 shares of the Internet company based in Singapore's stock valued at $324,000 after buying an additional 905 shares during the period. Finally, Nisa Investment Advisors LLC increased its position in shares of SEA by 95.7% during the fourth quarter. Nisa Investment Advisors LLC now owns 12,558 shares of the Internet company based in Singapore's stock valued at $1,332,000 after buying an additional 6,140 shares during the period. 59.53% of the stock is owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades
Several equities research analysts have recently weighed in on SE shares. Jefferies Financial Group upped their price target on SEA from $131.00 to $157.00 and gave the company a "buy" rating in a research report on Tuesday, March 4th. Loop Capital upped their price target on SEA from $135.00 to $165.00 and gave the company a "buy" rating in a research report on Monday, March 31st. Wedbush reiterated an "outperform" rating on shares of SEA in a research report on Wednesday, May 14th. Barclays boosted their price objective on SEA from $182.00 to $200.00 and gave the stock an "overweight" rating in a report on Thursday, May 15th. Finally, Phillip Securities raised SEA from a "moderate sell" rating to a "hold" rating in a report on Friday, March 7th. Three research analysts have rated the stock with a hold rating, nine have given a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $145.23.
Check Out Our Latest Analysis on SE
SEA Trading Down 0.2%
Shares of NYSE SE traded down $0.40 during trading hours on Wednesday, hitting $164.84. 4,604,638 shares of the company traded hands, compared to its average volume of 4,445,739. The stock has a market capitalization of $97.11 billion, a price-to-earnings ratio of 1,098.93 and a beta of 1.70. The company has a current ratio of 1.62, a quick ratio of 1.60 and a debt-to-equity ratio of 0.36. The company's 50 day moving average price is $134.34 and its 200 day moving average price is $123.99. Sea Limited has a 12 month low of $55.00 and a 12 month high of $169.28.
SEA (NYSE:SE - Get Free Report) last released 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). The business had revenue of $4.84 billion during the quarter, compared to analysts' expectations of $4.90 billion. SEA had a return on equity of 1.40% and a net margin of 0.64%. The business's revenue for the quarter was up 29.6% on a year-over-year basis. During the same quarter in the previous year, the business earned ($0.04) EPS. On average, equities research analysts anticipate that Sea Limited will post 0.74 earnings per share for the current fiscal year.
About SEA
(
Free Report)
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.
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