Sea Limited (NYSE:SE) Stake Trimmed by Matthews International Capital Management LLC

Matthews International Capital Management LLC cut its position in shares of Sea Limited (NYSE:SE - Free Report) by 35.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 401,999 shares of the Internet company based in Singapore's stock after selling 222,026 shares during the quarter. SEA makes up about 8.7% of Matthews International Capital Management LLC's holdings, making the stock its 2nd biggest position. Matthews International Capital Management LLC owned approximately 0.07% of SEA worth $42,652,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Dimensional Fund Advisors LP lifted its stake in shares of SEA by 445.4% during the 2nd quarter. Dimensional Fund Advisors LP now owns 51,096 shares of the Internet company based in Singapore's stock valued at $3,649,000 after buying an additional 41,728 shares in the last quarter. Bank of Montreal Can purchased a new stake in SEA in the 2nd quarter worth approximately $10,279,000. AQR Capital Management LLC lifted its stake in SEA by 0.6% in the 2nd quarter. AQR Capital Management LLC now owns 137,222 shares of the Internet company based in Singapore's stock worth $9,800,000 after purchasing an additional 839 shares in the last quarter. MBB Public Markets I LLC purchased a new stake in SEA in the 2nd quarter worth approximately $1,881,000. Finally, Susquehanna Fundamental Investments LLC purchased a new stake in SEA in the 2nd quarter worth approximately $3,092,000. 59.53% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts recently commented on the stock. Wedbush reaffirmed an "outperform" rating and set a $105.00 target price (up previously from $84.00) on shares of SEA in a report on Monday, November 4th. Dbs Bank raised shares of SEA from a "hold" rating to a "strong-buy" rating in a report on Wednesday, November 13th. Barclays raised their price target on shares of SEA from $94.00 to $131.00 and gave the stock an "overweight" rating in a report on Thursday, November 14th. TD Cowen raised their price target on shares of SEA from $69.00 to $100.00 and gave the stock a "hold" rating in a report on Wednesday, November 13th. Finally, Benchmark raised their price target on shares of SEA from $94.00 to $130.00 and gave the stock a "buy" rating in a report on Wednesday, November 13th. One analyst has rated the stock with a sell rating, two have given a hold rating, eleven have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $91.21.

SEA Stock Up 5.0 %

SEA stock traded up $5.70 during trading hours on Tuesday, hitting $119.93. The stock had a trading volume of 4,585,140 shares, compared to its average volume of 3,446,224. 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 $68.64 billion, a P/E ratio of 799.50 and a beta of 1.54. Sea Limited has a 12-month low of $38.10 and a 12-month high of $121.64. The stock's 50-day moving average price is $112.68 and its 200-day moving average price is $94.66.

SEA (NYSE:SE - Get Free Report) last issued its 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 during 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 period last year, the firm posted ($0.26) earnings per share. Equities research analysts anticipate that Sea Limited will post 0.76 EPS for the current fiscal year.

SEA Company Profile

Sea Ltd. is an internet and mobile platform company, which engages in the provision of online gaming services. It operates through the following segments: Digital Entertainment, E-Commerce, and Digital Financial Services. The Digital Entertainment segment offers and develops mobile and PC online games.