Y Intercept Hong Kong Ltd Acquires New Shares in Sea Limited (NYSE:SE)

Y Intercept Hong Kong Ltd purchased a new position in Sea Limited (NYSE:SE - Free Report) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 7,893 shares of the Internet company based in Singapore's stock, valued at approximately $744,000.

Several other institutional investors and hedge funds have also bought and sold shares of SE. Rosenberg Matthew Hamilton raised 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 worth $28,000 after purchasing an additional 203 shares in the last quarter. Truvestments Capital LLC bought a new stake in SEA during the third quarter worth about $41,000. Icon Wealth Advisors LLC purchased a new stake in shares of SEA in the 3rd quarter worth approximately $47,000. First Horizon Advisors Inc. raised its stake in SEA by 248.3% during the third quarter. First Horizon Advisors Inc. now owns 700 shares of the Internet company based in Singapore's stock valued at $66,000 after buying an additional 499 shares during the last quarter. Finally, Canton Hathaway LLC grew its stake in shares of SEA by 20.0% in the second quarter. Canton Hathaway LLC now owns 1,200 shares of the Internet company based in Singapore's stock worth $86,000 after acquiring an additional 200 shares during the last quarter. Hedge funds and other institutional investors own 59.53% of the company's stock.

SEA Price Performance

SEA stock traded down $0.82 during midday trading on Friday, reaching $116.47. The company had a trading volume of 1,767,721 shares, compared to its average volume of 5,288,388. Sea Limited has a 12-month low of $34.35 and a 12-month high of $119.47. The firm's fifty day simple moving average is $104.82 and its 200-day simple moving average is $85.88. 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 company has a market capitalization of $66.66 billion, a P/E ratio of 776.47 and a beta of 1.53.

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

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on SE. Dbs Bank raised SEA from a "hold" rating to a "strong-buy" rating in a report on Wednesday, November 13th. Benchmark lifted their target price 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. TD Cowen increased their target price on SEA from $69.00 to $100.00 and gave the company a "hold" rating in a report on Wednesday, November 13th. Phillip Securities reiterated a "reduce" rating and issued a $100.00 price objective (up previously from $80.00) on shares of SEA in a research note on Tuesday, November 19th. Finally, Wedbush reaffirmed an "outperform" rating and issued a $105.00 target price (up from $84.00) on shares of SEA in a report on Monday, November 4th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $91.21.

About 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 promotes eSports operations.