Think Investments LP Has $35.59 Million Position in Sea Limited (NYSE:SE)

Think Investments LP decreased its position in Sea Limited (NYSE:SE - Free Report) by 12.3% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 335,400 shares of the Internet company based in Singapore's stock after selling 47,000 shares during the period. SEA comprises approximately 7.8% of Think Investments LP's portfolio, making the stock its 6th biggest holding. Think Investments LP owned about 0.06% of SEA worth $35,586,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in SE. State of Wyoming raised its position in SEA by 3.1% during 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 purchasing an additional 90 shares during the last quarter. Snowden Capital Advisors LLC increased its stake in shares of SEA by 3.4% during the fourth quarter. Snowden Capital Advisors LLC now owns 20,340 shares of the Internet company based in Singapore's stock valued at $2,158,000 after buying an additional 664 shares during the period. Siemens Fonds Invest GmbH bought a new position in shares of SEA during the fourth quarter valued at approximately $1,665,000. Shell Asset Management Co. lifted its stake in SEA by 6.2% in the fourth quarter. Shell Asset Management Co. now owns 14,229 shares of the Internet company based in Singapore's stock worth $1,510,000 after acquiring an additional 835 shares during the period. Finally, Sig Brokerage LP purchased a new stake in SEA in the fourth quarter worth $617,000. 59.53% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research analysts have issued reports on the stock. Wedbush reissued an "outperform" rating on shares of SEA in a research report on Wednesday, May 14th. Barclays increased their price target on shares of SEA from $182.00 to $200.00 and gave the stock an "overweight" rating in a research note on Thursday, May 15th. UBS Group lifted their price objective on SEA from $135.00 to $176.00 and gave the company a "buy" rating in a research report on Friday, March 7th. Phillip Securities raised SEA from a "moderate sell" rating to a "hold" rating in a research report on Friday, March 7th. Finally, JPMorgan Chase & Co. upgraded SEA from a "neutral" rating to an "overweight" rating and raised their target price for the company from $135.00 to $190.00 in a research note on Tuesday, May 13th. 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 company has a consensus rating of "Moderate Buy" and an average target price of $145.23.

SEA Stock Down 0.2%

Shares of SEA stock traded down $0.28 during midday trading on Tuesday, hitting $162.44. The company had a trading volume of 2,319,121 shares, compared to its average volume of 4,462,608. The company has a 50 day moving average of $130.74 and a 200 day moving average of $121.60. The stock has a market capitalization of $95.70 billion, a P/E ratio of 1,082.93 and a beta of 1.70. Sea Limited has a 52-week low of $55.00 and a 52-week high of $165.31. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.60 and a current ratio of 1.62.

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 for the quarter, missing the consensus estimate 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%. SEA's revenue was up 29.6% compared to the same quarter last year. During the same quarter in the previous year, the business earned ($0.04) earnings per share. On average, equities analysts predict 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.