Thornburg Investment Management Inc. Sells 9,017 Shares of Sea Limited (NYSE:SE)

Thornburg Investment Management Inc. reduced its position in Sea Limited (NYSE:SE - Free Report) by 2.3% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 378,991 shares of the Internet company based in Singapore's stock after selling 9,017 shares during the quarter. Thornburg Investment Management Inc. owned about 0.07% of SEA worth $40,211,000 as of its most recent filing with the SEC.

Several other hedge funds also recently made changes to their positions in SE. Snowden Capital Advisors LLC lifted its position in shares of SEA by 3.4% during the 4th 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 acquiring an additional 664 shares during the period. Siemens Fonds Invest GmbH purchased a new stake in SEA during the fourth quarter worth approximately $1,665,000. Shell Asset Management Co. grew its holdings in SEA by 6.2% during the 4th quarter. Shell Asset Management Co. now owns 14,229 shares of the Internet company based in Singapore's stock valued at $1,510,000 after purchasing an additional 835 shares in the last quarter. Sig Brokerage LP purchased a new position in SEA in the fourth quarter valued at about $617,000. Finally, Redwood Investments LLC bought a new stake in shares of SEA in the 4th quarter worth about $394,000. Institutional investors and hedge funds own 59.53% of the company's stock.

SEA Trading Up 2.5%

Shares of NYSE SE traded up $4.09 during midday trading on Friday, hitting $164.78. The stock had a trading volume of 1,913,600 shares, compared to its average volume of 4,444,152. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.62 and a quick ratio of 1.60. Sea Limited has a fifty-two week low of $55.00 and a fifty-two week high of $165.83. The firm has a market cap of $97.07 billion, a P/E ratio of 1,097.10 and a beta of 1.70. The company's 50-day simple moving average is $132.03 and its 200 day simple moving average is $122.34.

SEA (NYSE:SE - Get Free Report) last issued its earnings results on Tuesday, May 13th. The Internet company based in Singapore reported $0.65 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.93 by ($0.28). SEA had a net margin of 0.64% and a return on equity of 1.40%. The business had revenue of $4.84 billion during the quarter, compared to the consensus estimate of $4.90 billion. During the same period last year, the business posted ($0.04) EPS. The firm's revenue for the quarter was up 29.6% compared to the same quarter last year. Research analysts anticipate that Sea Limited will post 0.74 EPS for the current year.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on SE shares. Wedbush reiterated an "outperform" rating on shares of SEA in a research report on Wednesday, May 14th. Phillip Securities raised SEA from a "moderate sell" rating to a "hold" rating in a research note on Friday, March 7th. Arete Research raised shares of SEA to a "strong-buy" rating in a research note on Sunday, March 23rd. Jefferies Financial Group lifted their target price on SEA from $131.00 to $157.00 and gave the company a "buy" rating in a research note on Tuesday, March 4th. Finally, Loop Capital increased their target price on shares of SEA from $135.00 to $165.00 and gave the stock a "buy" rating in a research report on Monday, March 31st. Three equities research 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. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $145.23.

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.