Sea Limited (NYSE:SE) Shares Sold by Long Walk Management LP

Long Walk Management LP decreased its stake in shares of Sea Limited (NYSE:SE - Free Report) by 11.6% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 305,000 shares of the Internet company based in Singapore's stock after selling 40,000 shares during the quarter. SEA comprises about 11.9% of Long Walk Management LP's portfolio, making the stock its 4th largest holding. Long Walk Management LP owned approximately 0.05% of SEA worth $28,755,000 as of its most recent filing with the SEC.

Several other institutional investors also recently bought and sold shares of SE. Rosenberg Matthew Hamilton increased its stake in 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 acquiring an additional 203 shares during the last quarter. SOA Wealth Advisors LLC. bought a new stake in SEA in the second quarter worth $32,000. Hexagon Capital Partners LLC raised its stake in SEA by 63.1% during the second quarter. Hexagon Capital Partners LLC now owns 654 shares of the Internet company based in Singapore's stock valued at $47,000 after purchasing an additional 253 shares in the last quarter. Canton Hathaway LLC lifted its position in SEA by 20.0% during the second quarter. Canton Hathaway LLC now owns 1,200 shares of the Internet company based in Singapore's stock valued at $86,000 after purchasing an additional 200 shares during the last quarter. Finally, GAMMA Investing LLC grew its stake in shares of SEA by 69.5% in the 3rd quarter. GAMMA Investing LLC now owns 1,268 shares of the Internet company based in Singapore's stock worth $120,000 after buying an additional 520 shares in the last quarter. 59.53% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages have recently issued reports on SE. Citigroup decreased their target price on shares of SEA from $81.00 to $80.00 and set a "buy" rating on the stock in a research report on Tuesday, July 23rd. Bank of America upped their price objective on SEA from $84.00 to $96.00 and gave the company a "buy" rating in a research report on Monday, September 23rd. TD Cowen lifted their target price on SEA from $64.00 to $69.00 and gave the stock a "hold" rating in a report on Wednesday, August 14th. Wedbush reissued an "outperform" rating and set a $105.00 target price (up previously from $84.00) on shares of SEA in a research report on Monday, November 4th. Finally, Benchmark raised their price target on SEA from $87.00 to $94.00 and gave the stock a "buy" rating in a research report on Wednesday, August 14th. Three analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $82.54.

SEA Stock Down 2.3 %

Shares of NYSE SE traded down $2.16 during mid-day trading on Friday, reaching $93.56. 4,819,423 shares of the company were exchanged, compared to its average volume of 2,834,667. The firm has a 50-day moving average of $91.40 and a 200 day moving average of $78.13. Sea Limited has a 1 year low of $34.35 and a 1 year high of $101.93. The company has a quick ratio of 1.48, a current ratio of 1.49 and a debt-to-equity ratio of 0.41. The stock has a market cap of $53.55 billion, a price-to-earnings ratio of -267.31 and a beta of 1.52.

SEA (NYSE:SE - Get Free Report) last released its quarterly earnings results on Tuesday, August 13th. The Internet company based in Singapore reported $0.14 earnings per share for the quarter, missing analysts' consensus estimates of $0.59 by ($0.45). SEA had a negative net margin of 1.36% and a negative return on equity of 2.92%. The firm had revenue of $3.81 billion during the quarter, compared to the consensus estimate of $3.73 billion. During the same quarter in the prior year, the business posted $0.54 earnings per share. The firm's quarterly revenue was up 23.0% on a year-over-year basis. On average, research analysts expect that Sea Limited will post 0.77 earnings per share for the current year.

SEA Company 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.