Sylebra Capital LLC Sells 286,729 Shares of Sea Limited (NYSE:SE)

Sylebra Capital LLC trimmed its stake in Sea Limited (NYSE:SE - Free Report) by 54.8% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 236,048 shares of the Internet company based in Singapore's stock after selling 286,729 shares during the period. SEA accounts for about 0.7% of Sylebra Capital LLC's investment portfolio, making the stock its 24th largest position. Sylebra Capital LLC's holdings in SEA were worth $22,255,000 as of its most recent filing with the SEC.

Other institutional investors have also made changes to their positions in the company. Kaizen Investment Management Pte. Ltd. acquired a new stake in shares of SEA during the 3rd quarter worth approximately $587,544,000. WCM Investment Management LLC grew its holdings in shares of 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 in the last quarter. Baillie Gifford & Co. grew its holdings in shares of SEA by 15.5% during the 3rd quarter. Baillie Gifford & Co. now owns 39,564,018 shares of the Internet company based in Singapore's stock worth $3,730,096,000 after purchasing an additional 5,295,590 shares in the last quarter. CoreView Capital Management Ltd grew its holdings in shares of SEA by 341.1% during the 3rd quarter. CoreView Capital Management Ltd now owns 1,996,376 shares of the Internet company based in Singapore's stock worth $188,218,000 after purchasing an additional 1,543,743 shares in the last quarter. Finally, Eminence Capital LP grew its holdings in shares of SEA by 45.2% during the 2nd quarter. Eminence Capital LP now owns 4,522,441 shares of the Internet company based in Singapore's stock worth $322,993,000 after purchasing an additional 1,408,314 shares in the last quarter. 59.53% of the stock is owned by institutional investors.

SEA Stock Down 1.8 %

SEA stock traded down $2.09 during mid-day trading on Tuesday, reaching $112.06. The stock had a trading volume of 2,598,977 shares, compared to its average volume of 5,321,935. The company has a market capitalization of $64.14 billion, a price-to-earnings ratio of 747.07 and a beta of 1.53. The company has a 50-day moving average price of $103.54 and a two-hundred day moving average price of $85.02. Sea Limited has a one year low of $34.35 and a one year high of $119.47. 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 posted 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 company 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%. SEA's revenue was up 30.8% on a year-over-year basis. During the same quarter in the prior year, the company posted ($0.26) EPS. On average, analysts expect that Sea Limited will post 0.81 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts recently commented on the company. Phillip Securities restated a "reduce" rating and set a $100.00 target price (up previously from $80.00) on shares of SEA in a research report on Tuesday, November 19th. Dbs Bank upgraded SEA from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, November 13th. Bank of America raised their target price on SEA from $84.00 to $96.00 and gave the stock a "buy" rating in a research report on Monday, September 23rd. Benchmark raised their target price on SEA from $94.00 to $130.00 and gave the stock a "buy" rating in a research report on Wednesday, November 13th. Finally, Barclays raised their target price on SEA from $94.00 to $131.00 and gave the stock an "overweight" rating in a research report on Thursday, November 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 issued a strong buy rating to the company. Based on data from MarketBeat, SEA presently has a consensus rating of "Moderate Buy" and an average price target 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.