SG Americas Securities LLC Sells 81,300 Shares of Sea Limited (NYSE:SE)

SG Americas Securities LLC lessened its position in Sea Limited (NYSE:SE - Free Report) by 88.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 10,313 shares of the Internet company based in Singapore's stock after selling 81,300 shares during the period. SG Americas Securities LLC's holdings in SEA were worth $1,094,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. WCM Investment Management LLC lifted its position in SEA by 35.9% during the third quarter. WCM Investment Management LLC now owns 20,902,378 shares of the Internet company based in Singapore's stock valued at $1,971,303,000 after purchasing an additional 5,517,559 shares during the period. Perpetual Ltd increased its holdings in SEA by 3,033.0% during the fourth quarter. Perpetual Ltd now owns 2,098,003 shares of the Internet company based in Singapore's stock valued at $222,598,000 after buying an additional 2,031,038 shares during the last quarter. Robeco Institutional Asset Management B.V. increased its holdings in SEA by 1.8% during the third quarter. Robeco Institutional Asset Management B.V. now owns 404,096 shares of the Internet company based in Singapore's stock valued at $38,098,000 after buying an additional 7,175 shares during the last quarter. M&T Bank Corp increased its holdings in SEA by 2,163.9% during the third quarter. M&T Bank Corp now owns 74,505 shares of the Internet company based in Singapore's stock valued at $7,024,000 after buying an additional 71,214 shares during the last quarter. Finally, Kaizen Investment Management Pte. Ltd. purchased a new stake in SEA during the third quarter valued at approximately $587,544,000. Institutional investors own 59.53% of the company's stock.

SEA Price Performance

SE traded down $1.17 during trading on Friday, hitting $122.21. 5,729,608 shares of the company traded hands, compared to its average volume of 3,089,363. The company has a market cap of $69.94 billion, a PE ratio of 814.72 and a beta of 1.54. The stock's 50-day simple moving average is $113.16 and its two-hundred day simple moving average is $95.57. Sea Limited has a 1 year low of $38.10 and a 1 year high of $126.12. The company has a current ratio of 1.62, a quick ratio of 1.60 and a debt-to-equity ratio of 0.36.

SEA (NYSE:SE - Get Free Report) last posted its earnings results on Tuesday, November 12th. The Internet company based in Singapore reported $0.24 earnings per share for the quarter, missing the consensus estimate of $0.59 by ($0.35). SEA had a net margin of 0.64% and a return on equity of 1.40%. The company had revenue of $4.33 billion for the quarter, compared to analysts' expectations of $4.09 billion. During the same period in the previous year, the business posted ($0.26) earnings per share. The business's revenue was up 30.8% on a year-over-year basis. As a group, sell-side analysts anticipate that Sea Limited will post 0.8 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of brokerages have commented on SE. Benchmark upped their target price on shares of SEA from $94.00 to $130.00 and gave the company a "buy" rating in a report on Wednesday, November 13th. Phillip Securities reaffirmed a "reduce" rating and set a $100.00 target price (up from $80.00) on shares of SEA in a report on Tuesday, November 19th. Dbs Bank raised shares of SEA from a "hold" rating to a "strong-buy" rating in a report on Wednesday, November 13th. Barclays increased 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. Finally, TD Cowen increased their price objective on shares of SEA from $69.00 to $100.00 and gave the stock a "hold" rating in a research note 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 company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $91.21.

About SEA

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.