China Universal Asset Management Co. Ltd. Raises Stake in Sea Limited (NYSE:SE)

China Universal Asset Management Co. Ltd. boosted its stake in Sea Limited (NYSE:SE - Free Report) by 19.1% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 28,000 shares of the Internet company based in Singapore's stock after purchasing an additional 4,500 shares during the quarter. China Universal Asset Management Co. Ltd.'s holdings in SEA were worth $2,971,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also bought and sold shares of SE. Rosenberg Matthew Hamilton increased its stake in shares of 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 buying an additional 203 shares during the period. Truvestments Capital LLC purchased a new position in shares of SEA in the third quarter worth $41,000. Icon Wealth Advisors LLC purchased a new position in shares of SEA in the third quarter worth $47,000. Geneos Wealth Management Inc. increased its stake in shares of SEA by 4,663.6% in the fourth quarter. Geneos Wealth Management Inc. now owns 524 shares of the Internet company based in Singapore's stock worth $56,000 after buying an additional 513 shares during the period. Finally, SOA Wealth Advisors LLC. increased its stake in shares of SEA by 33.3% in the third quarter. SOA Wealth Advisors LLC. now owns 600 shares of the Internet company based in Singapore's stock worth $57,000 after buying an additional 150 shares during the period. 59.53% of the stock is owned by hedge funds and other institutional investors.

SEA Stock Performance

NYSE SE traded up $0.36 during trading hours on Wednesday, reaching $123.51. The stock had a trading volume of 1,174,776 shares, compared to its average volume of 3,414,818. The stock has a fifty day moving average of $113.50 and a 200 day moving average of $96.51. The stock has a market cap of $70.69 billion, a P/E ratio of 823.70 and a beta of 1.55. Sea Limited has a 52-week low of $41.10 and a 52-week high of $126.12. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.60 and a current ratio of 1.62.

SEA (NYSE:SE - Get Free Report) last announced its quarterly earnings results on Tuesday, November 12th. The Internet company based in Singapore reported $0.24 earnings per share (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 company had revenue of $4.33 billion during the quarter, compared to analyst estimates of $4.09 billion. During the same period in the previous year, the firm posted ($0.26) earnings per share. The company's revenue was up 30.8% compared to the same quarter last year. Sell-side analysts predict that Sea Limited will post 0.8 earnings per share for the current year.

Analyst Ratings Changes

SE has been the topic of several recent analyst reports. Benchmark lifted their price target on shares of SEA from $94.00 to $130.00 and gave the company a "buy" rating in a report on Wednesday, November 13th. TD Cowen boosted their target price on shares of SEA from $69.00 to $100.00 and gave the company a "hold" rating in a report on Wednesday, November 13th. Dbs Bank upgraded shares of SEA from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, November 13th. Wedbush reiterated an "outperform" rating and issued a $105.00 price target (up previously from $84.00) on shares of SEA in a research note on Monday, November 4th. Finally, Phillip Securities reissued a "reduce" rating and issued a $100.00 target price (up previously from $80.00) on shares of SEA in a research report on Tuesday, November 19th. One investment analyst has rated the stock with a sell rating, two have given a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $91.21.

SEA Profile

Sea Ltd. is an internet and mobile platform company, which engages in the provision of online gaming services. It operates through the following segments: Digital Entertainment, E-Commerce, and Digital Financial Services. The Digital Entertainment segment offers and develops mobile and PC online games.