Marcho Partners LLP Makes New Investment in Sea Limited (NYSE:SE)

Marcho Partners LLP bought a new position in Sea Limited (NYSE:SE) in the 3rd quarter, Holdings Channel.com reports. The institutional investor bought 55,678 shares of the Internet company based in Singapore’s stock, valued at approximately $5,249,000. SEA comprises approximately 1.4% of Marcho Partners LLP’s portfolio, making the stock its 10th biggest holding.

Other hedge funds also recently made changes to their positions in the company. Rosenberg Matthew Hamilton grew its holdings in SEA by 213.7% in the third quarter. Rosenberg Matthew Hamilton now owns 298 shares of the Internet company based in Singapore’s stock worth $28,000 after purchasing an additional 203 shares during the period. SOA Wealth Advisors LLC. purchased a new stake in shares of SEA in the 2nd quarter worth approximately $32,000. Truvestments Capital LLC bought a new stake in SEA in the third quarter worth $41,000. Hexagon Capital Partners LLC grew its stake in shares of SEA by 63.1% in the second quarter. Hexagon Capital Partners LLC now owns 654 shares of the Internet company based in Singapore’s stock worth $47,000 after acquiring an additional 253 shares during the last quarter. Finally, Icon Wealth Advisors LLC purchased a new stake in shares of SEA in the third quarter worth $47,000. 59.53% of the stock is currently owned by institutional investors.

SEA Stock Performance

NYSE:SE opened at $115.48 on Wednesday. The stock has a 50-day moving average price of $101.50 and a 200 day moving average price of $83.51. The company has a current ratio of 1.62, a quick ratio of 1.60 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 stock has a market capitalization of $66.09 billion, a P/E ratio of 769.87 and a beta of 1.53.

SEA (NYSE:SE) last released its earnings results on Tuesday, November 12th. The Internet company based in Singapore reported $0.24 EPS for the quarter, missing the consensus estimate of $0.59 by ($0.35). The company had revenue of $4.33 billion during the quarter, compared to analysts’ expectations of $4.09 billion. SEA had a return on equity of 1.40% and a net margin of 0.64%. SEA’s quarterly revenue was up 30.8% compared to the same quarter last year. During the same period last year, the firm posted ($0.26) EPS. Equities research analysts forecast that Sea Limited will post 0.81 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on SE. Barclays increased their price objective on shares of SEA from $94.00 to $131.00 and gave the company an “overweight” rating in a research report on Thursday, November 14th. Wedbush restated an “outperform” rating and issued a $105.00 price target (up previously from $84.00) on shares of SEA in a research note on Monday, November 4th. Bank of America increased their price objective on SEA from $84.00 to $96.00 and gave the company a “buy” rating in a research report on Monday, September 23rd. JPMorgan Chase & Co. raised SEA from a “neutral” rating to an “overweight” rating and boosted their target price for the stock from $66.00 to $90.00 in a research report on Wednesday, August 14th. Finally, Dbs Bank raised shares of SEA from a “hold” rating to a “strong-buy” rating in a report on Wednesday, November 13th. One analyst has rated the stock with a sell rating, two have given a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $91.21.

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.