Tree Line Advisors Hong Kong Ltd. Increases Stock Holdings in Sea Limited (NYSE:SE)

Tree Line Advisors Hong Kong Ltd. boosted its position in shares of Sea Limited (NYSE:SE - Free Report) by 13.9% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,230,000 shares of the Internet company based in Singapore's stock after purchasing an additional 150,000 shares during the quarter. SEA accounts for about 26.9% of Tree Line Advisors Hong Kong Ltd.'s investment portfolio, making the stock its biggest holding. Tree Line Advisors Hong Kong Ltd. owned about 0.21% of SEA worth $115,964,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Kaizen Investment Management Pte. Ltd. bought a new stake in shares of SEA in the third quarter worth $587,544,000. WCM Investment Management LLC raised 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 worth $1,971,303,000 after acquiring an additional 5,517,559 shares in the last quarter. Baillie Gifford & Co. raised its position in SEA by 15.5% during the third 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 acquiring an additional 5,295,590 shares in the last quarter. Eminence Capital LP raised its position in SEA by 45.2% during the second quarter. Eminence Capital LP now owns 4,522,441 shares of the Internet company based in Singapore's stock worth $322,993,000 after acquiring an additional 1,408,314 shares in the last quarter. Finally, Clearbridge Investments LLC bought a new stake in SEA during the second quarter worth $99,989,000. Institutional investors and hedge funds own 59.53% of the company's stock.

SEA Trading Down 0.1 %

SEA stock traded down $0.09 during mid-day trading on Tuesday, hitting $113.91. 2,389,176 shares of the stock were exchanged, compared to its average volume of 5,383,047. The company has a quick ratio of 1.60, a current ratio of 1.62 and a debt-to-equity ratio of 0.36. Sea Limited has a 12 month low of $34.35 and a 12 month high of $117.85. The firm's fifty day simple moving average is $98.08 and its two-hundred day simple moving average is $81.55. The stock has a market capitalization of $65.20 billion, a price-to-earnings ratio of 750.07 and a beta of 1.52.

SEA (NYSE:SE - Get Free Report) last released 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 return on equity of 1.40% and a net margin of 0.64%. The firm's revenue for the quarter was up 30.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted ($0.26) EPS. Analysts forecast that Sea Limited will post 0.81 EPS for the current year.

Analysts Set New Price Targets

Several research firms have issued reports on SE. JPMorgan Chase & Co. raised shares of SEA from a "neutral" rating to an "overweight" rating and upped their price target for the stock from $66.00 to $90.00 in a research report on Wednesday, August 14th. Benchmark increased their price objective on shares of SEA from $94.00 to $130.00 and gave the company a "buy" rating in a research report on Wednesday, November 13th. TD Cowen increased their price objective on shares of SEA from $69.00 to $100.00 and gave the company a "hold" rating in a research report on Wednesday, November 13th. Dbs Bank raised shares of SEA from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, November 13th. Finally, Phillip Securities reissued a "reduce" rating and issued a $100.00 price objective (up from $80.00) on shares of SEA in a research report on Tuesday, November 19th. One research 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 MarketBeat, SEA has a consensus rating of "Moderate Buy" and an average price target of $91.21.

About SEA

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.