Pathstone Holdings LLC Increases Stock Position in Sea Limited (NYSE:SE)

Pathstone Holdings LLC raised its position in shares of Sea Limited (NYSE:SE - Free Report) by 6.8% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 104,491 shares of the Internet company based in Singapore's stock after buying an additional 6,638 shares during the quarter. Pathstone Holdings LLC's holdings in SEA were worth $11,090,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Baillie Gifford & Co. raised its position in SEA by 3.5% during the 4th quarter. Baillie Gifford & Co. now owns 40,954,549 shares of the Internet company based in Singapore's stock valued at $4,345,278,000 after purchasing an additional 1,390,531 shares in the last quarter. WCM Investment Management LLC grew its stake in SEA by 22.8% during the 4th quarter. WCM Investment Management LLC now owns 25,663,667 shares of the Internet company based in Singapore's stock valued at $2,758,331,000 after purchasing an additional 4,761,289 shares during the last quarter. Norges Bank acquired a new position in shares of SEA in the 4th quarter valued at about $1,493,682,000. Capital Research Global Investors lifted its holdings in shares of SEA by 19.5% in the 4th quarter. Capital Research Global Investors now owns 8,126,064 shares of the Internet company based in Singapore's stock valued at $862,175,000 after buying an additional 1,325,183 shares during the period. Finally, Geode Capital Management LLC raised its holdings in SEA by 4.6% in the 4th quarter. Geode Capital Management LLC now owns 3,201,601 shares of the Internet company based in Singapore's stock worth $335,084,000 after purchasing an additional 142,080 shares during the period. Hedge funds and other institutional investors own 59.53% of the company's stock.

SEA Price Performance

Shares of SE stock traded up $1.10 during midday trading on Monday, reaching $162.61. 3,967,211 shares of the company traded hands, compared to its average volume of 4,472,222. The firm's 50 day simple moving average is $129.33 and its two-hundred day simple moving average is $120.85. Sea Limited has a 1-year low of $55.00 and a 1-year high of $165.31. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.62 and a quick ratio of 1.60. The firm has a market cap of $95.80 billion, a PE ratio of 1,084.07 and a beta of 1.70.

SEA (NYSE:SE - Get Free Report) last issued its quarterly earnings data 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). SEA had a return on equity of 1.40% and a net margin of 0.64%. The company had revenue of $4.84 billion for the quarter, compared to analyst estimates of $4.90 billion. During the same quarter in the prior year, the firm earned ($0.04) earnings per share. The company's revenue for the quarter was up 29.6% on a year-over-year basis. On average, equities research analysts expect that Sea Limited will post 0.74 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the company. Bank of America lowered SEA from a "buy" rating to a "neutral" rating and set a $160.00 price target for the company. in a research report on Friday, May 9th. Arete Research upgraded SEA to a "strong-buy" rating in a research note on Sunday, March 23rd. JPMorgan Chase & Co. raised SEA from a "neutral" rating to an "overweight" rating and raised their price objective for the stock from $135.00 to $190.00 in a report on Tuesday, May 13th. Jefferies Financial Group raised their price objective on SEA from $131.00 to $157.00 and gave the stock a "buy" rating in a report on Tuesday, March 4th. Finally, Benchmark raised their price objective on SEA from $150.00 to $180.00 and gave the stock a "buy" rating in a report on Wednesday, May 14th. Three analysts have rated the stock with a hold rating, nine have assigned a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $145.23.

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.