Sea Limited (NYSE:SE) Shares Acquired by Untitled Investments LP

Untitled Investments LP raised its holdings in shares of Sea Limited (NYSE:SE) by 65.6% in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 471,223 shares of the Internet company based in Singapore’s stock after buying an additional 186,730 shares during the period. SEA comprises approximately 4.8% of Untitled Investments LP’s investment portfolio, making the stock its 8th biggest position. Untitled Investments LP owned approximately 0.08% of SEA worth $25,309,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the business. UMB Bank n.a. raised its holdings in SEA by 70.9% during the 4th quarter. UMB Bank n.a. now owns 788 shares of the Internet company based in Singapore’s stock worth $32,000 after buying an additional 327 shares during the period. GAMMA Investing LLC lifted its position in shares of SEA by 121.3% in the 1st quarter. GAMMA Investing LLC now owns 613 shares of the Internet company based in Singapore’s stock valued at $33,000 after acquiring an additional 336 shares in the last quarter. Blue Trust Inc. lifted its position in shares of SEA by 152.4% in the 4th quarter. Blue Trust Inc. now owns 843 shares of the Internet company based in Singapore’s stock valued at $36,000 after acquiring an additional 509 shares in the last quarter. EverSource Wealth Advisors LLC boosted its stake in SEA by 38.6% in the 4th quarter. EverSource Wealth Advisors LLC now owns 1,414 shares of the Internet company based in Singapore’s stock worth $57,000 after purchasing an additional 394 shares during the period. Finally, Lindbrook Capital LLC grew its position in SEA by 78.8% during the 1st quarter. Lindbrook Capital LLC now owns 1,198 shares of the Internet company based in Singapore’s stock worth $64,000 after purchasing an additional 528 shares in the last quarter. Institutional investors and hedge funds own 59.53% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently commented on the company. Benchmark raised their target price on SEA from $78.00 to $87.00 and gave the stock a “buy” rating in a research report on Wednesday, May 15th. Loop Capital lifted their target price on SEA from $92.00 to $94.00 and gave the company a “buy” rating in a research note on Monday, June 10th. Citigroup dropped their target price on SEA from $81.00 to $80.00 and set a “buy” rating on the stock in a report on Tuesday, July 23rd. Dbs Bank reaffirmed a “hold” rating and set a $75.00 price objective on shares of SEA in a research report on Friday, June 28th. Finally, Barclays increased their target price on shares of SEA from $85.00 to $87.00 and gave the stock an “overweight” rating in a research report on Thursday, May 16th. Six equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $73.71.

SEA Stock Performance

SE traded down $1.65 on Thursday, hitting $64.05. The company had a trading volume of 2,675,493 shares, compared to its average volume of 5,868,765. The stock has a market cap of $36.66 billion, a price-to-earnings ratio of 1,281.00 and a beta of 1.51. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.46 and a quick ratio of 1.44. The company’s fifty day moving average price is $71.22 and its 200 day moving average price is $59.51. Sea Limited has a 1-year low of $34.35 and a 1-year high of $76.60.

SEA (NYSE:SE) last issued its quarterly earnings data 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). The firm had revenue of $3.73 billion during the quarter, compared to analyst estimates of $3.64 billion. SEA had a return on equity of 0.80% and a net margin of 0.39%. SEA’s quarterly revenue was up 22.8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.15 earnings per share. Equities analysts predict that Sea Limited will post 0.62 earnings per share 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.