Sylebra Capital LLC lowered its stake in Sea Limited (NYSE:SE - Free Report) by 48.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 121,214 shares of the Internet company based in Singapore's stock after selling 114,834 shares during the period. SEA accounts for approximately 0.5% of Sylebra Capital LLC's holdings, making the stock its 24th biggest holding. Sylebra Capital LLC's holdings in SEA were worth $12,861,000 as of its most recent SEC filing.
Other hedge funds have also recently modified their holdings of the company. Private Trust Co. NA boosted its holdings in shares of SEA by 474.4% during the 4th quarter. Private Trust Co. NA now owns 247 shares of the Internet company based in Singapore's stock valued at $26,000 after buying an additional 204 shares in the last quarter. Kestra Investment Management LLC bought a new stake in shares of SEA during the 4th quarter valued at $34,000. Farther Finance Advisors LLC boosted its holdings in shares of SEA by 43.8% during the 4th quarter. Farther Finance Advisors LLC now owns 368 shares of the Internet company based in Singapore's stock valued at $39,000 after buying an additional 112 shares in the last quarter. Banque Transatlantique SA bought a new stake in shares of SEA during the 4th quarter valued at $39,000. Finally, Huntington National Bank boosted its holdings in shares of SEA by 783.6% during the 4th quarter. Huntington National Bank now owns 486 shares of the Internet company based in Singapore's stock valued at $52,000 after buying an additional 431 shares in the last quarter. Institutional investors own 59.53% of the company's stock.
SEA Price Performance
NYSE SE traded down $0.81 during mid-day trading on Friday, hitting $160.40. The stock had a trading volume of 5,670,257 shares, compared to its average volume of 4,454,427. The firm's 50 day moving average is $136.35 and its 200 day moving average is $125.07. Sea Limited has a twelve month low of $55.00 and a twelve month high of $169.28. 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 stock has a market capitalization of $94.49 billion, a price-to-earnings ratio of 1,069.33 and a beta of 1.70.
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 analysts' consensus estimates 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 during the quarter, compared to analyst estimates of $4.90 billion. During the same period last year, the business earned ($0.04) earnings per share. The firm's revenue was up 29.6% compared to the same quarter last year. Equities research analysts forecast that Sea Limited will post 0.74 earnings per share for the current fiscal year.
Wall Street Analyst Weigh In
Several equities analysts have recently issued reports on SE shares. Wedbush reaffirmed an "outperform" rating on shares of SEA in a research report on Wednesday, May 14th. Barclays boosted their price objective on SEA from $182.00 to $200.00 and gave the company an "overweight" rating in a research note on Thursday, May 15th. Sanford C. Bernstein reiterated an "outperform" rating and set a $170.00 price objective on shares of SEA in a research note on Wednesday, May 14th. JPMorgan Chase & Co. upgraded SEA from a "neutral" rating to an "overweight" rating and boosted their price objective for the company from $135.00 to $190.00 in a research note on Tuesday, May 13th. Finally, Arete Research upgraded SEA to a "strong-buy" rating in a research note on Sunday, March 23rd. Three equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $147.15.
Get Our Latest Stock Analysis on SEA
About SEA
(
Free Report)
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.
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