Tidal Investments LLC Reduces Stock Holdings in Sea Limited (NYSE:SE)

Tidal Investments LLC decreased its holdings in shares of Sea Limited (NYSE:SE - Free Report) by 42.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 62,931 shares of the Internet company based in Singapore's stock after selling 46,103 shares during the quarter. Tidal Investments LLC's holdings in SEA were worth $6,677,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. State of Wyoming grew its position 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 acquiring an additional 90 shares in the last quarter. Snowden Capital Advisors LLC raised 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 buying an additional 664 shares in the last quarter. Siemens Fonds Invest GmbH bought a new position in SEA in the fourth quarter worth about $1,665,000. Shell Asset Management Co. raised its stake in SEA by 6.2% in the fourth quarter. Shell Asset Management Co. now owns 14,229 shares of the Internet company based in Singapore's stock worth $1,510,000 after buying an additional 835 shares in the last quarter. Finally, Sig Brokerage LP bought a new position in shares of SEA during the fourth quarter valued at approximately $617,000. Institutional investors own 59.53% of the company's stock.

Analyst Ratings Changes

A number of brokerages have weighed in on SE. Loop Capital raised their target price on shares of SEA from $135.00 to $165.00 and gave the company a "buy" rating in a research note on Monday, March 31st. Barclays raised their target price on shares of SEA from $182.00 to $200.00 and gave the stock an "overweight" rating in a report on Thursday, May 15th. UBS Group lifted their price target on shares of SEA from $135.00 to $176.00 and gave the stock a "buy" rating in a research note on Friday, March 7th. Arete Research upgraded shares of SEA to a "strong-buy" rating in a research note on Sunday, March 23rd. Finally, Jefferies Financial Group lifted their target price on shares of SEA from $131.00 to $157.00 and gave the company a "buy" rating in a research note on Tuesday, March 4th. Three equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, SEA currently has an average rating of "Moderate Buy" and a consensus target price of $145.23.

SEA Stock Performance

Shares of NYSE:SE opened at $162.61 on Tuesday. The company has a market capitalization of $95.80 billion, a price-to-earnings ratio of 1,084.07 and a beta of 1.70. Sea Limited has a 12 month low of $55.00 and a 12 month high of $165.31. The firm's 50-day moving average is $129.99 and its 200 day moving average is $121.32. The company has a current ratio of 1.62, a quick ratio of 1.60 and a debt-to-equity ratio of 0.36.

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

About SEA

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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