Capital International Investors lessened its stake in shares of Sea Limited (NYSE:SE – Free Report) by 4.3% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 6,417,469 shares of the Internet company based in Singapore’s stock after selling 286,798 shares during the quarter. Capital International Investors owned about 1.14% of SEA worth $372,462,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Sands Capital Management LLC increased its position in shares of SEA by 4.5% during the 1st quarter. Sands Capital Management LLC now owns 15,709,367 shares of the Internet company based in Singapore’s stock valued at $1,359,646,000 after purchasing an additional 673,845 shares during the period. BlackRock Inc. raised its position in SEA by 1.6% in the first quarter. BlackRock Inc. now owns 15,214,991 shares of the Internet company based in Singapore’s stock worth $1,316,857,000 after acquiring an additional 245,289 shares in the last quarter. Charles Lim Capital Ltd lifted its holdings in SEA by 150.0% in the 2nd quarter. Charles Lim Capital Ltd now owns 5,000,000 shares of the Internet company based in Singapore’s stock valued at $290,200,000 after acquiring an additional 2,999,800 shares during the last quarter. Himension Capital Singapore PTE. LTD. boosted its position in shares of SEA by 28.1% during the 1st quarter. Himension Capital Singapore PTE. LTD. now owns 4,698,142 shares of the Internet company based in Singapore’s stock valued at $406,624,000 after purchasing an additional 1,030,652 shares in the last quarter. Finally, Norges Bank acquired a new position in shares of SEA in the 4th quarter worth approximately $237,386,000. Institutional investors own 72.05% of the company’s stock.
SEA Trading Down 2.0 %
SEA stock opened at $37.50 on Friday. Sea Limited has a one year low of $34.87 and a one year high of $88.84. The company’s fifty day moving average price is $41.88 and its two-hundred day moving average price is $51.88. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.70 and a quick ratio of 1.69. The company has a market capitalization of $21.18 billion, a price-to-earnings ratio of 32.61 and a beta of 1.70.
SEA (NYSE:SE – Get Free Report) last issued its quarterly earnings data on Tuesday, November 14th. The Internet company based in Singapore reported ($0.26) EPS for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.38). SEA had a net margin of 5.44% and a return on equity of 11.14%. The company had revenue of $3.31 billion for the quarter, compared to analyst estimates of $3.17 billion. During the same period in the prior year, the company posted ($1.02) EPS. The business’s revenue was up 4.9% on a year-over-year basis. On average, analysts forecast that Sea Limited will post 1.09 earnings per share for the current fiscal year.
Analyst Upgrades and Downgrades
Several research analysts have issued reports on the company. CICC Research cut SEA from an “outperform” rating to a “market perform” rating in a report on Friday, August 18th. Sanford C. Bernstein cut their target price on shares of SEA from $90.00 to $70.00 and set an “outperform” rating on the stock in a research note on Wednesday, August 16th. KGI Securities lowered SEA from an “outperform” rating to a “neutral” rating and set a $42.00 price target on the stock. in a research report on Thursday, August 24th. Wedbush reissued an “outperform” rating and issued a $48.00 price objective on shares of SEA in a research note on Wednesday, September 6th. Finally, UBS Group raised shares of SEA from a “neutral” rating to a “buy” rating and increased their price target for the stock from $66.00 to $86.00 in a research report on Monday, July 31st. Seven analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $68.29.
Check Out Our Latest Stock Analysis on 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 eSports operations.
Want to see what other hedge funds are holding SE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Sea Limited (NYSE:SE – Free Report).
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send any questions or comments about this story to firstname.lastname@example.org.
Before you consider SEA, you’ll want to hear this.
MarketBeat keeps track of Wall Street’s top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on… and SEA wasn’t on the list.
While SEA currently has a “Moderate Buy” rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
MarketBeat’s analysts have just released their top five short plays for December 2023. Learn which stocks have the most short interest and how to trade them. Click the link below to see which companies made the list.
Get This Free Report