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

Nordea Investment Management AB reduced its stake in shares of Sea Limited (NYSE:SE - Free Report) by 38.1% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 721,499 shares of the Internet company based in Singapore's stock after selling 444,178 shares during the period. Nordea Investment Management AB owned approximately 0.13% of SEA worth $38,824,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in SE. Lazard Asset Management LLC lifted its position in SEA by 12.9% during the third quarter. Lazard Asset Management LLC now owns 32,612 shares of the Internet company based in Singapore's stock valued at $1,433,000 after purchasing an additional 3,737 shares during the period. AQR Capital Management LLC raised its position in shares of SEA by 258.8% in the third quarter. AQR Capital Management LLC now owns 189,211 shares of the Internet company based in Singapore's stock worth $8,306,000 after acquiring an additional 136,470 shares during the period. Legal & General Group Plc raised its position in shares of SEA by 1.1% in the third quarter. Legal & General Group Plc now owns 2,171,737 shares of the Internet company based in Singapore's stock worth $95,448,000 after acquiring an additional 24,340 shares during the period. GSA Capital Partners LLP raised its position in shares of SEA by 327.0% in the third quarter. GSA Capital Partners LLP now owns 19,274 shares of the Internet company based in Singapore's stock worth $847,000 after acquiring an additional 14,760 shares during the period. Finally, iA Global Asset Management Inc. acquired a new position in shares of SEA in the third quarter worth about $377,000. 59.53% of the stock is currently owned by institutional investors and hedge funds.

SEA Trading Up 0.8 %

NYSE:SE traded up $0.58 on Tuesday, hitting $73.54. The stock had a trading volume of 4,751,300 shares, compared to its average volume of 6,207,234. The company has a quick ratio of 1.44, a current ratio of 1.46 and a debt-to-equity ratio of 0.43. The stock has a market cap of $42.09 billion, a price-to-earnings ratio of 1,470.80 and a beta of 1.51. The company has a fifty day moving average price of $71.00 and a two-hundred day moving average price of $56.28. Sea Limited has a 1-year low of $34.35 and a 1-year high of $76.60.

SEA (NYSE:SE - Get Free Report) last issued its quarterly earnings data on Tuesday, May 14th. The Internet company based in Singapore reported ($0.04) EPS for the quarter, missing the consensus estimate of $0.36 by ($0.40). SEA had a return on equity of 0.80% and a net margin of 0.39%. The company had revenue of $3.73 billion during the quarter, compared to analyst estimates of $3.64 billion. During the same quarter in the prior year, the company posted $0.15 earnings per share. The business's revenue was up 22.8% compared to the same quarter last year. Equities research analysts expect that Sea Limited will post 0.66 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research analysts have weighed in on SE shares. Wedbush reiterated an "outperform" rating and issued a $72.00 price objective on shares of SEA in a research report on Tuesday, May 14th. TD Cowen upped their price objective on shares of SEA from $52.00 to $64.00 and gave the stock a "hold" rating in a research report on Wednesday, May 15th. Bank of America boosted their target price on shares of SEA from $70.00 to $75.00 and gave the stock a "buy" rating in a research note on Wednesday, May 15th. Morgan Stanley raised shares of SEA from an "equal weight" rating to an "overweight" rating and boosted their target price for the stock from $65.00 to $70.00 in a research note on Monday, April 22nd. Finally, Barclays boosted their target price on shares of SEA from $85.00 to $87.00 and gave the stock an "overweight" rating in a research note on Thursday, May 16th. Six investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $73.50.

SEA 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.