Sea Limited (NYSE:SE) Shares Sold by Rhumbline Advisers

Rhumbline Advisers lessened its holdings in Sea Limited (NYSE:SE) by 13.8% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 116,393 shares of the Internet company based in Singapore’s stock after selling 18,595 shares during the period. Rhumbline Advisers’ holdings in SEA were worth $8,313,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the business. Baillie Gifford & Co. increased its stake in SEA by 0.4% during the 2nd quarter. Baillie Gifford & Co. now owns 34,268,428 shares of the Internet company based in Singapore’s stock worth $2,447,451,000 after buying an additional 148,980 shares during the period. Norges Bank bought a new stake in shares of SEA in the 4th quarter worth about $640,219,000. Kora Management LP increased its position in shares of SEA by 9.4% in the 1st quarter. Kora Management LP now owns 4,637,500 shares of the Internet company based in Singapore’s stock worth $249,080,000 after purchasing an additional 400,000 shares during the last quarter. Artisan Partners Limited Partnership increased its position in shares of SEA by 11.3% in the 4th quarter. Artisan Partners Limited Partnership now owns 4,131,880 shares of the Internet company based in Singapore’s stock worth $167,341,000 after purchasing an additional 420,802 shares during the last quarter. Finally, Kontiki Capital Management HK Ltd. increased its position in shares of SEA by 1.9% in the 1st quarter. Kontiki Capital Management HK Ltd. now owns 3,744,416 shares of the Internet company based in Singapore’s stock worth $201,113,000 after purchasing an additional 68,900 shares during the last quarter. Hedge funds and other institutional investors own 59.53% of the company’s stock.

SEA Stock Up 1.5 %

SE stock opened at $79.13 on Friday. Sea Limited has a 52-week low of $34.35 and a 52-week high of $83.69. The company’s 50 day simple moving average is $72.82 and its 200-day simple moving average is $66.71. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.49 and a quick ratio of 1.48. The firm has a market capitalization of $45.29 billion, a P/E ratio of 1,582.60 and a beta of 1.51.

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

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on SE shares. Bank of America boosted their target price on shares of SEA from $77.00 to $84.00 and gave the stock a “buy” rating in a research report on Wednesday, August 14th. Dbs Bank reissued a “hold” rating and issued a $75.00 target price on shares of SEA in a research report on Friday, June 28th. TD Cowen boosted their target price on shares of SEA from $64.00 to $69.00 and gave the stock a “hold” rating in a research report on Wednesday, August 14th. Benchmark lifted their price target on shares of SEA from $87.00 to $94.00 and gave the company a “buy” rating in a report on Wednesday, August 14th. Finally, JPMorgan Chase & Co. raised shares of SEA from a “neutral” rating to an “overweight” rating and lifted their price target for the company from $66.00 to $90.00 in a report on Wednesday, August 14th. Three investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $80.00.

About SEA

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.