Geode Capital Management LLC Acquires 124,433 Shares of Sea Limited (NYSE:SE)

Geode Capital Management LLC lifted its position in Sea Limited (NYSE:SE - Free Report) by 4.2% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 3,059,521 shares of the Internet company based in Singapore's stock after buying an additional 124,433 shares during the period. Geode Capital Management LLC owned approximately 0.53% of SEA worth $283,543,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of SE. Rosenberg Matthew Hamilton boosted its holdings in 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 in the last quarter. Truvestments Capital LLC bought a new stake in shares of SEA during the 3rd quarter worth $41,000. Icon Wealth Advisors LLC bought a new stake in shares of SEA during the 3rd quarter worth $47,000. First Horizon Advisors Inc. grew its holdings in shares of SEA by 248.3% in the 3rd quarter. First Horizon Advisors Inc. now owns 700 shares of the Internet company based in Singapore's stock worth $66,000 after acquiring an additional 499 shares during the last quarter. Finally, Canton Hathaway LLC raised its position in shares of SEA by 20.0% during the second quarter. Canton Hathaway LLC now owns 1,200 shares of the Internet company based in Singapore's stock worth $86,000 after purchasing an additional 200 shares during the period. Institutional investors and hedge funds own 59.53% of the company's stock.

SEA Stock Performance

Shares of SEA stock traded down $0.82 on Friday, reaching $116.47. The stock had a trading volume of 1,767,721 shares, compared to its average volume of 3,851,776. Sea Limited has a fifty-two week low of $34.35 and a fifty-two week high of $119.47. The business's 50-day moving average price is $104.82 and its two-hundred day moving average price is $86.01. 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 market cap of $66.66 billion, a P/E ratio of 776.47 and a beta of 1.53.

SEA (NYSE:SE - Get Free Report) last posted its quarterly earnings data on Tuesday, November 12th. The Internet company based in Singapore reported $0.24 EPS for the quarter, missing analysts' consensus estimates 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 quarter in the previous year, the firm posted ($0.26) earnings per share. The company's revenue for the quarter was up 30.8% on a year-over-year basis. On average, sell-side analysts forecast that Sea Limited will post 0.81 EPS for the current year.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on SE. Barclays boosted their price target on shares of SEA from $94.00 to $131.00 and gave the company an "overweight" rating in a report on Thursday, November 14th. Bank of America boosted their target price on shares of SEA from $84.00 to $96.00 and gave the company a "buy" rating in a research note on Monday, September 23rd. Phillip Securities restated 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. TD Cowen lifted their price target on SEA from $69.00 to $100.00 and gave the company a "hold" rating in a report on Wednesday, November 13th. Finally, Benchmark increased their price objective on SEA from $94.00 to $130.00 and gave the stock a "buy" rating in a research note on Wednesday, November 13th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $91.21.

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.