Sea Limited (NYSE:SE) Shares Sold by Cwm LLC

Cwm LLC lowered its position in Sea Limited (NYSE:SE) by 19.0% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 5,236 shares of the Internet company based in Singapore’s stock after selling 1,230 shares during the quarter. Cwm LLC’s holdings in SEA were worth $494,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Eminence Capital LP lifted its stake in shares of SEA by 45.2% in the 2nd quarter. Eminence Capital LP now owns 4,522,441 shares of the Internet company based in Singapore’s stock valued at $322,993,000 after purchasing an additional 1,408,314 shares during the last quarter. Clearbridge Investments LLC purchased a new position in SEA during the second quarter worth about $99,989,000. Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in shares of SEA during the first quarter valued at about $60,171,000. Los Angeles Capital Management LLC increased its position in shares of SEA by 10,373.5% during the second quarter. Los Angeles Capital Management LLC now owns 1,035,722 shares of the Internet company based in Singapore’s stock valued at $73,971,000 after acquiring an additional 1,025,833 shares during the last quarter. Finally, Tree Line Advisors Hong Kong Ltd. purchased a new stake in shares of SEA in the 1st quarter valued at approximately $48,876,000. 59.53% of the stock is currently owned by institutional investors and hedge funds.

SEA Trading Down 0.1 %

Shares of NYSE:SE opened at $98.90 on Friday. The company has a market cap of $56.60 billion, a PE ratio of -282.57 and a beta of 1.52. The company’s 50 day moving average is $86.14 and its two-hundred day moving average is $73.60. Sea Limited has a 52 week low of $34.35 and a 52 week high of $101.60. The company has a current ratio of 1.49, a quick ratio of 1.48 and a debt-to-equity ratio of 0.41.

SEA (NYSE:SE) last posted its quarterly earnings results on Tuesday, August 13th. The Internet company based in Singapore reported $0.14 earnings per share for the quarter, missing analysts’ consensus estimates of $0.59 by ($0.45). The business had revenue of $3.81 billion during the quarter, compared to analyst estimates of $3.73 billion. SEA had a negative net margin of 1.36% and a negative return on equity of 2.92%. The firm’s quarterly revenue was up 23.0% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.54 earnings per share. Equities analysts predict that Sea Limited will post 0.64 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on SE. Dbs Bank reiterated a “hold” rating and issued a $75.00 target price on shares of SEA in a report on Friday, June 28th. TD Cowen lifted their price objective on SEA from $64.00 to $69.00 and gave the company a “hold” rating in a research note on Wednesday, August 14th. Bank of America increased their target price on SEA from $84.00 to $96.00 and gave the stock a “buy” rating in a research note on Monday, September 23rd. Barclays lifted their target price on SEA from $87.00 to $94.00 and gave the company an “overweight” rating in a research report on Thursday, August 15th. Finally, Wedbush reissued an “outperform” rating and set a $84.00 price target (up previously from $76.00) on shares of SEA in a research report on Tuesday, August 13th. Three research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $80.92.

SEA Company 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.