Sea Limited (NYSE:SE) Shares Acquired by OVERSEA CHINESE BANKING Corp Ltd

OVERSEA CHINESE BANKING Corp Ltd increased its position in shares of Sea Limited (NYSE:SE - Free Report) by 17.3% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 1,510,835 shares of the Internet company based in Singapore's stock after buying an additional 222,777 shares during the quarter. SEA comprises 3.0% of OVERSEA CHINESE BANKING Corp Ltd's investment portfolio, making the stock its 5th biggest holding. OVERSEA CHINESE BANKING Corp Ltd owned about 0.27% of SEA worth $66,411,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the company. IFP Advisors Inc lifted its holdings in shares of SEA by 16.4% in the 2nd quarter. IFP Advisors Inc now owns 1,531 shares of the Internet company based in Singapore's stock valued at $25,000 after buying an additional 216 shares during the period. Geneos Wealth Management Inc. increased its stake in SEA by 204.8% in the 2nd quarter. Geneos Wealth Management Inc. now owns 506 shares of the Internet company based in Singapore's stock valued at $29,000 after purchasing an additional 340 shares in the last quarter. Tyler Stone Wealth Management purchased a new position in SEA in the 2nd quarter valued at approximately $33,000. First Horizon Advisors Inc. increased its stake in SEA by 135.7% in the 1st quarter. First Horizon Advisors Inc. now owns 495 shares of the Internet company based in Singapore's stock valued at $43,000 after purchasing an additional 285 shares in the last quarter. Finally, Laffer Tengler Investments purchased a new position in SEA during the first quarter worth $66,000. Hedge funds and other institutional investors own 72.05% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on SE shares. Morgan Stanley cut SEA from an "overweight" rating to an "equal weight" rating in a research note on Monday, December 4th. Benchmark lowered their price objective on SEA from $95.00 to $65.00 and set a "buy" rating for the company in a report on Wednesday, November 15th. Eight equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $68.29.

SEA Stock Performance

Shares of SEA stock traded up $0.41 during trading on Monday, hitting $36.81. 1,857,752 shares of the stock were exchanged, compared to its average volume of 6,033,483. Sea Limited has a 1-year low of $34.35 and a 1-year high of $88.84. The stock has a market capitalization of $20.79 billion, a price-to-earnings ratio of 31.65 and a beta of 1.55. The company has a fifty day moving average price of $37.94 and a 200-day moving average price of $43.73. The company has a current ratio of 1.70, a quick ratio of 1.69 and a debt-to-equity ratio of 0.52.

SEA (NYSE:SE - Get Free Report) last issued its quarterly earnings results on Tuesday, November 14th. The Internet company based in Singapore reported ($0.26) earnings per share for the quarter, missing analysts' consensus estimates of $0.12 by ($0.38). The firm had revenue of $3.31 billion for the quarter, compared to the consensus estimate of $3.17 billion. SEA had a return on equity of 11.14% and a net margin of 5.44%. The business's revenue was up 4.9% on a year-over-year basis. During the same period last year, the company posted ($1.02) EPS. As a group, equities analysts predict that Sea Limited will post 0.43 EPS for the current fiscal year.

About SEA

Sea Limited, together with its subsidiaries, engages in the digital entertainment, e-commerce, and digital financial service businesses in Southeast Asia, Latin America, rest of Asia, and internationally. It offers Garena digital entertainment platform for users to access mobile and PC online games, as well as eSports operations.

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