Los Angeles Capital Management LLC Sells 646,837 Shares of Sea Limited (NYSE:SE)

Los Angeles Capital Management LLC decreased its position in shares of Sea Limited (NYSE:SE - Free Report) by 62.5% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 388,885 shares of the Internet company based in Singapore's stock after selling 646,837 shares during the quarter. Los Angeles Capital Management LLC owned about 0.07% of SEA worth $36,664,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Baillie Gifford & Co. boosted its holdings in shares of SEA by 0.4% during the 2nd quarter. Baillie Gifford & Co. now owns 34,268,428 shares of the Internet company based in Singapore's stock worth $2,447,451,000 after buying an additional 148,980 shares in the last quarter. Kaizen Investment Management Pte. Ltd. bought a new stake in SEA in the third quarter valued at $587,544,000. Kora Management LP raised its holdings in shares of SEA by 9.4% during the first quarter. Kora Management LP now owns 4,637,500 shares of the Internet company based in Singapore's stock valued at $249,080,000 after purchasing an additional 400,000 shares during the period. Eminence Capital LP boosted its position in shares of SEA by 45.2% during the 2nd quarter. Eminence Capital LP now owns 4,522,441 shares of the Internet company based in Singapore's stock worth $322,993,000 after purchasing an additional 1,408,314 shares in the last quarter. Finally, Kontiki Capital Management HK Ltd. boosted its position in shares of SEA by 1.9% during the 1st quarter. Kontiki Capital Management HK Ltd. now owns 3,744,416 shares of the Internet company based in Singapore's stock worth $201,113,000 after purchasing an additional 68,900 shares in the last quarter. Institutional investors and hedge funds own 59.53% of the company's stock.

SEA Stock Performance

Shares of SEA stock traded up $3.90 on Monday, reaching $97.46. 5,789,298 shares of the company traded hands, compared to its average volume of 5,371,591. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.49 and a quick ratio of 1.48. The firm has a market capitalization of $55.78 billion, a PE ratio of -278.46 and a beta of 1.52. The company has a 50 day moving average of $91.78 and a 200 day moving average of $78.38. Sea Limited has a 52 week low of $34.35 and a 52 week high of $101.93.

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

Wall Street Analyst Weigh In

A number of brokerages have commented on SE. Citigroup reduced their price objective on SEA from $81.00 to $80.00 and set a "buy" rating for the company in a research note on Tuesday, July 23rd. JPMorgan Chase & Co. raised shares of SEA from a "neutral" rating to an "overweight" rating and lifted their price target for the company from $66.00 to $90.00 in a research report on Wednesday, August 14th. Bank of America upped their price objective on shares of SEA from $84.00 to $96.00 and gave the stock a "buy" rating in a report on Monday, September 23rd. TD Cowen lifted their price objective on shares of SEA from $64.00 to $69.00 and gave the company a "hold" rating in a report on Wednesday, August 14th. Finally, Barclays upped their target price on shares of SEA from $87.00 to $94.00 and gave the stock an "overweight" rating in a report on Thursday, August 15th. Three research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat.com, SEA has a consensus rating of "Moderate Buy" and a consensus target price of $82.54.

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.