Point72 Hong Kong Ltd Invests $3.41 Million in Sea Limited (NYSE:SE)

Point72 Hong Kong Ltd purchased a new stake in shares of Sea Limited (NYSE:SE - Free Report) during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 36,166 shares of the Internet company based in Singapore's stock, valued at approximately $3,410,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Rosenberg Matthew Hamilton lifted its holdings in SEA by 213.7% in the third quarter. Rosenberg Matthew Hamilton now owns 298 shares of the Internet company based in Singapore's stock valued at $28,000 after acquiring an additional 203 shares during the period. SOA Wealth Advisors LLC. bought a new position in shares of SEA in the 2nd quarter worth approximately $32,000. Truvestments Capital LLC bought a new position in shares of SEA in the 3rd quarter worth approximately $41,000. Hexagon Capital Partners LLC lifted its stake in shares of 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 purchasing an additional 253 shares during the period. Finally, Icon Wealth Advisors LLC bought a new position in shares of SEA in the 3rd quarter worth approximately $47,000. 59.53% of the stock is owned by institutional investors.

Analysts Set New Price Targets

SE has been the topic of several recent research reports. Benchmark increased their price target on shares of SEA from $94.00 to $130.00 and gave the stock a "buy" rating in a research report on Wednesday, November 13th. Phillip Securities reaffirmed a "reduce" rating and issued a $100.00 target price (up from $80.00) on shares of SEA in a report on Tuesday, November 19th. Dbs Bank raised SEA from a "hold" rating to a "strong-buy" rating in a report on Wednesday, November 13th. Bank of America raised their price objective on SEA from $84.00 to $96.00 and gave the stock a "buy" rating in a research note on Monday, September 23rd. Finally, Barclays raised their price objective on SEA from $94.00 to $131.00 and gave the stock an "overweight" rating in a research note on Thursday, November 14th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $91.21.

SEA Trading Down 1.7 %

Shares of NYSE:SE traded down $1.91 during trading hours on Friday, hitting $113.80. 2,622,592 shares of the company's stock traded hands, compared to its average volume of 4,462,318. The business has a fifty day moving average price of $100.60 and a 200-day moving average price of $82.83. Sea Limited has a 1 year low of $34.35 and a 1 year high of $117.85. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.62 and a quick ratio of 1.60. The firm has a market capitalization of $65.13 billion, a P/E ratio of 758.67 and a beta of 1.52.

SEA (NYSE:SE - Get Free Report) last issued its earnings results on Tuesday, November 12th. The Internet company based in Singapore reported $0.24 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.59 by ($0.35). The company had revenue of $4.33 billion for the quarter, compared to analysts' expectations of $4.09 billion. SEA had a net margin of 0.64% and a return on equity of 1.40%. The firm's revenue for the quarter was up 30.8% compared to the same quarter last year. During the same period in the prior year, the firm posted ($0.26) earnings per share. Equities analysts expect that Sea Limited will post 0.81 earnings per share for the current year.

SEA Company Profile

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.