Tidal Investments LLC Boosts Stake in Sea Limited (NYSE:SE)

Tidal Investments LLC grew its stake in shares of Sea Limited (NYSE:SE - Free Report) by 1,270.6% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 109,034 shares of the Internet company based in Singapore's stock after buying an additional 101,079 shares during the period. Tidal Investments LLC's holdings in SEA were worth $10,280,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the stock. 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 worth $28,000 after buying an additional 203 shares in the last quarter. Truvestments Capital LLC purchased a new position in shares of SEA in the third quarter valued at $41,000. Icon Wealth Advisors LLC bought a new stake in SEA in the third quarter worth $47,000. SOA Wealth Advisors LLC. raised its stake in SEA by 33.3% during the third quarter. SOA Wealth Advisors LLC. now owns 600 shares of the Internet company based in Singapore's stock valued at $57,000 after purchasing an additional 150 shares in the last quarter. Finally, TD Private Client Wealth LLC lifted its position in SEA by 33.7% during the third quarter. TD Private Client Wealth LLC now owns 603 shares of the Internet company based in Singapore's stock valued at $57,000 after purchasing an additional 152 shares during the last quarter. 59.53% of the stock is currently owned by institutional investors.

SEA Stock Performance

Shares of SE traded down $1.09 during mid-day trading on Friday, reaching $116.20. The company had a trading volume of 1,037,795 shares, compared to its average volume of 5,285,121. The stock has a 50 day moving average of $104.41 and a two-hundred day moving average of $85.46. The company has a quick ratio of 1.60, a current ratio of 1.62 and a debt-to-equity ratio of 0.36. The stock has a market capitalization of $66.51 billion, a P/E ratio of 781.80 and a beta of 1.53. Sea Limited has a 52-week low of $34.35 and a 52-week high of $119.47.

SEA (NYSE:SE - Get Free Report) last released its quarterly earnings data 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 during the quarter, compared to analysts' expectations of $4.09 billion. SEA had a net margin of 0.64% and a return on equity of 1.40%. The firm's quarterly revenue was up 30.8% on a year-over-year basis. During the same period in the previous year, the firm posted ($0.26) EPS. On average, analysts expect that Sea Limited will post 0.81 earnings per share for the current year.

Analyst Ratings Changes

Several analysts have recently issued reports on SE shares. Wedbush restated an "outperform" rating and set a $105.00 target price (up from $84.00) on shares of SEA in a research report on Monday, November 4th. Bank of America boosted their target price on SEA from $84.00 to $96.00 and gave the company a "buy" rating in a research report on Monday, September 23rd. Dbs Bank upgraded shares of SEA from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, November 13th. Benchmark raised their target price on shares of SEA from $94.00 to $130.00 and gave the stock a "buy" rating in a report on Wednesday, November 13th. Finally, TD Cowen upped their price target on shares of SEA from $69.00 to $100.00 and gave the company a "hold" rating in a report on Wednesday, November 13th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $91.21.

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.