National Pension Service Boosts Stock Holdings in Sea Limited (NYSE:SE)

National Pension Service increased its stake in Sea Limited (NYSE:SE - Free Report) by 9.7% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 560,648 shares of the Internet company based in Singapore's stock after purchasing an additional 49,548 shares during the quarter. National Pension Service owned approximately 0.10% of SEA worth $52,858,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Commonwealth Equity Services LLC lifted its position in shares of SEA by 6.4% in the first quarter. Commonwealth Equity Services LLC now owns 9,997 shares of the Internet company based in Singapore's stock worth $537,000 after buying an additional 597 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its stake in shares of SEA by 4.6% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 180,646 shares of the Internet company based in Singapore's stock worth $9,702,000 after purchasing an additional 7,866 shares during the period. Daiwa Securities Group Inc. grew its position in SEA by 11.9% during the 1st quarter. Daiwa Securities Group Inc. now owns 25,847 shares of the Internet company based in Singapore's stock worth $1,388,000 after purchasing an additional 2,747 shares during the last quarter. Mediolanum International Funds Ltd purchased a new position in shares of SEA in the first quarter worth $2,753,000. Finally, Duality Advisers LP acquired a new stake in shares of SEA during the first quarter worth $845,000. Hedge funds and other institutional investors own 59.53% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on SE shares. Benchmark raised their target price on SEA from $87.00 to $94.00 and gave the stock a "buy" rating in a research note on Wednesday, August 14th. Bank of America lifted their price objective on shares of SEA from $84.00 to $96.00 and gave the company a "buy" rating in a research note on Monday, September 23rd. JPMorgan Chase & Co. upgraded shares of SEA from a "neutral" rating to an "overweight" rating and increased their price objective for the stock from $66.00 to $90.00 in a research note on Wednesday, August 14th. TD Cowen lifted their price objective on SEA from $64.00 to $69.00 and gave the company a "hold" rating in a research note on Wednesday, August 14th. Finally, Citigroup lowered their target price on SEA from $81.00 to $80.00 and set a "buy" rating on the stock in a research note on Tuesday, July 23rd. 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, SEA currently has a consensus rating of "Moderate Buy" and an average target price of $82.54.

SEA Stock Down 1.2 %

NYSE:SE traded down $1.19 during midday trading on Wednesday, hitting $94.55. 1,936,327 shares of the company were exchanged, compared to its average volume of 5,379,146. 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 fifty-two week low of $34.35 and a fifty-two week high of $101.93. The company has a market capitalization of $54.11 billion, a PE ratio of -273.57 and a beta of 1.52. The company has a fifty day simple moving average of $90.45 and a 200 day simple moving average of $77.43.

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 (EPS) for the quarter, missing analysts' consensus estimates of $0.59 by ($0.45). The firm had revenue of $3.81 billion for 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 company's quarterly revenue was up 23.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.54 EPS. As a group, equities analysts anticipate that Sea Limited will post 0.64 earnings per share for the current fiscal 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.