Nissay Asset Management Corp Japan ADV Grows Stock Holdings in Sea Limited (NYSE:SE)

Nissay Asset Management Corp Japan ADV grew its holdings in Sea Limited (NYSE:SE - Free Report) by 9.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 144,326 shares of the Internet company based in Singapore's stock after acquiring an additional 12,607 shares during the period. Nissay Asset Management Corp Japan ADV's holdings in SEA were worth $15,691,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in the business. Nomura Holdings Inc. lifted its stake in shares of SEA by 48.1% in the fourth quarter. Nomura Holdings Inc. now owns 93,249 shares of the Internet company based in Singapore's stock worth $9,894,000 after buying an additional 30,299 shares in the last quarter. Numerai GP LLC lifted its stake in SEA by 5.6% in the 4th quarter. Numerai GP LLC now owns 26,315 shares of the Internet company based in Singapore's stock worth $2,792,000 after purchasing an additional 1,386 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in shares of SEA by 15.5% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 90,408 shares of the Internet company based in Singapore's stock worth $9,594,000 after purchasing an additional 12,142 shares during the last quarter. Moore Capital Management LP purchased a new stake in shares of SEA in the fourth quarter valued at approximately $9,648,000. Finally, Lazard Asset Management LLC increased its holdings in shares of SEA by 17.3% in the fourth quarter. Lazard Asset Management LLC now owns 54,835 shares of the Internet company based in Singapore's stock valued at $5,817,000 after purchasing an additional 8,086 shares during the last quarter. 59.53% of the stock is owned by hedge funds and other institutional investors.

SEA Trading Up 0.7%

NYSE SE traded up $1.10 during trading on Monday, hitting $162.61. The stock had a trading volume of 3,964,699 shares, compared to its average volume of 4,472,196. The company has a market capitalization of $95.80 billion, a PE ratio of 1,084.07 and a beta of 1.70. Sea Limited has a twelve month low of $55.00 and a twelve month high of $165.31. The company has a quick ratio of 1.60, a current ratio of 1.62 and a debt-to-equity ratio of 0.36. The firm has a 50 day moving average price of $129.33 and a 200 day moving average price of $120.85.

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 EPS for the quarter, missing the consensus estimate of $0.93 by ($0.28). The business had revenue of $4.84 billion during the quarter, compared to analysts' expectations of $4.90 billion. SEA had a net margin of 0.64% and a return on equity of 1.40%. The business's quarterly revenue was up 29.6% on a year-over-year basis. During the same period in the prior year, the business earned ($0.04) EPS. As a group, equities research analysts forecast that Sea Limited will post 0.74 earnings per share for the current year.

Analyst Ratings Changes

Several analysts have issued reports on the company. Loop Capital upped their target price on SEA from $135.00 to $165.00 and gave the company a "buy" rating in a report on Monday, March 31st. Arete Research raised shares of SEA to a "strong-buy" rating in a research note on Sunday, March 23rd. Phillip Securities upgraded shares of SEA from a "moderate sell" rating to a "hold" rating in a report on Friday, March 7th. Wedbush restated an "outperform" rating on shares of SEA in a report on Wednesday, May 14th. Finally, JPMorgan Chase & Co. upgraded SEA from a "neutral" rating to an "overweight" rating and upped their price objective for the company from $135.00 to $190.00 in a report on Tuesday, May 13th. Three 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's stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $145.23.

SEA 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.