SG Americas Securities LLC Buys 395,926 Shares of Sea Limited (NYSE:SE)

SG Americas Securities LLC lifted its holdings in shares of Sea Limited (NYSE:SE - Free Report) by 3,839.1% in the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 406,239 shares of the Internet company based in Singapore's stock after buying an additional 395,926 shares during the period. SG Americas Securities LLC owned about 0.07% of SEA worth $53,010,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of the business. Baillie Gifford & Co. raised its holdings in shares of SEA by 3.5% during the 4th quarter. Baillie Gifford & Co. now owns 40,954,549 shares of the Internet company based in Singapore's stock worth $4,345,278,000 after buying an additional 1,390,531 shares in the last quarter. Norges Bank acquired a new position in SEA in the 4th quarter worth about $1,493,682,000. Capital Research Global Investors increased its holdings in SEA by 19.5% in 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 in the last quarter. Geode Capital Management LLC increased its holdings in SEA by 4.6% in the 4th quarter. Geode Capital Management LLC now owns 3,201,601 shares of the Internet company based in Singapore's stock worth $335,084,000 after purchasing an additional 142,080 shares in the last quarter. Finally, Northern Trust Corp increased its holdings in SEA by 12.6% in the 4th quarter. Northern Trust Corp now owns 2,946,347 shares of the Internet company based in Singapore's stock worth $312,607,000 after purchasing an additional 329,881 shares in the last quarter. Institutional investors and hedge funds own 59.53% of the company's stock.

SEA Stock Performance

Shares of SEA stock traded down $2.56 during trading hours on Wednesday, reaching $154.31. The company had a trading volume of 4,783,151 shares, compared to its average volume of 4,448,190. Sea Limited has a one year low of $55.00 and a one year high of $172.65. The business has a fifty day simple moving average of $142.23 and a 200 day simple moving average of $128.06. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.62 and a quick ratio of 1.60. The firm has a market cap of $90.90 billion, a PE ratio of 1,028.71 and a beta of 1.64.

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 (EPS) 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 firm had revenue of $4.84 billion for the quarter, compared to the consensus estimate of $4.90 billion. During the same period last year, the firm earned ($0.04) EPS. The company's revenue for the quarter was up 29.6% on a year-over-year basis. On average, analysts anticipate that Sea Limited will post 0.74 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts have issued reports on the company. Barclays upped their target price on SEA from $182.00 to $200.00 and gave the stock an "overweight" rating in a report on Thursday, May 15th. JPMorgan Chase & Co. upgraded SEA from a "neutral" rating to an "overweight" rating and upped their target price for the company from $135.00 to $190.00 in a research report on Tuesday, May 13th. Phillip Securities raised SEA from a "moderate sell" rating to a "hold" rating in a research note on Friday, March 7th. UBS Group increased their price objective on SEA from $135.00 to $176.00 and gave the stock a "buy" rating in a research note on Friday, March 7th. Finally, Jefferies Financial Group increased their price target on SEA from $131.00 to $157.00 and gave the company a "buy" rating in a research report on Tuesday, March 4th. 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 has an average rating of "Moderate Buy" and an average target price of $147.15.

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.