Oppenheimer Asset Management Inc. Sells 7,070 Shares of Sea Limited (NYSE:SE)

Oppenheimer Asset Management Inc. cut its holdings in Sea Limited (NYSE:SE - Free Report) by 8.8% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 73,305 shares of the Internet company based in Singapore's stock after selling 7,070 shares during the period. Oppenheimer Asset Management Inc.'s holdings in SEA were worth $6,911,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Chase Investment Counsel Corp grew its stake in shares of SEA by 68.0% in the third quarter. Chase Investment Counsel Corp now owns 21,889 shares of the Internet company based in Singapore's stock worth $2,063,000 after acquiring an additional 8,862 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. lifted its stake in shares of SEA by 3.8% during the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 1,167,351 shares of the Internet company based in Singapore's stock worth $110,058,000 after acquiring an additional 43,047 shares during the last quarter. Baillie Gifford & Co. boosted its holdings in SEA by 15.5% during the 3rd quarter. Baillie Gifford & Co. now owns 39,564,018 shares of the Internet company based in Singapore's stock valued at $3,730,096,000 after acquiring an additional 5,295,590 shares during the period. GSA Capital Partners LLP lifted its holdings in shares of SEA by 249.5% in the 3rd quarter. GSA Capital Partners LLP now owns 16,471 shares of the Internet company based in Singapore's stock worth $1,553,000 after buying an additional 11,758 shares during the period. Finally, Apollon Wealth Management LLC increased its position in SEA by 9.0% during the 3rd quarter. Apollon Wealth Management LLC now owns 33,342 shares of the Internet company based in Singapore's stock valued at $3,143,000 after buying an additional 2,763 shares in the last quarter. Institutional investors own 59.53% of the company's stock.

Analysts Set New Price Targets

Several equities analysts recently issued reports on SE shares. Citigroup dropped their price target on SEA from $81.00 to $80.00 and set a "buy" rating on the stock in a research report on Tuesday, July 23rd. Bank of America raised their price objective on shares of SEA from $84.00 to $96.00 and gave the stock a "buy" rating in a research note on Monday, September 23rd. Wedbush reiterated an "outperform" rating and issued a $105.00 target price (up previously from $84.00) on shares of SEA in a report on Monday, November 4th. JPMorgan Chase & Co. raised shares of SEA from a "neutral" rating to an "overweight" rating and upped their price objective for the stock from $66.00 to $90.00 in a research note on Wednesday, August 14th. Finally, Dbs Bank upgraded shares of SEA from a "hold" rating to a "strong-buy" rating in a report on Wednesday. Two research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, SEA currently has an average rating of "Moderate Buy" and an average target price of $90.54.

SEA Stock Down 1.9 %

NYSE SE traded down $1.92 on Friday, reaching $101.41. The company had a trading volume of 3,649,026 shares, compared to its average volume of 5,402,471. Sea Limited has a 1 year low of $34.35 and a 1 year high of $117.52. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.62 and a quick ratio of 1.48. The firm has a 50-day moving average of $93.42 and a 200-day moving average of $79.05. The firm has a market capitalization of $58.04 billion, a PE ratio of 666.47 and a beta of 1.52.

SEA (NYSE:SE - Get Free Report) last issued its quarterly earnings results on Tuesday, November 12th. The Internet company based in Singapore reported $0.24 EPS 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 during the quarter, compared to the consensus estimate of $4.09 billion. During the same period in the prior year, the firm earned ($0.26) earnings per share. The business's quarterly revenue was up 30.8% on a year-over-year basis. On average, equities research analysts anticipate that Sea Limited will post 0.8 EPS 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.