Veracity Capital LLC purchased a new position in shares of Sea Limited (NYSE:SE - Free Report) during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 1,842 shares of the Internet company based in Singapore's stock, valued at approximately $240,000.
A number of other hedge funds have also recently modified their holdings of SE. Norges Bank bought a new stake in shares of SEA during the fourth quarter valued at approximately $1,493,682,000. WCM Investment Management LLC lifted its stake in SEA by 22.8% in the 4th quarter. WCM Investment Management LLC now owns 25,663,667 shares of the Internet company based in Singapore's stock worth $2,758,331,000 after purchasing an additional 4,761,289 shares in the last quarter. Baillie Gifford & Co. boosted 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 valued at $4,345,278,000 after purchasing an additional 1,390,531 shares during the last quarter. Capital Research Global Investors grew its position in shares of SEA by 19.5% during the fourth quarter. Capital Research Global Investors now owns 8,126,064 shares of the Internet company based in Singapore's stock valued at $862,175,000 after purchasing an additional 1,325,183 shares in the last quarter. Finally, Ninety One UK Ltd grew its position in shares of SEA by 1,673.2% during the fourth quarter. Ninety One UK Ltd now owns 1,243,888 shares of the Internet company based in Singapore's stock valued at $131,977,000 after purchasing an additional 1,173,738 shares in the last quarter. Institutional investors own 59.53% of the company's stock.
SEA Trading Up 1.3%
Shares of SE traded up $2.27 during trading hours on Thursday, reaching $170.43. 3,622,576 shares of the company traded hands, compared to its average volume of 4,444,447. The stock's fifty day moving average price is $139.26 and its 200 day moving average price is $126.79. The company has a current ratio of 1.62, a quick ratio of 1.60 and a debt-to-equity ratio of 0.36. The firm has a market cap of $100.40 billion, a price-to-earnings ratio of 1,136.20 and a beta of 1.70. Sea Limited has a 12-month low of $55.00 and a 12-month high of $172.62.
SEA (NYSE:SE - Get Free Report) last announced its quarterly earnings data 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). SEA had a net margin of 0.64% and a return on equity of 1.40%. The company had revenue of $4.84 billion for the quarter, compared to the consensus estimate of $4.90 billion. During the same quarter in the previous year, the business earned ($0.04) EPS. The company's quarterly revenue was up 29.6% compared to the same quarter last year. Sell-side analysts forecast that Sea Limited will post 0.74 earnings per share for the current year.
Wall Street Analysts Forecast Growth
A number of equities analysts recently commented on the company. UBS Group increased their price target on SEA from $135.00 to $176.00 and gave the company a "buy" rating in a research note on Friday, March 7th. JPMorgan Chase & Co. raised SEA from a "neutral" rating to an "overweight" rating and boosted their price objective for the stock from $135.00 to $190.00 in a research note on Tuesday, May 13th. Jefferies Financial Group raised their price objective on SEA from $131.00 to $157.00 and gave the company a "buy" rating in a research note on Tuesday, March 4th. Phillip Securities raised SEA from a "moderate sell" rating to a "hold" rating in a research report on Friday, March 7th. Finally, Arete Research upgraded SEA to a "strong-buy" rating in a research report on Sunday, March 23rd. Three analysts have rated the stock with a hold rating, nine have given a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $147.15.
Read Our Latest Analysis on SE
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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