Polar Capital Holdings Plc Cuts Stock Position in Sea Limited (NYSE:SE)

Polar Capital Holdings Plc cut its holdings in Sea Limited (NYSE:SE - Free Report) by 19.5% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 499,353 shares of the Internet company based in Singapore's stock after selling 121,319 shares during the quarter. Polar Capital Holdings Plc owned about 0.09% of SEA worth $52,981,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of SE. Claro Advisors LLC bought a new stake in SEA in the 4th quarter valued at approximately $264,000. Assenagon Asset Management S.A. bought a new stake in SEA in the 4th quarter valued at approximately $463,000. Park Avenue Securities LLC raised its stake in shares of SEA by 168.0% during the 4th quarter. Park Avenue Securities LLC now owns 20,153 shares of the Internet company based in Singapore's stock worth $2,138,000 after purchasing an additional 12,634 shares in the last quarter. Moseley Investment Management Inc. raised its stake in shares of SEA by 4.3% during the 4th quarter. Moseley Investment Management Inc. now owns 3,870 shares of the Internet company based in Singapore's stock worth $411,000 after purchasing an additional 161 shares in the last quarter. Finally, Ritholtz Wealth Management raised its stake in shares of SEA by 2.7% during the 4th quarter. Ritholtz Wealth Management now owns 6,458 shares of the Internet company based in Singapore's stock worth $685,000 after purchasing an additional 170 shares in the last quarter. 59.53% of the stock is currently owned by institutional investors and hedge funds.

SEA Stock Performance

SEA stock traded down $3.24 during mid-day trading on Friday, reaching $161.39. 3,684,437 shares of the company's stock were exchanged, compared to its average volume of 4,474,230. The business's fifty day simple moving average is $129.33 and its 200 day simple moving average is $120.66. The firm has a market capitalization of $95.08 billion, a PE ratio of 1,075.95 and a beta of 1.70. Sea Limited has a one year low of $55.00 and a one year 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.

SEA (NYSE:SE - Get Free Report) last issued its earnings results on Tuesday, May 13th. The Internet company based in Singapore reported $0.65 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.93 by ($0.28). The firm had revenue of $4.84 billion during 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 business's quarterly revenue was up 29.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($0.04) earnings per share. On average, sell-side analysts expect that Sea Limited will post 0.74 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on SE shares. Loop Capital upped their price objective on SEA from $135.00 to $165.00 and gave the stock a "buy" rating in a research note on Monday, March 31st. Barclays upped their price objective on SEA from $182.00 to $200.00 and gave the stock an "overweight" rating in a research note on Thursday. Jefferies Financial Group upped their price objective on SEA from $131.00 to $157.00 and gave the stock a "buy" rating in a research note on Tuesday, March 4th. Wedbush reissued an "outperform" rating and set a $135.00 target price on shares of SEA in a report on Tuesday, April 15th. Finally, Bank of America lowered SEA from a "buy" rating to a "neutral" rating and set a $160.00 target price on the stock. in a report on Friday, May 9th. Three equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $145.23.

About SEA

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.