Sea Limited (NYSE:SE) Stock Holdings Decreased by Penserra Capital Management LLC

Penserra Capital Management LLC reduced its position in Sea Limited (NYSE:SE) by 7.6% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 276,974 shares of the Internet company based in Singapore’s stock after selling 22,623 shares during the quarter. Penserra Capital Management LLC’s holdings in SEA were worth $26,112,000 at the end of the most recent quarter.

Several other institutional investors have also made changes to their positions in the company. Rosenberg Matthew Hamilton lifted its stake 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 valued at $28,000 after acquiring an additional 203 shares during the last quarter. SOA Wealth Advisors LLC. acquired a new stake in shares of SEA in the second quarter worth $32,000. Icon Wealth Advisors LLC acquired a new stake in shares of SEA in the third quarter worth $47,000. Hexagon Capital Partners LLC lifted 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 buying an additional 253 shares during the last quarter. Finally, First Horizon Advisors Inc. lifted its stake in shares of SEA by 248.3% in the third quarter. First Horizon Advisors Inc. now owns 700 shares of the Internet company based in Singapore’s stock worth $66,000 after buying an additional 499 shares during the last quarter. 59.53% of the stock is owned by hedge funds and other institutional investors.

SEA Stock Down 2.8 %

SE opened at $113.04 on Friday. The firm’s 50-day simple moving average is $97.40 and its 200-day simple moving average is $81.00. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.60 and a current ratio of 1.62. Sea Limited has a twelve month low of $34.35 and a twelve month high of $117.85. The firm has a market cap of $64.70 billion, a price-to-earnings ratio of 753.60 and a beta of 1.52.

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

Analysts Set New Price Targets

A number of brokerages have recently weighed in on SE. Phillip Securities restated a “reduce” rating and issued a $100.00 price objective (up from $80.00) on shares of SEA in a research note on Tuesday, November 19th. Dbs Bank upgraded shares of SEA from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, November 13th. JPMorgan Chase & Co. upgraded shares of SEA from a “neutral” rating to an “overweight” rating and boosted their price objective for the stock from $66.00 to $90.00 in a research note on Wednesday, August 14th. TD Cowen upped their target price on shares of SEA from $69.00 to $100.00 and gave the company a “hold” rating in a research note on Wednesday, November 13th. Finally, Barclays upped their target price on shares of SEA from $94.00 to $131.00 and gave the company an “overweight” rating in a research note on Thursday, November 14th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, SEA currently has an average rating of “Moderate Buy” and a consensus target price of $91.21.

SEA 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.