Groupama Asset Managment Acquires 5,976 Shares of Sea Limited (NYSE:SE)

Groupama Asset Managment grew its stake in shares of Sea Limited (NYSE:SE - Free Report) by 70.5% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 14,458 shares of the Internet company based in Singapore's stock after buying an additional 5,976 shares during the quarter. Groupama Asset Managment's holdings in SEA were worth $1,363,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently made changes to their positions in the company. Rosenberg Matthew Hamilton raised its holdings in shares of SEA by 213.7% in the 3rd quarter. Rosenberg Matthew Hamilton now owns 298 shares of the Internet company based in Singapore's stock worth $28,000 after purchasing an additional 203 shares in the last quarter. SOA Wealth Advisors LLC. bought a new position in shares of SEA in the second quarter valued at $32,000. Truvestments Capital LLC acquired a new stake in shares of SEA during the 3rd quarter valued at $41,000. Icon Wealth Advisors LLC acquired a new position in shares of SEA in the 3rd quarter worth $47,000. Finally, First Horizon Advisors Inc. grew its holdings in shares of SEA by 248.3% in the 3rd quarter. First Horizon Advisors Inc. now owns 700 shares of the Internet company based in Singapore's stock worth $66,000 after acquiring an additional 499 shares during the last quarter. 59.53% of the stock is owned by institutional investors and hedge funds.

SEA Stock Down 1.8 %

NYSE:SE traded down $2.09 during trading hours on Tuesday, reaching $112.06. The company's stock had a trading volume of 2,598,977 shares, compared to its average volume of 5,321,935. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.62 and a quick ratio of 1.60. The company has a market cap of $64.14 billion, a price-to-earnings ratio of 747.07 and a beta of 1.53. Sea Limited has a one year low of $34.35 and a one year high of $119.47. The business's 50-day moving average is $103.54 and its 200-day moving average is $85.02.

SEA (NYSE:SE - Get Free Report) last released 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 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 the consensus estimate of $4.09 billion. During the same quarter last year, the company posted ($0.26) EPS. The business's revenue was up 30.8% compared to the same quarter last year. Equities research analysts predict that Sea Limited will post 0.81 EPS for the current year.

Wall Street Analysts Forecast Growth

SE has been the topic of several analyst reports. Phillip Securities reissued a "reduce" rating and issued a $100.00 target price (up from $80.00) on shares of SEA in a research report on Tuesday, November 19th. Bank of America boosted 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. JPMorgan Chase & Co. raised SEA from a "neutral" rating to an "overweight" rating and raised their target price for the stock from $66.00 to $90.00 in a research report on Wednesday, August 14th. Barclays lifted their price target on SEA from $94.00 to $131.00 and gave the company an "overweight" rating in a report on Thursday, November 14th. Finally, Dbs Bank upgraded SEA from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, November 13th. One research analyst has rated the stock with a sell rating, two have issued a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company presently has an average 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.