Sea Limited (NYSE:SE) Stake Decreased by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans lowered its stake in shares of Sea Limited (NYSE:SE - Free Report) by 91.8% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 8,709 shares of the Internet company based in Singapore's stock after selling 96,884 shares during the quarter. Thrivent Financial for Lutherans' holdings in SEA were worth $821,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently bought and sold shares of SE. Cetera Advisors LLC purchased a new position in SEA in the first quarter valued at $230,000. Harbor Capital Advisors Inc. grew its holdings in shares of SEA by 14.6% during the second quarter. Harbor Capital Advisors Inc. now owns 7,154 shares of the Internet company based in Singapore's stock worth $511,000 after purchasing an additional 909 shares during the last quarter. Gulf International Bank UK Ltd increased its position in shares of SEA by 0.7% during the second quarter. Gulf International Bank UK Ltd now owns 28,958 shares of the Internet company based in Singapore's stock worth $2,068,000 after purchasing an additional 213 shares in the last quarter. Gunderson Capital Management Inc. purchased a new stake in shares of SEA in the 2nd quarter valued at about $2,723,000. Finally, Hexagon Capital Partners LLC lifted its holdings in shares of SEA by 63.1% in the 2nd quarter. Hexagon Capital Partners LLC now owns 654 shares of the Internet company based in Singapore's stock valued at $47,000 after purchasing an additional 253 shares during the last quarter. Hedge funds and other institutional investors own 59.53% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on SE shares. JPMorgan Chase & Co. raised SEA from a "neutral" rating to an "overweight" rating and boosted their target price for the company from $66.00 to $90.00 in a report on Wednesday, August 14th. Phillip Securities reissued a "reduce" rating and issued a $100.00 target price (up from $80.00) on shares of SEA in a report on Tuesday, November 19th. Dbs Bank raised SEA from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, November 13th. TD Cowen upped their price objective on SEA from $69.00 to $100.00 and gave the company a "hold" rating in a research note on Wednesday, November 13th. Finally, Wedbush reaffirmed an "outperform" rating and set a $105.00 price objective (up from $84.00) on shares of SEA in a research note on Monday, November 4th. One analyst has rated the stock with a sell rating, two have assigned a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $91.21.

SEA Trading Up 1.7 %

Shares of SE traded up $1.95 during trading hours on Wednesday, hitting $117.45. The stock had a trading volume of 1,851,366 shares, compared to its average volume of 5,326,723. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.60 and a current ratio of 1.62. The firm has a market cap of $67.22 billion, a P/E ratio of 765.67 and a beta of 1.53. The company's fifty day simple moving average is $101.50 and its 200 day simple moving average is $83.51. Sea Limited has a 12-month low of $34.35 and a 12-month high of $118.16.

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 EPS 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 during the quarter, compared to analysts' expectations of $4.09 billion. During the same period last year, the business earned ($0.26) earnings per share. The company's revenue for the quarter was up 30.8% compared to the same quarter last year. Equities research analysts forecast that Sea Limited will post 0.81 EPS for the current fiscal year.

SEA Company 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.