Assenagon Asset Management S.A. Buys 2,634,327 Shares of Sea Limited (NYSE:SE)

Assenagon Asset Management S.A. increased its holdings in Sea Limited (NYSE:SE - Free Report) by 12,344.0% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,655,668 shares of the Internet company based in Singapore's stock after purchasing an additional 2,634,327 shares during the period. Assenagon Asset Management S.A. owned 0.47% of SEA worth $107,555,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Capricorn Fund Managers Ltd raised its holdings in shares of SEA by 37.6% during the 4th quarter. Capricorn Fund Managers Ltd now owns 96,200 shares of the Internet company based in Singapore's stock worth $3,896,000 after acquiring an additional 26,300 shares in the last quarter. Exchange Traded Concepts LLC raised its holdings in shares of SEA by 6.8% during the 4th quarter. Exchange Traded Concepts LLC now owns 253,385 shares of the Internet company based in Singapore's stock worth $10,262,000 after acquiring an additional 16,169 shares in the last quarter. DNB Asset Management AS raised its holdings in shares of SEA by 5.3% during the 4th quarter. DNB Asset Management AS now owns 51,978 shares of the Internet company based in Singapore's stock worth $2,105,000 after acquiring an additional 2,638 shares in the last quarter. Sunbelt Securities Inc. raised its holdings in shares of SEA by 91.4% during the 3rd quarter. Sunbelt Securities Inc. now owns 670 shares of the Internet company based in Singapore's stock worth $29,000 after acquiring an additional 320 shares in the last quarter. Finally, Carmignac Gestion raised its holdings in shares of SEA by 16.8% during the 3rd quarter. Carmignac Gestion now owns 1,670,918 shares of the Internet company based in Singapore's stock worth $73,424,000 after acquiring an additional 240,482 shares in the last quarter. 72.05% of the stock is owned by hedge funds and other institutional investors.

SEA Stock Up 0.4 %

Shares of SE traded up $0.20 during midday trading on Monday, reaching $54.67. 3,537,392 shares of the stock were exchanged, compared to its average volume of 6,888,970. The company has a current ratio of 1.44, a quick ratio of 1.43 and a debt-to-equity ratio of 0.46. The company has a market capitalization of $30.88 billion, a P/E ratio of 227.79 and a beta of 1.50. Sea Limited has a 52 week low of $34.35 and a 52 week high of $88.84. The company's 50 day moving average is $46.94 and its two-hundred day moving average is $42.53.

SEA (NYSE:SE - Get Free Report) last issued its quarterly earnings data on Monday, March 4th. The Internet company based in Singapore reported ($0.19) earnings per share for the quarter, missing analysts' consensus estimates of ($0.06) by ($0.13). The company had revenue of $3.62 billion for the quarter, compared to analysts' expectations of $3.57 billion. SEA had a return on equity of 2.54% and a net margin of 1.27%. The company's revenue for the quarter was up 5.7% compared to the same quarter last year. During the same quarter last year, the company earned $0.72 earnings per share. On average, sell-side analysts anticipate that Sea Limited will post 1.01 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on SE. Bank of America boosted their target price on SEA from $46.00 to $55.00 and gave the company a "neutral" rating in a research report on Tuesday, March 5th. Benchmark boosted their target price on SEA from $65.00 to $78.00 and gave the company a "buy" rating in a research report on Tuesday, March 5th. Citigroup raised SEA from a "neutral" rating to a "buy" rating and boosted their target price for the company from $44.00 to $50.00 in a research report on Thursday, February 1st. HSBC boosted their target price on SEA from $70.00 to $76.00 and gave the company a "buy" rating in a research report on Tuesday, March 5th. Finally, Sanford C. Bernstein upped their price objective on SEA from $60.00 to $70.00 and gave the company an "outperform" rating in a research report on Thursday, March 14th. Six research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $68.29.

SEA Profile

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.