Sea Limited (NYSE:SE) Shares Sold by Daiwa Securities Group Inc.

Daiwa Securities Group Inc. reduced its stake in Sea Limited (NYSE:SE) by 4.0% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 33,647 shares of the Internet company based in Singapore’s stock after selling 1,400 shares during the period. Daiwa Securities Group Inc.’s holdings in SEA were worth $3,172,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Advisors Asset Management Inc. raised its position in SEA by 34.5% in the first quarter. Advisors Asset Management Inc. now owns 1,825 shares of the Internet company based in Singapore’s stock valued at $98,000 after purchasing an additional 468 shares during the period. California State Teachers Retirement System raised its holdings in SEA by 1.1% in the 1st quarter. California State Teachers Retirement System now owns 441,921 shares of the Internet company based in Singapore’s stock valued at $23,736,000 after buying an additional 4,945 shares during the period. iA Global Asset Management Inc. boosted its stake in SEA by 2.2% during the first quarter. iA Global Asset Management Inc. now owns 56,425 shares of the Internet company based in Singapore’s stock worth $3,031,000 after buying an additional 1,239 shares during the period. Swedbank AB purchased a new stake in shares of SEA in the 1st quarter valued at approximately $4,404,000. Finally, Cetera Advisors LLC acquired a new position in shares of SEA in the 1st quarter worth approximately $230,000. 59.53% of the stock is owned by institutional investors and hedge funds.

SEA Price Performance

SE stock opened at $115.71 on Thursday. The business has a 50 day moving average price of $98.75 and a 200 day moving average price of $81.90. The company has a quick ratio of 1.60, a current ratio of 1.62 and a debt-to-equity ratio of 0.36. The stock has a market cap of $66.23 billion, a price-to-earnings ratio of 759.40 and a beta of 1.52. Sea Limited has a fifty-two week low of $34.35 and a fifty-two week high of $117.85.

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

Analysts Set New Price Targets

Several analysts recently weighed in on SE shares. Dbs Bank upgraded shares of SEA from a “hold” rating to a “strong-buy” rating in a report on Wednesday, November 13th. Bank of America lifted their price objective on SEA from $84.00 to $96.00 and gave the company a “buy” rating in a research note on Monday, September 23rd. Benchmark increased their target price on SEA from $94.00 to $130.00 and gave the stock a “buy” rating in a research note on Wednesday, November 13th. Phillip Securities restated a “reduce” rating and set a $100.00 target price (up from $80.00) on shares of SEA in a report on Tuesday, November 19th. Finally, JPMorgan Chase & Co. raised shares of SEA from a “neutral” rating to an “overweight” rating and increased their price target for the stock from $66.00 to $90.00 in a research report on Wednesday, August 14th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $91.21.

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.