Highland Capital Management LLC Makes New Investment in Sea Limited (NYSE:SE)

Highland Capital Management LLC bought a new position in shares of Sea Limited (NYSE:SE) during the first quarter, according to the company in its most recent disclosure with the SEC. The firm bought 4,865 shares of the Internet company based in Singapore’s stock, valued at approximately $261,000.

A number of other large investors also recently bought and sold shares of the company. Baillie Gifford & Co. raised its position in shares of SEA by 30.8% during the 4th quarter. Baillie Gifford & Co. now owns 34,183,394 shares of the Internet company based in Singapore’s stock worth $1,384,427,000 after purchasing an additional 8,045,977 shares during the period. Norges Bank acquired a new stake in shares of SEA during the 4th quarter worth approximately $640,219,000. Kora Management LP raised its position in shares of SEA by 0.7% during the 4th quarter. Kora Management LP now owns 4,237,500 shares of the Internet company based in Singapore’s stock worth $171,619,000 after purchasing an additional 28,000 shares during the period. Artisan Partners Limited Partnership raised its position in shares of SEA by 11.3% during the 4th quarter. Artisan Partners Limited Partnership now owns 4,131,880 shares of the Internet company based in Singapore’s stock worth $167,341,000 after purchasing an additional 420,802 shares during the period. Finally, Assenagon Asset Management S.A. raised its position in shares of SEA by 38.1% during the 1st quarter. Assenagon Asset Management S.A. now owns 3,667,085 shares of the Internet company based in Singapore’s stock worth $196,959,000 after purchasing an additional 1,011,417 shares during the period. Institutional investors own 59.53% of the company’s stock.

SEA Stock Down 0.1 %

NYSE SE traded down $0.07 on Friday, reaching $73.83. The stock had a trading volume of 2,650,154 shares, compared to its average volume of 4,626,026. The business has a 50 day moving average price of $71.58 and a 200 day moving average price of $56.90. The company has a current ratio of 1.46, a quick ratio of 1.44 and a debt-to-equity ratio of 0.43. Sea Limited has a 1 year low of $34.35 and a 1 year high of $76.60. The company has a market capitalization of $42.26 billion, a price-to-earnings ratio of 1,476.60 and a beta of 1.51.

SEA (NYSE:SE) last announced its quarterly earnings results on Tuesday, May 14th. The Internet company based in Singapore reported ($0.04) earnings per share for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.40). SEA had a return on equity of 0.80% and a net margin of 0.39%. The company had revenue of $3.73 billion during the quarter, compared to analyst estimates of $3.64 billion. During the same period in the prior year, the firm earned $0.15 EPS. SEA’s quarterly revenue was up 22.8% on a year-over-year basis. On average, analysts forecast that Sea Limited will post 0.66 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts recently commented on SE shares. Deutsche Bank Aktiengesellschaft restated a “hold” rating and issued a $60.00 target price on shares of SEA in a research report on Wednesday, May 15th. JPMorgan Chase & Co. restated a “neutral” rating and issued a $78.00 target price (down from $84.00) on shares of SEA in a research report on Tuesday, June 25th. Benchmark raised their target price on SEA from $78.00 to $87.00 and gave the company a “buy” rating in a research report on Wednesday, May 15th. Dbs Bank reiterated a “hold” rating and set a $75.00 price target on shares of SEA in a research report on Friday, June 28th. Finally, Barclays lifted their price target on SEA from $85.00 to $87.00 and gave the company an “overweight” rating in a research report on Thursday, May 16th. Six analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $72.40.

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.