Azora Capital LP Invests $13.72 Million in Sea Limited (NYSE:SE)

Azora Capital LP bought a new position in shares of Sea Limited (NYSE:SE - Free Report) in the third quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 145,502 shares of the Internet company based in Singapore's stock, valued at approximately $13,718,000. SEA makes up approximately 0.7% of Azora Capital LP's investment portfolio, making the stock its 29th largest position.

Other large investors also recently modified their holdings of the company. Rosenberg Matthew Hamilton boosted its stake 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 buying an additional 203 shares during the last quarter. SOA Wealth Advisors LLC. acquired a new stake in SEA in the 2nd quarter valued at about $32,000. Truvestments Capital LLC acquired a new stake in SEA in the 3rd quarter valued at about $41,000. Hexagon Capital Partners LLC lifted 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 valued at $47,000 after purchasing an additional 253 shares during the last quarter. Finally, Icon Wealth Advisors LLC acquired a new stake in SEA in the 3rd quarter valued at about $47,000. 59.53% of the stock is currently owned by institutional investors and hedge funds.

SEA Stock Performance

Shares of SE traded down $0.56 during mid-day trading on Monday, hitting $113.24. 2,896,406 shares of the company's stock were exchanged, compared to its average volume of 5,351,029. Sea Limited has a 52 week low of $34.35 and a 52 week high of $117.85. The stock's 50-day simple moving average is $100.60 and its 200-day simple moving average is $82.93. 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 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 earnings results on Tuesday, November 12th. The Internet company based in Singapore reported $0.24 EPS for the quarter, missing the consensus estimate of $0.59 by ($0.35). The business had revenue of $4.33 billion for the quarter, compared to the consensus estimate of $4.09 billion. SEA had a return on equity of 1.40% and a net margin of 0.64%. 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 business posted ($0.26) earnings per share. On average, equities research analysts expect that Sea Limited will post 0.81 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on SE shares. Bank of America raised their target price on shares of SEA from $84.00 to $96.00 and gave the company a "buy" rating in a research note on Monday, September 23rd. Barclays raised their target price on shares of SEA from $94.00 to $131.00 and gave the company an "overweight" rating in a research note on Thursday, November 14th. Dbs Bank upgraded shares of SEA from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, November 13th. TD Cowen increased their price target on shares of SEA from $69.00 to $100.00 and gave the company a "hold" rating in a report on Wednesday, November 13th. Finally, Wedbush reissued an "outperform" rating and issued a $105.00 price target (up from $84.00) on shares of SEA in a report on Monday, November 4th. One analyst has rated the stock with a sell rating, two have issued a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, SEA has an average rating of "Moderate Buy" and a consensus target price 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.