Myriad Asset Management US LP Takes $7 Million Position in Sea Limited (NYSE:SE)

Myriad Asset Management US LP acquired a new position in shares of Sea Limited (NYSE:SE - Free Report) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 53,616 shares of the Internet company based in Singapore's stock, valued at approximately $6,996,000. SEA accounts for approximately 2.9% of Myriad Asset Management US LP's portfolio, making the stock its 6th largest position.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. State of Wyoming increased its holdings in SEA by 3.1% in the 4th quarter. State of Wyoming now owns 3,010 shares of the Internet company based in Singapore's stock valued at $319,000 after buying an additional 90 shares during the period. Covenant Partners LLC boosted its position in shares of SEA by 2.4% during the 4th quarter. Covenant Partners LLC now owns 4,248 shares of the Internet company based in Singapore's stock worth $451,000 after acquiring an additional 101 shares in the last quarter. Farther Finance Advisors LLC increased its stake in SEA by 43.8% in the fourth quarter. Farther Finance Advisors LLC now owns 368 shares of the Internet company based in Singapore's stock valued at $39,000 after acquiring an additional 112 shares during the last quarter. SOA Wealth Advisors LLC. increased its stake in SEA by 25.0% in the fourth quarter. SOA Wealth Advisors LLC. now owns 750 shares of the Internet company based in Singapore's stock valued at $80,000 after acquiring an additional 150 shares during the last quarter. Finally, Kolinsky Wealth Management LLC raised its position in SEA by 6.3% during the fourth quarter. Kolinsky Wealth Management LLC now owns 2,587 shares of the Internet company based in Singapore's stock valued at $274,000 after purchasing an additional 154 shares in the last quarter. 59.53% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on SE shares. Loop Capital restated a "buy" rating and issued a $190.00 price target (up from $165.00) on shares of SEA in a research note on Thursday, May 29th. JPMorgan Chase & Co. raised shares of SEA from a "neutral" rating to an "overweight" rating and increased their price objective for the company from $135.00 to $190.00 in a research note on Tuesday, May 13th. Wedbush reaffirmed an "outperform" rating on shares of SEA in a research note on Wednesday, May 14th. Barclays upped their price target on shares of SEA from $182.00 to $200.00 and gave the stock an "overweight" rating in a report on Thursday, May 15th. Finally, Bank of America downgraded SEA from a "buy" rating to a "neutral" rating and set a $160.00 price objective on the stock. in a report on Friday, May 9th. Three analysts have rated the stock with a hold rating, nine have issued a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $147.15.

SEA Trading Up 1.3%

Shares of NYSE SE traded up $2.27 during trading on Thursday, reaching $170.43. The company had a trading volume of 3,619,772 shares, compared to its average volume of 4,441,615. Sea Limited has a 12 month low of $55.00 and a 12 month high of $172.62. The company has a quick ratio of 1.60, a current ratio of 1.62 and a debt-to-equity ratio of 0.36. The stock has a market cap of $100.40 billion, a P/E ratio of 1,136.20 and a beta of 1.70. The company's fifty day moving average price is $138.46 and its 200-day moving average price is $126.37.

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). SEA had a net margin of 0.64% and a return on equity of 1.40%. The firm had revenue of $4.84 billion for the quarter, compared to analyst estimates of $4.90 billion. During the same period in the prior year, the company posted ($0.04) EPS. The business's revenue for the quarter was up 29.6% compared to the same quarter last year. As a group, research analysts expect 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.