Atreides Management LP Has $101.30 Million Position in Sea Limited (NYSE:SE)

Atreides Management LP lessened its holdings in Sea Limited (NYSE:SE - Free Report) by 38.2% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,074,456 shares of the Internet company based in Singapore's stock after selling 664,763 shares during the quarter. SEA accounts for approximately 2.6% of Atreides Management LP's investment portfolio, making the stock its 11th biggest position. Atreides Management LP owned about 0.19% of SEA worth $101,300,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of SE. Sequoia Financial Advisors LLC increased its position in shares of SEA by 6.2% in the third quarter. Sequoia Financial Advisors LLC now owns 3,081 shares of the Internet company based in Singapore's stock worth $290,000 after purchasing an additional 180 shares during the period. Canton Hathaway LLC raised its position in shares of SEA by 20.0% in the 2nd quarter. Canton Hathaway LLC now owns 1,200 shares of the Internet company based in Singapore's stock valued at $86,000 after buying an additional 200 shares in the last quarter. Rosenberg Matthew Hamilton lifted its holdings 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 worth $28,000 after acquiring an additional 203 shares during the period. Gulf International Bank UK Ltd increased its stake in SEA by 0.7% in the second quarter. Gulf International Bank UK Ltd now owns 28,958 shares of the Internet company based in Singapore's stock valued at $2,068,000 after acquiring an additional 213 shares during the last quarter. Finally, Parallel Advisors LLC raised its position in SEA by 5.2% during the second quarter. Parallel Advisors LLC now owns 5,063 shares of the Internet company based in Singapore's stock valued at $362,000 after purchasing an additional 250 shares in the last quarter. 59.53% of the stock is currently owned by institutional investors and hedge funds.

SEA Trading Down 0.5 %

NYSE SE traded down $0.56 during trading hours on Monday, hitting $113.24. 2,896,585 shares of the company's stock were exchanged, compared to its average volume of 5,351,029. The firm has a market cap of $64.81 billion, a price-to-earnings ratio of 758.67 and a beta of 1.52. The stock has a 50-day simple moving average of $100.60 and a 200 day simple moving average of $82.93. The company has a current ratio of 1.62, a quick ratio of 1.60 and a debt-to-equity ratio of 0.36. Sea Limited has a 1-year low of $34.35 and a 1-year high of $117.85.

SEA (NYSE:SE - Get Free Report) last released 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 prior year, the firm earned ($0.26) EPS. The business's revenue was up 30.8% compared to the same quarter last year. On average, equities analysts forecast that Sea Limited will post 0.81 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts recently weighed in on SE shares. Benchmark raised their price objective on SEA from $94.00 to $130.00 and gave the company a "buy" rating in a research note on Wednesday, November 13th. Dbs Bank upgraded SEA from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, November 13th. JPMorgan Chase & Co. raised SEA from a "neutral" rating to an "overweight" rating and lifted their price target for the company from $66.00 to $90.00 in a research note on Wednesday, August 14th. Wedbush reaffirmed an "outperform" rating and issued a $105.00 price objective (up previously from $84.00) on shares of SEA in a research note on Monday, November 4th. Finally, Barclays lifted their target price on shares of SEA from $94.00 to $131.00 and gave the stock an "overweight" rating in a research report on Thursday, November 14th. One analyst has rated the stock with a sell rating, two have given a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $91.21.

SEA 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.