Think Investments LP Purchases New Shares in Sea Ltd (NYSE:SE)

Think Investments LP purchased a new stake in Sea Ltd (NYSE:SE) during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 574,500 shares of the Internet company based in Singapore’s stock, valued at approximately $19,085,000. SEA makes up 6.4% of Think Investments LP’s portfolio, making the stock its 8th largest holding.

A number of other large investors also recently added to or reduced their stakes in SE. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. bought a new stake in SEA in the second quarter valued at $44,000. Glen Harbor Capital Management LLC bought a new stake in shares of SEA during the 2nd quarter valued at $68,000. Tyers Asset Management LLC bought a new stake in shares of SEA during the 2nd quarter valued at $94,000. Deutsche Bank AG bought a new stake in shares of SEA during the 4th quarter valued at $103,000. Finally, Riverhead Capital Management LLC bought a new stake in shares of SEA during the 2nd quarter valued at $106,000. Institutional investors and hedge funds own 64.40% of the company’s stock.

A number of brokerages have recently commented on SE. Credit Suisse Group set a $44.00 target price on shares of SEA and gave the company a “buy” rating in a report on Wednesday, August 21st. Goldman Sachs Group upgraded shares of SEA from a “neutral” rating to a “buy” rating in a report on Tuesday, August 13th. Zacks Investment Research cut shares of SEA from a “buy” rating to a “hold” rating in a report on Wednesday, August 28th. Piper Jaffray Companies boosted their target price on shares of SEA from $43.00 to $49.00 and gave the company an “overweight” rating in a report on Tuesday, August 20th. Finally, Citigroup set a $38.00 target price on shares of SEA and gave the company a “buy” rating in a report on Wednesday, August 21st. One equities research analyst has rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of $41.67.



Shares of SE stock traded down $1.18 during mid-day trading on Tuesday, reaching $31.26. 2,676,905 shares of the company’s stock traded hands, compared to its average volume of 4,119,405. Sea Ltd has a 12 month low of $10.52 and a 12 month high of $38.00. The company has a market cap of $10.22 billion, a P/E ratio of -10.56 and a beta of 1.38. The company has a quick ratio of 1.87, a current ratio of 1.89 and a debt-to-equity ratio of 0.40. The company’s 50-day moving average price is $32.67 and its 200-day moving average price is $29.57.

SEA (NYSE:SE) last announced its earnings results on Tuesday, August 20th. The Internet company based in Singapore reported ($0.43) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.59) by $0.16. SEA had a negative net margin of 114.88% and a negative return on equity of 158.33%. The firm had revenue of $788.00 million for the quarter, compared to analysts’ expectations of $615.76 million. During the same quarter in the previous year, the business posted ($0.94) EPS. The company’s quarterly revenue was up 132.6% on a year-over-year basis. Equities analysts predict that Sea Ltd will post -3.33 earnings per share for the current year.

SEA Profile

Sea Limited engages in the digital entertainment, e-commerce, and digital financial service businesses in Taiwan, Thailand, Vietnam, Indonesia, and internationally. It provides Garena digital entertainment platform for users to access mobile and PC online games, and eSports operations; and access to other entertainment content, such as live streaming of online gameplay and social features.

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Institutional Ownership by Quarter for SEA (NYSE:SE)

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