International Assets Investment Management LLC Invests $796,000 in Sea Limited (NYSE:SE)

International Assets Investment Management LLC bought a new stake in Sea Limited (NYSE:SE) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 19,643 shares of the Internet company based in Singapore’s stock, valued at approximately $796,000.

Several other hedge funds have also bought and sold shares of SE. Maryland State Retirement & Pension System lifted its position in shares of SEA by 2.2% in the third quarter. Maryland State Retirement & Pension System now owns 12,427 shares of the Internet company based in Singapore’s stock valued at $546,000 after buying an additional 271 shares during the last quarter. Sunbelt Securities Inc. lifted its holdings in SEA by 91.4% during the 3rd quarter. Sunbelt Securities Inc. now owns 670 shares of the Internet company based in Singapore’s stock valued at $29,000 after purchasing an additional 320 shares during the last quarter. UMB Bank n.a. boosted its position in SEA by 70.9% during the fourth quarter. UMB Bank n.a. now owns 788 shares of the Internet company based in Singapore’s stock worth $32,000 after purchasing an additional 327 shares during the period. Meiji Yasuda Asset Management Co Ltd. increased its holdings in shares of SEA by 4.3% in the third quarter. Meiji Yasuda Asset Management Co Ltd. now owns 8,662 shares of the Internet company based in Singapore’s stock valued at $381,000 after purchasing an additional 360 shares during the last quarter. Finally, Cigna Investments Inc. New raised its position in shares of SEA by 6.0% in the fourth quarter. Cigna Investments Inc. New now owns 7,119 shares of the Internet company based in Singapore’s stock valued at $288,000 after purchasing an additional 401 shares during the period. 59.53% of the stock is currently owned by institutional investors and hedge funds.

SEA Trading Up 4.4 %

SE opened at $62.03 on Wednesday. The stock has a market capitalization of $35.03 billion, a price-to-earnings ratio of 258.46 and a beta of 1.50. The company has a quick ratio of 1.43, a current ratio of 1.44 and a debt-to-equity ratio of 0.46. Sea Limited has a twelve month low of $34.35 and a twelve month high of $88.39. The company has a 50-day simple moving average of $53.04 and a 200 day simple moving average of $44.65.

SEA (NYSE:SE) last issued its quarterly earnings results on Monday, March 4th. The Internet company based in Singapore reported ($0.19) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.06) by ($0.13). The firm had revenue of $3.62 billion for the quarter, compared to the consensus estimate of $3.57 billion. SEA had a return on equity of 2.54% and a net margin of 1.27%. The business’s revenue was up 5.7% on a year-over-year basis. During the same period last year, the company posted $0.72 EPS. Analysts predict that Sea Limited will post 1.01 EPS for the current fiscal year.

Analysts Set New Price Targets

Several brokerages recently commented on SE. HSBC lifted their target price on shares of SEA from $70.00 to $76.00 and gave the stock a “buy” rating in a report on Tuesday, March 5th. Morgan Stanley upgraded SEA from an “equal weight” rating to an “overweight” rating and increased their target price for the stock from $65.00 to $70.00 in a research note on Monday. Citigroup upgraded SEA from a “neutral” rating to a “buy” rating and boosted their price target for the company from $44.00 to $50.00 in a research note on Thursday, February 1st. Daiwa Capital Markets upgraded SEA from a “neutral” rating to a “buy” rating in a research report on Friday, February 2nd. Finally, Benchmark boosted their target price on shares of SEA from $65.00 to $78.00 and gave the company a “buy” rating in a research report on Tuesday, March 5th. Three equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $68.31.

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 eSports operations.