E. Ohman J or Asset Management AB Acquires Shares of 19,800 Sea Limited (NYSE:SE)

E. Ohman J or Asset Management AB purchased a new position in Sea Limited (NYSE:SE - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 19,800 shares of the Internet company based in Singapore's stock, valued at approximately $2,101,000.

Several other hedge funds have also recently bought and sold shares of SE. Kaizen Investment Management Pte. Ltd. acquired a new stake in shares of SEA in the third quarter valued at approximately $587,544,000. WCM Investment Management LLC lifted its stake in SEA by 35.9% in the 3rd quarter. WCM Investment Management LLC now owns 20,902,378 shares of the Internet company based in Singapore's stock valued at $1,971,303,000 after buying an additional 5,517,559 shares in the last quarter. Baillie Gifford & Co. grew its holdings in SEA by 15.5% during the 3rd quarter. Baillie Gifford & Co. now owns 39,564,018 shares of the Internet company based in Singapore's stock valued at $3,730,096,000 after buying an additional 5,295,590 shares during the last quarter. Perpetual Ltd increased its position in SEA by 3,033.0% during the fourth quarter. Perpetual Ltd now owns 2,098,003 shares of the Internet company based in Singapore's stock worth $222,598,000 after buying an additional 2,031,038 shares in the last quarter. Finally, CoreView Capital Management Ltd raised its holdings in shares of SEA by 341.1% in the third quarter. CoreView Capital Management Ltd now owns 1,996,376 shares of the Internet company based in Singapore's stock worth $188,218,000 after acquiring an additional 1,543,743 shares during the last quarter. 59.53% of the stock is owned by hedge funds and other institutional investors.

SEA Trading Up 0.3 %

Shares of NYSE:SE traded up $0.34 during trading on Friday, reaching $123.00. 3,050,297 shares of the stock were exchanged, compared to its average volume of 3,200,215. The firm's 50-day moving average price is $113.78 and its 200 day moving average price is $96.88. The firm has a market cap of $70.40 billion, a price-to-earnings ratio of 820.01 and a beta of 1.55. Sea Limited has a 12-month low of $41.60 and a 12-month high of $126.35. 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 released its quarterly earnings data 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 business had revenue of $4.33 billion for the quarter, compared to analysts' expectations of $4.09 billion. During the same quarter in the prior year, the firm earned ($0.26) earnings per share. SEA's quarterly revenue was up 30.8% compared to the same quarter last year. On average, sell-side analysts anticipate that Sea Limited will post 0.8 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

SE has been the topic of a number of analyst reports. TD Cowen increased their price objective on SEA from $69.00 to $100.00 and gave the company a "hold" rating in a research note on Wednesday, November 13th. Phillip Securities reiterated a "reduce" rating and set a $100.00 price target (up from $80.00) on shares of SEA in a report on Tuesday, November 19th. Dbs Bank raised shares of SEA from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, November 13th. Benchmark raised 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. Finally, Wedbush reiterated 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 investment analyst has rated the stock with a sell rating, two have assigned a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, SEA presently has an average rating of "Moderate Buy" and an average target price of $91.21.

SEA Company 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.