Versant Capital Management Inc Has $217,000 Holdings in Sea Limited (NYSE:SE)

Versant Capital Management Inc boosted its position in shares of Sea Limited (NYSE:SE - Free Report) by 7,468.2% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,665 shares of the Internet company based in Singapore's stock after purchasing an additional 1,643 shares during the period. Versant Capital Management Inc's holdings in SEA were worth $217,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the company. Norges Bank acquired a new position in SEA during the 4th quarter worth approximately $1,493,682,000. WCM Investment Management LLC increased its stake in SEA by 22.8% in 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 buying an additional 4,761,289 shares during the period. Baillie Gifford & Co. increased its stake 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 valued at $4,345,278,000 after buying an additional 1,390,531 shares during the period. Capital Research Global Investors grew its stake in shares of SEA by 19.5% during the 4th 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 period. Finally, Ninety One UK Ltd grew its stake in shares of SEA by 1,673.2% during the 4th quarter. Ninety One UK Ltd now owns 1,243,888 shares of the Internet company based in Singapore's stock worth $131,977,000 after purchasing an additional 1,173,738 shares during the period. 59.53% of the stock is owned by hedge funds and other institutional investors.

SEA Stock Up 1.3%

SEA stock traded up $2.27 during midday trading on Thursday, reaching $170.43. The stock had a trading volume of 3,622,576 shares, compared to its average volume of 4,444,451. The firm's fifty day simple moving average is $139.26 and its 200-day simple moving average is $126.79. Sea Limited has a 1-year low of $55.00 and a 1-year high of $172.65. The stock has a market capitalization of $100.40 billion, a P/E ratio of 1,136.20 and a beta of 1.70. 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 posted 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). SEA had a return on equity of 1.40% and a net margin of 0.64%. The company had revenue of $4.84 billion for the quarter, compared to analyst estimates of $4.90 billion. During the same period last year, the firm earned ($0.04) EPS. The firm's revenue for the quarter was up 29.6% compared to the same quarter last year. As a group, analysts expect that Sea Limited will post 0.74 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on SE. Loop Capital reissued a "buy" rating and issued a $190.00 price objective (up from $165.00) on shares of SEA in a research note on Thursday, May 29th. Wedbush reiterated an "outperform" rating on shares of SEA in a report on Wednesday, May 14th. Jefferies Financial Group raised their price target on shares of SEA from $131.00 to $157.00 and gave the company a "buy" rating in a report on Tuesday, March 4th. Barclays increased their price objective on shares of SEA from $182.00 to $200.00 and gave the company an "overweight" rating in a research report on Thursday, May 15th. Finally, Bank of America downgraded shares of SEA from a "buy" rating to a "neutral" rating and set a $160.00 price objective for the company. in a research report on Friday, May 9th. Three investment 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 company presently has a consensus rating of "Moderate Buy" and an average price target of $147.15.

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.