American Century Companies Inc. Has $1.81 Million Holdings in Sea Limited (NYSE:SE)

American Century Companies Inc. lifted its position in shares of Sea Limited (NYSE:SE) by 17.0% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 25,288 shares of the Internet company based in Singapore’s stock after buying an additional 3,666 shares during the quarter. American Century Companies Inc.’s holdings in SEA were worth $1,806,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. SOA Wealth Advisors LLC. bought a new stake in SEA in the second quarter worth about $32,000. GAMMA Investing LLC grew its stake in SEA by 121.3% in the 1st quarter. GAMMA Investing LLC now owns 613 shares of the Internet company based in Singapore’s stock worth $33,000 after buying an additional 336 shares in the last quarter. Hexagon Capital Partners LLC grew its stake in SEA by 63.1% in the 2nd quarter. Hexagon Capital Partners LLC now owns 654 shares of the Internet company based in Singapore’s stock worth $47,000 after buying an additional 253 shares in the last quarter. UMB Bank n.a. lifted its holdings in shares of SEA by 50.8% in the 1st quarter. UMB Bank n.a. now owns 1,188 shares of the Internet company based in Singapore’s stock worth $64,000 after acquiring an additional 400 shares during the last quarter. Finally, Lindbrook Capital LLC lifted its holdings in shares of SEA by 78.8% in the 1st quarter. Lindbrook Capital LLC now owns 1,198 shares of the Internet company based in Singapore’s stock worth $64,000 after acquiring an additional 528 shares during the last quarter. 59.53% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages have commented on SE. Dbs Bank restated a “hold” rating and issued a $75.00 price objective on shares of SEA in a report on Friday, June 28th. Benchmark upped their target price on shares of SEA from $87.00 to $94.00 and gave the company a “buy” rating in a research note on Wednesday, August 14th. TD Cowen increased their price objective on shares of SEA from $64.00 to $69.00 and gave the stock a “hold” rating in a research note on Wednesday, August 14th. Loop Capital raised their target price on shares of SEA from $92.00 to $94.00 and gave the stock a “buy” rating in a research note on Monday, June 10th. Finally, Wedbush restated an “outperform” rating and set a $84.00 target price (up previously from $76.00) on shares of SEA in a research note on Tuesday, August 13th. Three analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $80.92.

SEA Price Performance

SE opened at $94.31 on Friday. Sea Limited has a 12-month low of $34.35 and a 12-month high of $96.09. The company has a current ratio of 1.49, a quick ratio of 1.48 and a debt-to-equity ratio of 0.41. The business’s fifty day simple moving average is $76.23 and its 200-day simple moving average is $69.41. The company has a market capitalization of $53.98 billion, a price-to-earnings ratio of 1,886.20 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 EPS 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 analysts’ expectations of $3.73 billion. SEA had a negative net margin of 1.36% and a negative return on equity of 2.92%. The company’s quarterly revenue was up 23.0% compared to the same quarter last year. During the same quarter last year, the business posted $0.54 earnings per share. On average, equities research analysts anticipate that Sea Limited will post 0.64 earnings per share for the current fiscal year.

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.