Sea Limited (NYSE:SE) Shares Sold by Nordea Investment Management AB

Nordea Investment Management AB trimmed its stake in shares of Sea Limited (NYSE:SE - Free Report) by 11.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 371,803 shares of the Internet company based in Singapore's stock after selling 45,750 shares during the quarter. Nordea Investment Management AB owned approximately 0.06% of SEA worth $39,575,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also bought and sold shares of SE. Rosenberg Matthew Hamilton raised its holdings 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 valued at $28,000 after acquiring an additional 203 shares in the last quarter. Truvestments Capital LLC purchased a new position in SEA during the 3rd quarter valued at $41,000. Icon Wealth Advisors LLC purchased a new stake in shares of SEA in the 3rd quarter worth about $47,000. SOA Wealth Advisors LLC. boosted its stake in shares of SEA by 33.3% during the 3rd quarter. SOA Wealth Advisors LLC. now owns 600 shares of the Internet company based in Singapore's stock valued at $57,000 after purchasing an additional 150 shares in the last quarter. Finally, TD Private Client Wealth LLC increased its position in shares of SEA by 33.7% during the third quarter. TD Private Client Wealth LLC now owns 603 shares of the Internet company based in Singapore's stock valued at $57,000 after buying an additional 152 shares during the period. 59.53% of the stock is owned by hedge funds and other institutional investors.

SEA Stock Up 2.5 %

SE traded up $2.68 on Wednesday, hitting $109.10. The company had a trading volume of 3,120,969 shares, compared to its average volume of 3,790,919. The stock has a market capitalization of $62.44 billion, a price-to-earnings ratio of 727.33 and a beta of 1.54. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.60 and a current ratio of 1.62. The stock has a fifty day moving average price of $108.91 and a 200-day moving average price of $90.52. 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 announced its earnings results on Tuesday, November 12th. The Internet company based in Singapore reported $0.24 earnings per share for the quarter, missing the consensus estimate of $0.59 by ($0.35). SEA had a return on equity of 1.40% and a net margin of 0.64%. The business had revenue of $4.33 billion for the quarter, compared to analysts' expectations of $4.09 billion. During the same quarter last year, the firm earned ($0.26) earnings per share. The firm's quarterly revenue was up 30.8% compared to the same quarter last year. Analysts predict that Sea Limited will post 0.81 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of analysts have weighed in on the stock. Wedbush restated an "outperform" rating and set a $105.00 price objective (up from $84.00) on shares of SEA in a research note on Monday, November 4th. Bank of America upped their price objective on SEA from $84.00 to $96.00 and gave the company a "buy" rating in a research report on Monday, September 23rd. Phillip Securities reissued a "reduce" rating and issued a $100.00 target price (up previously from $80.00) on shares of SEA in a report on Tuesday, November 19th. Benchmark upped their price target on SEA from $94.00 to $130.00 and gave the company a "buy" rating in a report on Wednesday, November 13th. Finally, Dbs Bank raised shares of SEA from a "hold" rating to a "strong-buy" rating in a report on Wednesday, November 13th. One research analyst has rated the stock with a sell rating, two have issued a hold rating, eleven have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, SEA currently has a consensus rating of "Moderate Buy" and a consensus price target of $91.21.

SEA Company Profile

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.