Mediolanum International Funds Ltd Sells 18,608 Shares of Sea Limited (NYSE:SE)

Mediolanum International Funds Ltd decreased its holdings in shares of Sea Limited (NYSE:SE - Free Report) by 16.4% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 95,159 shares of the Internet company based in Singapore's stock after selling 18,608 shares during the period. Mediolanum International Funds Ltd's holdings in SEA were worth $10,203,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the business. Kaizen Investment Management Pte. Ltd. purchased a new position in SEA in the 3rd quarter worth approximately $587,544,000. WCM Investment Management LLC increased its stake in shares of SEA by 35.9% in the third 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 buying an additional 5,517,559 shares during the period. Baillie Gifford & Co. raised its holdings in 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 valued at $3,730,096,000 after buying an additional 5,295,590 shares during the last quarter. Perpetual Ltd boosted its position in SEA by 3,033.0% during the 4th quarter. Perpetual Ltd now owns 2,098,003 shares of the Internet company based in Singapore's stock valued at $222,598,000 after buying an additional 2,031,038 shares during the period. Finally, CoreView Capital Management Ltd grew its holdings in SEA by 341.1% in the 3rd quarter. CoreView Capital Management Ltd now owns 1,996,376 shares of the Internet company based in Singapore's stock worth $188,218,000 after acquiring an additional 1,543,743 shares during the last quarter. Hedge funds and other institutional investors own 59.53% of the company's stock.

SEA Price Performance

Shares of SE stock traded up $0.84 during trading hours on Tuesday, hitting $122.74. The stock had a trading volume of 2,087,183 shares, compared to its average volume of 3,427,499. The stock's 50-day moving average price is $113.32 and its two-hundred day moving average price is $96.13. Sea Limited has a one year low of $41.05 and a one year high of $126.12. The stock has a market capitalization of $70.25 billion, a price-to-earnings ratio of 818.60 and a beta of 1.55. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.62 and a quick ratio of 1.60.

SEA (NYSE:SE - Get Free Report) last posted its 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 firm had revenue of $4.33 billion for the quarter, compared to the consensus estimate of $4.09 billion. SEA had a net margin of 0.64% and a return on equity of 1.40%. The firm's revenue was up 30.8% compared to the same quarter last year. During the same quarter in the prior year, the company posted ($0.26) earnings per share. Equities analysts forecast that Sea Limited will post 0.8 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the company. Benchmark increased their price objective on SEA from $94.00 to $130.00 and gave the stock a "buy" rating in a report on Wednesday, November 13th. Wedbush reiterated an "outperform" rating and issued a $105.00 price target (up previously from $84.00) on shares of SEA in a report on Monday, November 4th. TD Cowen upped their price objective on shares of SEA from $69.00 to $100.00 and gave the stock a "hold" rating in a report on Wednesday, November 13th. Phillip Securities reaffirmed a "reduce" rating and set a $100.00 target price (up previously from $80.00) on shares of SEA in a research note on Tuesday, November 19th. Finally, Dbs Bank raised shares of SEA from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, November 13th. One analyst has rated the stock with a sell rating, two have issued a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, SEA currently has an average rating of "Moderate Buy" and an average price target of $91.21.

About SEA

Sea Ltd. is an internet and mobile platform company, which engages in the provision of online gaming services. It operates through the following segments: Digital Entertainment, E-Commerce, and Digital Financial Services. The Digital Entertainment segment offers and develops mobile and PC online games.