Asset Management One Co. Ltd. Raises Stake in Sea Limited (NYSE:SE)

Asset Management One Co. Ltd. boosted its position in shares of Sea Limited (NYSE:SE - Free Report) by 26.5% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 298,631 shares of the Internet company based in Singapore's stock after acquiring an additional 62,489 shares during the period. Asset Management One Co. Ltd. owned 0.05% of SEA worth $28,155,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Commonwealth Equity Services LLC raised its position in SEA by 6.4% during the first quarter. Commonwealth Equity Services LLC now owns 9,997 shares of the Internet company based in Singapore's stock valued at $537,000 after purchasing an additional 597 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its position in SEA by 4.6% in 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 buying an additional 7,866 shares during the last quarter. Daiwa Securities Group Inc. lifted its position in SEA by 11.9% in 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 buying an additional 2,747 shares during the last quarter. Mediolanum International Funds Ltd purchased a new stake in SEA in the first quarter worth approximately $2,753,000. Finally, Clarity Capital Partners LLC bought a new position in SEA during the first quarter valued at approximately $264,000. Institutional investors own 59.53% of the company's stock.

SEA Stock Up 0.6 %

NYSE:SE traded up $0.56 during midday trading on Tuesday, reaching $95.75. 1,683,475 shares of the stock traded hands, compared to its average volume of 5,395,839. The stock has a market capitalization of $54.80 billion, a PE ratio of -271.80 and a beta of 1.52. Sea Limited has a 12-month low of $34.35 and a 12-month high of $101.93. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.48 and a current ratio of 1.49. The business has a 50-day moving average of $90.18 and a two-hundred day moving average of $77.14.

SEA (NYSE:SE - Get Free Report) last posted its quarterly earnings data on Tuesday, August 13th. The Internet company based in Singapore reported $0.14 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.59 by ($0.45). The company had revenue of $3.81 billion for the quarter, compared to analyst estimates of $3.73 billion. SEA had a negative net margin of 1.36% and a negative return on equity of 2.92%. The business's revenue was up 23.0% compared to the same quarter last year. During the same quarter last year, the company earned $0.54 EPS. On average, equities analysts forecast that Sea Limited will post 0.64 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

SE has been the subject of several recent research reports. JPMorgan Chase & Co. upgraded SEA from a "neutral" rating to an "overweight" rating and boosted their price objective for the company from $66.00 to $90.00 in a research report on Wednesday, August 14th. TD Cowen raised their price objective on shares of SEA from $64.00 to $69.00 and gave the stock a "hold" rating in a report on Wednesday, August 14th. Benchmark upped their target price on SEA from $87.00 to $94.00 and gave the stock a "buy" rating in a report on Wednesday, August 14th. Bank of America increased their target price on SEA from $84.00 to $96.00 and gave the stock a "buy" rating in a research report on Monday, September 23rd. Finally, Wedbush restated an "outperform" rating and set a $105.00 price target (up from $84.00) on shares of SEA in a research report on Monday. Three analysts have rated the stock with a hold rating and eleven have given a buy rating to the company's stock. Based on data from MarketBeat, SEA has a consensus rating of "Moderate Buy" and an average target price of $82.54.

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.