Penserra Capital Management LLC Has $26.11 Million Holdings in Sea Limited (NYSE:SE)

Penserra Capital Management LLC cut its stake in shares of Sea Limited (NYSE:SE - Free Report) by 7.6% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 276,974 shares of the Internet company based in Singapore's stock after selling 22,623 shares during the period. Penserra Capital Management LLC's holdings in SEA were worth $26,112,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. Kaizen Investment Management Pte. Ltd. acquired a new stake in shares of SEA in the third quarter worth $587,544,000. WCM Investment Management LLC boosted its position in SEA by 35.9% during the 3rd quarter. WCM Investment Management LLC now owns 20,902,378 shares of the Internet company based in Singapore's stock worth $1,971,303,000 after purchasing an additional 5,517,559 shares during the period. Baillie Gifford & Co. increased its holdings in SEA by 15.5% in 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 purchasing an additional 5,295,590 shares in the last quarter. Eminence Capital LP raised its position in SEA by 45.2% in the second quarter. Eminence Capital LP now owns 4,522,441 shares of the Internet company based in Singapore's stock valued at $322,993,000 after purchasing an additional 1,408,314 shares during the period. Finally, Clearbridge Investments LLC acquired a new position in shares of SEA during the second quarter worth about $99,989,000. 59.53% of the stock is currently owned by institutional investors and hedge funds.

SEA Stock Performance

Shares of NYSE SE traded down $3.29 during mid-day trading on Friday, hitting $113.04. The company had a trading volume of 3,176,740 shares, compared to its average volume of 4,453,173. Sea Limited has a 12 month low of $34.35 and a 12 month high of $117.85. The firm has a market cap of $64.70 billion, a P/E ratio of 753.60 and a beta of 1.52. The business's 50-day simple moving average is $97.40 and its 200-day simple moving average is $81.22. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.62 and a quick ratio of 1.60.

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

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on SE shares. Wedbush reiterated an "outperform" rating and issued a $105.00 target price (up previously from $84.00) on shares of SEA in a research note on Monday, November 4th. Dbs Bank upgraded shares of SEA from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, November 13th. Barclays upped their target price on shares of SEA from $94.00 to $131.00 and gave the company an "overweight" rating in a research note on Thursday, November 14th. Bank of America raised their price target on shares of SEA from $84.00 to $96.00 and gave the company a "buy" rating in a report on Monday, September 23rd. Finally, JPMorgan Chase & Co. raised shares of SEA from a "neutral" rating to an "overweight" rating and upped their price objective for the company from $66.00 to $90.00 in a research report on Wednesday, August 14th. One research 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's stock. Based on data from MarketBeat, SEA currently has a consensus rating of "Moderate Buy" and an average target price of $91.21.

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.