Sea Limited (NYSE:SE) Stake Lifted by ShawSpring Partners LLC

ShawSpring Partners LLC raised its stake in shares of Sea Limited (NYSE:SE - Free Report) by 11.1% in the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 943,179 shares of the Internet company based in Singapore's stock after purchasing an additional 94,382 shares during the period. SEA accounts for about 11.2% of ShawSpring Partners LLC's investment portfolio, making the stock its 3rd biggest holding. ShawSpring Partners LLC owned approximately 0.16% of SEA worth $88,923,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently made changes to their positions in SE. Rosenberg Matthew Hamilton lifted its position in shares of SEA by 213.7% in 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. SOA Wealth Advisors LLC. purchased a new stake in shares of SEA during the 2nd quarter valued at about $32,000. Truvestments Capital LLC bought a new stake in SEA during the third quarter worth approximately $41,000. Hexagon Capital Partners LLC raised its position in SEA by 63.1% during the second quarter. Hexagon Capital Partners LLC now owns 654 shares of the Internet company based in Singapore's stock valued at $47,000 after purchasing an additional 253 shares during the period. Finally, Icon Wealth Advisors LLC bought a new stake in shares of SEA in the 3rd quarter valued at approximately $47,000. Institutional investors own 59.53% of the company's stock.

Analyst Ratings Changes

Several research analysts have commented on the stock. Barclays lifted their price objective on shares of SEA from $94.00 to $131.00 and gave the stock an "overweight" rating in a research note on Thursday, November 14th. Wedbush reiterated an "outperform" rating and set a $105.00 price target (up 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 raised their price objective for the stock from $66.00 to $90.00 in a research note on Wednesday, August 14th. Bank of America upped their price target on shares of SEA from $84.00 to $96.00 and gave the stock a "buy" rating in a report on Monday, September 23rd. Finally, Phillip Securities restated a "reduce" rating and issued a $100.00 price objective (up from $80.00) on shares of SEA in a report on Tuesday, November 19th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, SEA has a consensus rating of "Moderate Buy" and a consensus target price of $91.21.

SEA Trading Up 1.5 %

Shares of NYSE SE traded up $1.75 during midday trading on Wednesday, reaching $115.68. 1,642,065 shares of the stock were exchanged, compared to its average volume of 5,366,845. The company has a 50 day simple moving average of $98.75 and a 200 day simple moving average of $81.90. The stock has a market capitalization of $66.21 billion, a P/E ratio of 759.40 and a beta of 1.52. Sea Limited has a twelve month low of $34.35 and a twelve month high of $117.85. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.60 and a current ratio of 1.62.

SEA (NYSE:SE - Get Free Report) last released its earnings results on Tuesday, November 12th. The Internet company based in Singapore reported $0.24 earnings per share for the quarter, missing analysts' consensus estimates of $0.59 by ($0.35). The firm had revenue of $4.33 billion for the quarter, compared to analysts' expectations of $4.09 billion. SEA had a return on equity of 1.40% and a net margin of 0.64%. The firm's quarterly revenue was up 30.8% on a year-over-year basis. During the same quarter in the previous year, the company posted ($0.26) earnings per share. As a group, equities analysts expect that Sea Limited will post 0.81 earnings per share for the current year.

About SEA

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.