Sea Limited (NYSE:SE) Stake Raised by GSA Capital Partners LLP

GSA Capital Partners LLP grew its stake in shares of Sea Limited (NYSE:SE - Free Report) by 249.5% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 16,471 shares of the Internet company based in Singapore's stock after acquiring an additional 11,758 shares during the quarter. GSA Capital Partners LLP's holdings in SEA were worth $1,553,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Duquesne Family Office LLC purchased a new stake in shares of SEA during the 2nd quarter worth about $4,778,000. WCM Investment Management LLC boosted its stake in shares of SEA by 35.9% during 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 during the last quarter. Robeco Institutional Asset Management B.V. boosted its stake in shares of SEA by 1.8% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 404,096 shares of the Internet company based in Singapore's stock valued at $38,098,000 after buying an additional 7,175 shares during the last quarter. Toronto Dominion Bank raised its position in shares of SEA by 28.2% during the 2nd quarter. Toronto Dominion Bank now owns 892,969 shares of the Internet company based in Singapore's stock valued at $63,776,000 after acquiring an additional 196,506 shares in the last quarter. Finally, Kaizen Investment Management Pte. Ltd. acquired a new stake in shares of SEA during the 3rd quarter valued at approximately $587,544,000. Institutional investors and hedge funds own 59.53% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on SE shares. TD Cowen upped their price target on SEA from $69.00 to $100.00 and gave the company a "hold" rating in a research report on Wednesday. JPMorgan Chase & Co. raised SEA from a "neutral" rating to an "overweight" rating and increased their target price for the stock from $66.00 to $90.00 in a research report on Wednesday, August 14th. Bank of America increased their target price on SEA from $84.00 to $96.00 and gave the stock a "buy" rating in a research report on Monday, September 23rd. Benchmark raised their price target on SEA from $94.00 to $130.00 and gave the company a "buy" rating in a report on Wednesday. Finally, Barclays raised their price target on SEA from $87.00 to $94.00 and gave the company an "overweight" rating in a report on Thursday, August 15th. Three equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $87.69.

SEA Price Performance

SE stock traded down $2.69 during trading hours on Wednesday, hitting $104.96. 5,864,677 shares of the stock traded hands, compared to its average volume of 5,413,922. The company has a current ratio of 1.49, a quick ratio of 1.48 and a debt-to-equity ratio of 0.41. Sea Limited has a one year low of $34.35 and a one year high of $117.52. The company has a market cap of $60.07 billion, a P/E ratio of 700.40 and a beta of 1.52. The stock has a 50-day simple moving average of $92.39 and a 200 day simple moving average of $78.69.

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 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 1.47%. The company had revenue of $4.33 billion during the quarter, compared to analyst estimates of $4.09 billion. During the same quarter last year, the business earned ($0.26) EPS. The company's revenue for the quarter was up 30.8% compared to the same quarter last year. Equities analysts forecast that Sea Limited will post 0.77 earnings per share for the current 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.