Covenant Partners LLC acquired a new stake in Sea Limited (NYSE:SE – Free Report) during the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor acquired 3,253 shares of the Internet company based in Singapore’s stock, valued at approximately $282,000.
Several other large investors have also recently added to or reduced their stakes in the stock. abrdn plc increased its stake in shares of SEA by 4.9% during the 4th quarter. abrdn plc now owns 215,144 shares of the Internet company based in Singapore’s stock worth $11,194,000 after purchasing an additional 10,093 shares during the last quarter. Banco Bilbao Vizcaya Argentaria S.A. increased its stake in shares of SEA by 14.4% during the 4th quarter. Banco Bilbao Vizcaya Argentaria S.A. now owns 105,206 shares of the Internet company based in Singapore’s stock worth $5,423,000 after purchasing an additional 13,237 shares during the last quarter. Valeo Financial Advisors LLC acquired a new position in shares of SEA during the 4th quarter worth $211,000. Robeco Institutional Asset Management B.V. acquired a new position in shares of SEA during the 4th quarter worth $18,022,000. Finally, Asahi Life Asset Management CO. LTD. increased its stake in shares of SEA by 33.9% during the 4th quarter. Asahi Life Asset Management CO. LTD. now owns 6,780 shares of the Internet company based in Singapore’s stock worth $353,000 after purchasing an additional 1,715 shares during the last quarter. Institutional investors and hedge funds own 73.73% of the company’s stock.
Wall Street Analyst Weigh In
SE has been the topic of several analyst reports. TD Cowen increased their price target on shares of SEA from $60.00 to $64.00 and gave the stock a “market perform” rating in a research note on Wednesday, March 8th. HSBC raised their target price on shares of SEA from $92.00 to $94.00 in a research note on Wednesday, May 17th. Loop Capital raised their target price 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. UBS Group lowered shares of SEA from a “buy” rating to a “neutral” rating and lowered their target price for the company from $105.00 to $92.00 in a research note on Thursday, April 20th. Finally, Citigroup raised their target price on shares of SEA from $105.00 to $110.00 and gave the company a “buy” rating in a research note on Wednesday, March 8th. Seven research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $90.88.
SEA Price Performance
Shares of SEA stock opened at $56.88 on Friday. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.87 and a quick ratio of 1.85. Sea Limited has a fifty-two week low of $40.67 and a fifty-two week high of $93.70. The firm has a fifty day moving average price of $68.03 and a two-hundred day moving average price of $68.04. The company has a market cap of $32.12 billion, a PE ratio of -31.25 and a beta of 1.69.
SEA (NYSE:SE – Free Report) last released its quarterly earnings data on Tuesday, May 16th. The Internet company based in Singapore reported $0.15 EPS for the quarter, missing analysts’ consensus estimates of $0.64 by ($0.49). The business had revenue of $3.04 billion for the quarter, compared to the consensus estimate of $3.04 billion. SEA had a negative return on equity of 14.44% and a negative net margin of 7.83%. SEA’s revenue was up 4.9% on a year-over-year basis. During the same period in the previous year, the business posted ($1.04) earnings per share. Analysts expect that Sea Limited will post 1.61 EPS for the current year.
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 eSports operations.
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