2 weeks Ago By ABMN Staff
Seaport Global Advisors LLC trimmed its position in Sea Limited ( NYSE:SE – Free Report ) by 53.2% in the 2nd quarter, HoldingsChannel reports. The firm owned 6,413 shares of the Internet company based in Singapore’s stock after selling 7,294 shares during the quarter.
Seaport Global Advisors LLC’s holdings in SEA were worth $458,000 as of its most recent filing with the Securities & Exchange Commission. A number of other institutional investors and hedge funds have also recently modified their holdings of SE. Parallel Advisors LLC lifted its position in SEA by 42.
7% during the fourth quarter. Parallel Advisors LLC now owns 4,195 shares of the Internet company based in Singapore’s stock valued at $170,000 after purchasing an additional 1,256 shares during the period. Bank of Nova Scotia lifted its holdings in shares of SEA by 2.
1% in the 4th quarter. Bank of Nova Scotia now owns 19,167 shares of the Internet company based in Singapore’s stock valued at $776,000 after buying an additional 400 shares during the period. California State Teachers Retirement System boosted its stake in shares of SEA by 5.
0% in the fourth quarter. California State Teachers Retirement System now owns 436,976 shares of the Internet company based in Singapore’s stock worth $17,698,000 after buying an additional 20,860 shares during the last quarter. Public Employees Retirement Association of Colorado grew its holdings in SEA by 1,757.
6% during the fourth quarter. Public Employees Retirement Association of Colorado now owns 77,723 shares of the Internet company based in Singapore’s stock worth $3,148,000 after acquiring an additional 73,539 shares during the period. Finally, Eminence Capital LP purchased a new position in SEA during the fourth quarter valued at approximately $60,714,000.
Institutional investors and hedge funds own 59.53% of the company’s stock. Wall Street Analysts Forecast Growth Several equities research analysts have commented on SE shares.
Loop Capital upped their price objective on SEA from $92.00 to $94.00 and gave the stock a “buy” rating in a research report on Monday, June 10th.
Benchmark increased their price target on shares of SEA from $87.00 to $94.00 and gave the stock a “buy” rating in a report on Wednesday, August 14th.
TD Cowen lifted their price objective on shares of SEA from $64.00 to $69.00 and gave the company a “hold” rating in a report on Wednesday, August 14th.
Dbs Bank reissued a “hold” rating and set a $75.00 target price on shares of SEA in a research note on Friday, June 28th. Finally, Citigroup dropped their target price on SEA from $81.
00 to $80.00 and set a “buy” rating on the stock in a research report on Tuesday, July 23rd. Three equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock.
According to data from MarketBeat.com, SEA has an average rating of “Moderate Buy” and an average target price of $80.92.
SEA Trading Down 0.5 % SE stock opened at $94.31 on Monday.
The business’s 50-day moving average is $76.23 and its 200 day moving average is $69.48.
Sea Limited has a 12-month low of $34.35 and a 12-month high of $96.09.
The stock has a market cap of $53.98 billion, a price-to-earnings ratio of 1,886.20 and a beta of 1.
51. The company has a current ratio of 1.49, a quick ratio of 1.
48 and a debt-to-equity ratio of 0.41. SEA ( NYSE:SE – Get Free Report ) last issued its quarterly earnings results on Tuesday, August 13th.
The Internet company based in Singapore reported $0.14 EPS for the quarter, missing the consensus estimate of $0.59 by ($0.
45). The firm had revenue of $3.81 billion for the quarter, compared to analysts’ expectations of $3.
73 billion. SEA had a negative return on equity of 2.92% and a negative net margin of 1.
36%. The firm’s revenue for the quarter was up 23.0% compared to the same quarter last year.
During the same quarter in the previous year, the firm posted $0.54 earnings per share. On average, sell-side analysts anticipate that Sea Limited will post 0.
64 EPS for the current fiscal year. SEA Company Profile ( Free Report ) 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.
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