Neuberger Berman Group LLC decreased its holdings in Sea Limited (NYSE:SE – Get Rating) by 15.9% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 192,534 shares of the Internet company based in Singapore’s stock after selling 36,414 shares during the quarter. Neuberger Berman Group LLC’s holdings in SEA were worth $10,070,000 as of its most recent SEC filing.
Several other hedge funds have also recently added to or reduced their stakes in the business. Advisors Asset Management Inc. boosted its holdings in SEA by 13.2% during the first quarter. Advisors Asset Management Inc. now owns 1,312 shares of the Internet company based in Singapore’s stock worth $157,000 after purchasing an additional 153 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in SEA by 1.7% during the fourth quarter. Dimensional Fund Advisors LP now owns 10,613 shares of the Internet company based in Singapore’s stock worth $552,000 after purchasing an additional 178 shares during the last quarter. Sculati Wealth Management LLC boosted its holdings in SEA by 3.3% during the third quarter. Sculati Wealth Management LLC now owns 5,697 shares of the Internet company based in Singapore’s stock worth $319,000 after purchasing an additional 184 shares during the last quarter. CWM LLC lifted its stake in SEA by 26.3% in the fourth quarter. CWM LLC now owns 1,053 shares of the Internet company based in Singapore’s stock valued at $55,000 after acquiring an additional 219 shares during the last quarter. Finally, Ninety One UK Ltd lifted its stake in SEA by 2.2% in the fourth quarter. Ninety One UK Ltd now owns 11,360 shares of the Internet company based in Singapore’s stock valued at $591,000 after acquiring an additional 243 shares during the last quarter. Institutional investors and hedge funds own 74.92% of the company’s stock.
Wall Street Analysts Forecast Growth
A number of analysts have commented on SE shares. Sanford C. Bernstein increased their price target on shares of SEA from $80.00 to $100.00 and gave the company an “outperform” rating in a research note on Wednesday, March 22nd. Loop Capital increased their price target on shares of SEA from $62.00 to $88.00 and gave the company a “hold” rating in a research note on Thursday, April 13th. Jefferies Financial Group increased their price target on shares of SEA from $104.00 to $115.00 and gave the company a “buy” rating in a research note on Tuesday, March 7th. Benchmark began coverage on shares of SEA in a research note on Thursday, April 20th. They issued a “buy” rating and a $105.00 price target for the company. Finally, HSBC raised their target price on shares of SEA from $92.00 to $94.00 in a research note on Wednesday, May 17th. Seven equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $90.88.
SEA Stock Performance
SEA stock opened at $63.55 on Friday. The business has a fifty day moving average of $74.88 and a two-hundred day moving average of $67.67. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.85 and a current ratio of 1.87. Sea Limited has a twelve month low of $40.67 and a twelve month high of $93.70.
SEA (NYSE:SE – Get Rating) last announced its earnings results on Tuesday, May 16th. The Internet company based in Singapore reported $0.15 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.64 by ($0.49). The firm had revenue of $3.04 billion during the quarter, compared to analysts’ expectations of $3.04 billion. SEA had a negative net margin of 7.83% and a negative return on equity of 14.44%. The firm’s revenue for the quarter was up 4.9% compared to the same quarter last year. During the same period in the previous year, the firm earned ($1.04) EPS. On average, research analysts predict that Sea Limited will post 1.61 EPS for the current fiscal year.
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.
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