Sea Limited (NYSE:SE) Position Reduced by Van ECK Associates Corp

Van ECK Associates Corp cut its stake in shares of Sea Limited (NYSE:SE - Free Report) by 2.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 933,175 shares of the Internet company based in Singapore's stock after selling 18,765 shares during the period. Van ECK Associates Corp owned approximately 0.17% of SEA worth $37,794,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Maryland State Retirement & Pension System lifted its stake in SEA by 2.2% during the 3rd quarter. Maryland State Retirement & Pension System now owns 12,427 shares of the Internet company based in Singapore's stock worth $546,000 after acquiring an additional 271 shares in the last quarter. Sunbelt Securities Inc. lifted its position in shares of SEA by 91.4% during the third quarter. Sunbelt Securities Inc. now owns 670 shares of the Internet company based in Singapore's stock worth $29,000 after purchasing an additional 320 shares in the last quarter. UMB Bank n.a. boosted its stake in shares of SEA by 70.9% in the fourth quarter. UMB Bank n.a. now owns 788 shares of the Internet company based in Singapore's stock valued at $32,000 after purchasing an additional 327 shares during the period. Meiji Yasuda Asset Management Co Ltd. grew its holdings in shares of SEA by 4.3% in the third quarter. Meiji Yasuda Asset Management Co Ltd. now owns 8,662 shares of the Internet company based in Singapore's stock valued at $381,000 after purchasing an additional 360 shares in the last quarter. Finally, Cigna Investments Inc. New increased its stake in SEA by 6.0% during the 4th quarter. Cigna Investments Inc. New now owns 7,119 shares of the Internet company based in Singapore's stock worth $288,000 after buying an additional 401 shares during the period. 59.53% of the stock is owned by hedge funds and other institutional investors.

SEA Stock Down 0.7 %

Shares of SEA stock traded down $0.45 during trading hours on Wednesday, hitting $62.74. The company had a trading volume of 5,287,376 shares, compared to its average volume of 6,510,088. The company's 50-day moving average is $55.35 and its two-hundred day moving average is $45.46. Sea Limited has a twelve month low of $34.35 and a twelve month high of $88.39. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.44 and a quick ratio of 1.43. The company has a market cap of $35.43 billion, a P/E ratio of 257.67 and a beta of 1.50.

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 (EPS) for the quarter, missing the consensus estimate of ($0.06) by ($0.13). SEA had a return on equity of 2.54% and a net margin of 1.27%. The firm had revenue of $3.62 billion for the quarter, compared to analysts' expectations of $3.57 billion. During the same period in the previous year, the business posted $0.72 EPS. The business's revenue for the quarter was up 5.7% compared to the same quarter last year. Analysts anticipate that Sea Limited will post 0.72 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

SE has been the subject of several recent research reports. Bank of America raised shares of SEA from a "neutral" rating to a "buy" rating and raised their price target for the company from $62.00 to $70.00 in a research report on Monday, April 22nd. HSBC boosted their target price on SEA from $70.00 to $76.00 and gave the stock a "buy" rating in a research note on Tuesday, March 5th. Sanford C. Bernstein increased their price target on SEA from $60.00 to $70.00 and gave the company an "outperform" rating in a research report on Thursday, March 14th. Morgan Stanley raised SEA from an "equal weight" rating to an "overweight" rating and boosted their price objective for the stock from $65.00 to $70.00 in a research report on Monday, April 22nd. Finally, Wedbush raised their target price on shares of SEA from $45.00 to $72.00 and gave the company an "outperform" rating in a report on Tuesday, March 5th. Three equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat, SEA currently has an average rating of "Moderate Buy" and a consensus price target of $70.00.

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 promotes eSports operations.