Sea Limited (NYSE:SE) Position Reduced by USS Investment Management Ltd

USS Investment Management Ltd trimmed its holdings in shares of Sea Limited (NYSE:SE - Free Report) by 16.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 73,788 shares of the Internet company based in Singapore's stock after selling 14,691 shares during the quarter. USS Investment Management Ltd's holdings in SEA were worth $7,825,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also modified their holdings of the company. Voloridge Investment Management LLC grew its stake in SEA by 33.4% in the fourth quarter. Voloridge Investment Management LLC now owns 550,847 shares of the Internet company based in Singapore's stock worth $58,445,000 after purchasing an additional 137,947 shares in the last quarter. Zurich Insurance Group Ltd FI acquired a new position in SEA in the fourth quarter worth about $17,924,000. State of Wyoming grew its stake in SEA by 3.1% in the fourth quarter. State of Wyoming now owns 3,010 shares of the Internet company based in Singapore's stock worth $319,000 after purchasing an additional 90 shares in the last quarter. Snowden Capital Advisors LLC grew its stake in SEA by 3.4% in the fourth quarter. Snowden Capital Advisors LLC now owns 20,340 shares of the Internet company based in Singapore's stock worth $2,158,000 after purchasing an additional 664 shares in the last quarter. Finally, Siemens Fonds Invest GmbH acquired a new position in SEA in the fourth quarter worth about $1,665,000. 59.53% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on SE shares. UBS Group lifted their price target on SEA from $135.00 to $176.00 and gave the stock a "buy" rating in a research note on Friday, March 7th. Bank of America downgraded SEA from a "buy" rating to a "neutral" rating and set a $160.00 target price for the company. in a research note on Friday, May 9th. JPMorgan Chase & Co. upgraded SEA from a "neutral" rating to an "overweight" rating and lifted their target price for the company from $135.00 to $190.00 in a research note on Tuesday, May 13th. Loop Capital lifted their target price on SEA from $135.00 to $165.00 and gave the company a "buy" rating in a research note on Monday, March 31st. Finally, Phillip Securities upgraded SEA from a "moderate sell" rating to a "hold" rating in a research note on Friday, March 7th. Three investment analysts have rated the stock with a hold rating, nine have given a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $145.23.

SEA Stock Performance

Shares of SE traded up $3.83 during mid-day trading on Friday, reaching $164.52. 3,655,239 shares of the company's stock traded hands, compared to its average volume of 4,451,012. The business's 50-day moving average price is $132.81 and its 200-day moving average price is $123.01. The stock has a market capitalization of $96.92 billion, a P/E ratio of 1,096.80 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 Limited has a 12 month low of $55.00 and a 12 month high of $165.90.

SEA (NYSE:SE - Get Free Report) last released its quarterly 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 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%. The business's quarterly revenue was up 29.6% on a year-over-year basis. During the same period last year, the firm posted ($0.04) EPS. Equities analysts predict that Sea Limited will post 0.74 earnings per share 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.