Nomura Asset Management Co. Ltd. Has $15.30 Million Holdings in Sea Limited (NYSE:SE)

Nomura Asset Management Co. Ltd. boosted its position in Sea Limited (NYSE:SE - Free Report) by 10.3% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 162,250 shares of the Internet company based in Singapore's stock after purchasing an additional 15,169 shares during the quarter. Nomura Asset Management Co. Ltd.'s holdings in SEA were worth $15,297,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. Rosenberg Matthew Hamilton boosted its position in shares of SEA by 213.7% during the third quarter. Rosenberg Matthew Hamilton now owns 298 shares of the Internet company based in Singapore's stock worth $28,000 after buying an additional 203 shares during the period. Truvestments Capital LLC acquired a new position in SEA during the 3rd quarter worth $41,000. SOA Wealth Advisors LLC. acquired a new position in SEA during the 2nd quarter worth $32,000. Icon Wealth Advisors LLC bought a new position in shares of SEA in the third quarter worth $47,000. Finally, First Horizon Advisors Inc. increased its holdings in shares of SEA by 248.3% during the third quarter. First Horizon Advisors Inc. now owns 700 shares of the Internet company based in Singapore's stock valued at $66,000 after purchasing an additional 499 shares during the period. 59.53% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

SE has been the subject of a number of recent analyst reports. Barclays increased their target price on shares of SEA from $94.00 to $131.00 and gave the company an "overweight" rating in a research report on Thursday, November 14th. Dbs Bank raised SEA from a "hold" rating to a "strong-buy" rating in a report on Wednesday, November 13th. Bank of America upped their price target on shares of SEA from $84.00 to $96.00 and gave the company a "buy" rating in a report on Monday, September 23rd. Wedbush reaffirmed an "outperform" rating and issued a $105.00 price objective (up previously from $84.00) on shares of SEA in a research note on Monday, November 4th. Finally, Phillip Securities reissued a "reduce" rating and set a $100.00 target price (up from $80.00) on shares of SEA in a research note on Tuesday, November 19th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, SEA presently has a consensus rating of "Moderate Buy" and an average target price of $91.21.

SEA Stock Up 4.1 %

Shares of SE stock traded up $4.63 on Wednesday, reaching $116.68. 3,789,188 shares of the company's stock traded hands, compared to its average volume of 5,313,162. The business's 50 day moving average price is $103.97 and its two-hundred day moving average price is $85.24. The company has a market capitalization of $66.78 billion, a P/E ratio of 777.87 and a beta of 1.53. 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 Limited has a 12-month low of $34.35 and a 12-month high of $119.47.

SEA (NYSE:SE - Get Free Report) last issued its earnings results on Tuesday, November 12th. The Internet company based in Singapore reported $0.24 earnings per share for the quarter, missing analysts' consensus estimates of $0.59 by ($0.35). The business had revenue of $4.33 billion during the quarter, compared to analyst estimates of $4.09 billion. SEA had a net margin of 0.64% and a return on equity of 1.40%. SEA's revenue for the quarter was up 30.8% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.26) EPS. On average, equities analysts forecast that Sea Limited will post 0.81 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.