Bridgewater Associates LP Has $28.13 Million Stock Holdings in Sea Limited (NYSE:SE)

Bridgewater Associates LP boosted its holdings in Sea Limited (NYSE:SE - Free Report) by 430.8% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 298,384 shares of the Internet company based in Singapore's stock after acquiring an additional 242,169 shares during the quarter. Bridgewater Associates LP owned 0.05% of SEA worth $28,132,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the business. ShawSpring Partners LLC raised its stake in SEA by 11.1% during the third quarter. ShawSpring Partners LLC now owns 943,179 shares of the Internet company based in Singapore's stock worth $88,923,000 after acquiring an additional 94,382 shares in the last quarter. Townsquare Capital LLC grew its holdings in shares of SEA by 85.8% in the 3rd quarter. Townsquare Capital LLC now owns 21,424 shares of the Internet company based in Singapore's stock worth $2,020,000 after purchasing an additional 9,893 shares during the last quarter. Tree Line Advisors Hong Kong Ltd. increased its position in shares of SEA by 13.9% during the 3rd quarter. Tree Line Advisors Hong Kong Ltd. now owns 1,230,000 shares of the Internet company based in Singapore's stock worth $115,964,000 after purchasing an additional 150,000 shares in the last quarter. Dai ichi Life Insurance Company Ltd lifted its holdings in SEA by 2.2% during the 3rd quarter. Dai ichi Life Insurance Company Ltd now owns 98,747 shares of the Internet company based in Singapore's stock valued at $9,310,000 after purchasing an additional 2,135 shares during the last quarter. Finally, West Tower Group LLC boosted its position in SEA by 100.0% in the third quarter. West Tower Group LLC now owns 3,000 shares of the Internet company based in Singapore's stock valued at $283,000 after buying an additional 1,500 shares in the last quarter. Institutional investors and hedge funds own 59.53% of the company's stock.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on SE. Benchmark raised their price objective on shares of SEA from $94.00 to $130.00 and gave the stock a "buy" rating in a report on Wednesday, November 13th. Barclays increased their target price on SEA from $94.00 to $131.00 and gave the stock an "overweight" rating in a report on Thursday, November 14th. Bank of America lifted their price target on SEA from $84.00 to $96.00 and gave the company a "buy" rating in a report on Monday, September 23rd. JPMorgan Chase & Co. raised shares of SEA from a "neutral" rating to an "overweight" rating and increased their price objective for the stock from $66.00 to $90.00 in a report on Wednesday, August 14th. Finally, Wedbush reaffirmed an "outperform" rating and issued a $105.00 target price (up from $84.00) on shares of SEA in a research note on Monday, November 4th. One analyst has rated the stock with a sell rating, two have given a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, SEA presently has an average rating of "Moderate Buy" and a consensus price target of $91.21.

SEA Trading Up 1.6 %

Shares of SEA stock traded up $1.78 during trading on Thursday, reaching $115.71. 3,350,955 shares of the company were exchanged, compared to its average volume of 5,374,637. Sea Limited has a twelve month low of $34.35 and a twelve month high of $117.85. The business has a 50-day moving average price of $99.42 and a 200-day moving average price of $82.14. The company has a quick ratio of 1.60, a current ratio of 1.62 and a debt-to-equity ratio of 0.36. The firm has a market capitalization of $66.23 billion, a price-to-earnings ratio of 771.40 and a beta of 1.52.

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

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.