Fred Alger Management LLC Takes Position in Sea Limited (NYSE:SE)

Fred Alger Management LLC acquired a new stake in shares of Sea Limited (NYSE:SE - Free Report) during the third quarter, according to its most recent filing with the SEC. The fund acquired 527,641 shares of the Internet company based in Singapore's stock, valued at approximately $49,746,000. Fred Alger Management LLC owned 0.09% of SEA as of its most recent filing with the SEC.

Other large investors have also added to or reduced their stakes in the company. Rosenberg Matthew Hamilton grew its position in shares of SEA by 213.7% during the 3rd quarter. Rosenberg Matthew Hamilton now owns 298 shares of the Internet company based in Singapore's stock valued at $28,000 after purchasing an additional 203 shares in the last quarter. SOA Wealth Advisors LLC. purchased a new position in SEA during the second quarter worth about $32,000. Truvestments Capital LLC bought a new position in SEA in the 3rd quarter worth about $41,000. Hexagon Capital Partners LLC increased its stake in 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 acquiring an additional 253 shares during the last quarter. Finally, Icon Wealth Advisors LLC purchased a new stake in shares of SEA in the 3rd quarter valued at about $47,000. Institutional investors own 59.53% of the company's stock.

SEA Trading Down 1.7 %

Shares of NYSE SE traded down $1.91 during midday trading on Friday, reaching $113.80. The company had a trading volume of 2,622,592 shares, compared to its average volume of 5,362,728. The stock has a market cap of $65.13 billion, a PE ratio of 758.67 and a beta of 1.52. Sea Limited has a one year low of $34.35 and a one year high of $117.85. The firm's fifty day moving average price is $100.60 and its 200-day moving average price is $82.71. The company has a quick ratio of 1.60, a current ratio of 1.62 and a debt-to-equity ratio of 0.36.

SEA (NYSE:SE - Get Free Report) last announced its quarterly earnings data on Tuesday, November 12th. The Internet company based in Singapore reported $0.24 earnings per share for the quarter, missing the consensus estimate of $0.59 by ($0.35). SEA had a net margin of 0.64% and a return on equity of 1.40%. The company had revenue of $4.33 billion during the quarter, compared to the consensus estimate of $4.09 billion. During the same quarter in the previous year, the firm posted ($0.26) EPS. The business's revenue for the quarter was up 30.8% compared to the same quarter last year. On average, equities research analysts anticipate that Sea Limited will post 0.81 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on SE shares. Wedbush restated an "outperform" rating and issued a $105.00 price objective (up from $84.00) on shares of SEA in a research report on Monday, November 4th. Phillip Securities reissued a "reduce" rating and issued a $100.00 price target (up previously from $80.00) on shares of SEA in a research note on Tuesday, November 19th. Bank of America raised their price objective on shares of SEA from $84.00 to $96.00 and gave the company a "buy" rating in a research report on Monday, September 23rd. Dbs Bank raised shares of SEA from a "hold" rating to a "strong-buy" rating in a report on Wednesday, November 13th. Finally, Barclays increased their target price on SEA from $94.00 to $131.00 and gave the company an "overweight" rating in a research note on Thursday, November 14th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, SEA has a consensus rating of "Moderate Buy" and an average target price of $91.21.

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.