Marcho Partners LLP Takes $5.25 Million Position in Sea Limited (NYSE:SE)

Marcho Partners LLP bought a new position in shares of Sea Limited (NYSE:SE - Free Report) during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm bought 55,678 shares of the Internet company based in Singapore's stock, valued at approximately $5,249,000. SEA accounts for approximately 1.4% of Marcho Partners LLP's holdings, making the stock its 10th largest position.

Several other hedge funds have also recently bought and sold shares of SE. Baillie Gifford & Co. grew its stake in shares of 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 worth $3,730,096,000 after acquiring an additional 5,295,590 shares in the last quarter. WCM Investment Management LLC grew 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 worth $1,971,303,000 after acquiring an additional 5,517,559 shares in the last quarter. Kaizen Investment Management Pte. Ltd. bought a new position in shares of SEA during the 3rd quarter worth approximately $587,544,000. Eminence Capital LP grew its stake 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 acquiring an additional 1,408,314 shares in the last quarter. Finally, Prudential PLC grew its stake in shares of SEA by 6.7% during the 2nd quarter. Prudential PLC now owns 3,649,862 shares of the Internet company based in Singapore's stock worth $260,673,000 after acquiring an additional 229,500 shares in the last quarter. 59.53% of the stock is currently owned by institutional investors and hedge funds.

SEA Price Performance

NYSE:SE traded up $1.91 during mid-day trading on Wednesday, reaching $117.41. The stock had a trading volume of 3,412,164 shares, compared to its average volume of 5,333,655. The firm has a 50 day moving average price of $101.50 and a two-hundred day moving average price of $83.51. The stock has a market capitalization of $67.20 billion, a P/E ratio of 765.67 and a beta of 1.53. Sea Limited has a one year low of $34.35 and a one year high of $118.16. 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 announced its quarterly earnings results on Tuesday, November 12th. The Internet company based in Singapore reported $0.24 EPS for the quarter, missing analysts' consensus estimates of $0.59 by ($0.35). The company had revenue of $4.33 billion during the quarter, compared to analysts' expectations of $4.09 billion. SEA had a return on equity of 1.40% and a net margin of 0.64%. SEA's revenue for the quarter was up 30.8% on a year-over-year basis. During the same period last year, the firm earned ($0.26) earnings per share. As a group, analysts expect that Sea Limited will post 0.81 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on SE shares. Barclays raised their target price on shares of SEA from $94.00 to $131.00 and gave the company an "overweight" rating in a research note on Thursday, November 14th. JPMorgan Chase & Co. upgraded SEA from a "neutral" rating to an "overweight" rating and lifted their target price for the company from $66.00 to $90.00 in a research report on Wednesday, August 14th. TD Cowen boosted their price target on SEA from $69.00 to $100.00 and gave the stock a "hold" rating in a report on Wednesday, November 13th. Wedbush reiterated an "outperform" rating and issued a $105.00 target price (up from $84.00) on shares of SEA in a report on Monday, November 4th. Finally, Benchmark upped their target price on SEA from $94.00 to $130.00 and gave the stock a "buy" rating in a research report on Wednesday, November 13th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $91.21.

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.