Point72 Hong Kong Ltd Acquires 6,848 Shares of Sea Limited (NYSE:SE)

Point72 Hong Kong Ltd increased its position in Sea Limited (NYSE:SE - Free Report) by 18.9% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 43,014 shares of the Internet company based in Singapore's stock after acquiring an additional 6,848 shares during the period. Point72 Hong Kong Ltd's holdings in SEA were worth $4,564,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of SE. Claro Advisors LLC purchased a new position in SEA during the fourth quarter valued at $264,000. Assenagon Asset Management S.A. purchased a new position in SEA during the fourth quarter valued at $463,000. Park Avenue Securities LLC lifted its position in SEA by 168.0% during the fourth quarter. Park Avenue Securities LLC now owns 20,153 shares of the Internet company based in Singapore's stock valued at $2,138,000 after purchasing an additional 12,634 shares in the last quarter. Moseley Investment Management Inc. lifted its position in SEA by 4.3% during the fourth quarter. Moseley Investment Management Inc. now owns 3,870 shares of the Internet company based in Singapore's stock valued at $411,000 after purchasing an additional 161 shares in the last quarter. Finally, Ritholtz Wealth Management lifted its position in SEA by 2.7% during the fourth quarter. Ritholtz Wealth Management now owns 6,458 shares of the Internet company based in Singapore's stock valued at $685,000 after purchasing an additional 170 shares in the last quarter. Institutional investors own 59.53% of the company's stock.

Analyst Upgrades and Downgrades

SE has been the topic of several research analyst reports. JPMorgan Chase & Co. upgraded SEA from a "neutral" rating to an "overweight" rating and boosted their price objective for the company from $135.00 to $190.00 in a research report on Tuesday, May 13th. Barclays boosted their price objective on SEA from $182.00 to $200.00 and gave the company an "overweight" rating in a research report on Thursday. Bank of America downgraded SEA from a "buy" rating to a "neutral" rating and set a $160.00 price objective on the stock. in a research report on Friday, May 9th. Sanford C. Bernstein restated an "outperform" rating and issued a $170.00 price objective on shares of SEA in a research report on Wednesday. Finally, Phillip Securities upgraded SEA from a "moderate sell" rating to a "hold" rating in a research report on Friday, March 7th. Three equities research 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. According to data from MarketBeat, SEA currently has an average rating of "Moderate Buy" and an average price target of $145.23.

SEA Trading Down 2.0%

NYSE SE traded down $3.24 during trading hours on Friday, hitting $161.39. 3,684,437 shares of the company were exchanged, compared to its average volume of 4,474,230. The stock has a 50-day moving average price of $129.33 and a 200 day moving average price of $120.66. The company has a quick ratio of 1.60, a current ratio of 1.62 and a debt-to-equity ratio of 0.36. Sea Limited has a 52 week low of $55.00 and a 52 week high of $165.31. The stock has a market cap of $95.08 billion, a PE ratio of 1,075.95 and a beta of 1.70.

SEA (NYSE:SE - Get Free Report) last released its earnings results on Tuesday, May 13th. The Internet company based in Singapore reported $0.65 EPS for the quarter, missing analysts' consensus estimates of $0.93 by ($0.28). The business had revenue of $4.84 billion for the quarter, compared to the consensus estimate of $4.90 billion. SEA had a net margin of 0.64% and a return on equity of 1.40%. The company's quarterly revenue was up 29.6% compared to the same quarter last year. During the same period in the prior year, the company posted ($0.04) EPS. Analysts forecast that Sea Limited will post 0.74 earnings per share for the current fiscal year.

SEA Company 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.