OVERSEA CHINESE BANKING Corp Ltd Has $117.94 Million Stock Position in Sea Limited (NYSE:SE)

OVERSEA CHINESE BANKING Corp Ltd reduced its holdings in Sea Limited (NYSE:SE) by 6.7% during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,251,168 shares of the Internet company based in Singapore’s stock after selling 89,172 shares during the quarter. SEA accounts for about 3.3% of OVERSEA CHINESE BANKING Corp Ltd’s investment portfolio, making the stock its 6th largest position. OVERSEA CHINESE BANKING Corp Ltd owned 0.22% of SEA worth $117,943,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of SE. Sei Investments Co. grew its position in SEA by 6.6% in the first quarter. Sei Investments Co. now owns 765,623 shares of the Internet company based in Singapore’s stock worth $41,122,000 after acquiring an additional 47,150 shares in the last quarter. QRG Capital Management Inc. raised its holdings in shares of SEA by 63.9% during the 1st quarter. QRG Capital Management Inc. now owns 39,859 shares of the Internet company based in Singapore’s stock valued at $2,141,000 after buying an additional 15,547 shares in the last quarter. Avantax Advisory Services Inc. bought a new stake in SEA in the 1st quarter worth approximately $226,000. State Board of Administration of Florida Retirement System boosted its stake in SEA by 11.0% in the first quarter. State Board of Administration of Florida Retirement System now owns 21,624 shares of the Internet company based in Singapore’s stock worth $1,161,000 after buying an additional 2,150 shares in the last quarter. Finally, Fortis Capital Advisors LLC bought a new position in SEA during the first quarter valued at approximately $527,000. Hedge funds and other institutional investors own 59.53% of the company’s stock.

SEA Trading Up 4.2 %

Shares of SE opened at $97.46 on Tuesday. Sea Limited has a 1-year low of $34.35 and a 1-year high of $101.93. The company has a current ratio of 1.49, a quick ratio of 1.48 and a debt-to-equity ratio of 0.41. The firm’s 50-day moving average price is $91.78 and its 200-day moving average price is $78.38. The firm has a market capitalization of $55.78 billion, a price-to-earnings ratio of -278.46 and a beta of 1.52.

SEA (NYSE:SE) last posted its quarterly earnings data on Tuesday, August 13th. The Internet company based in Singapore reported $0.14 earnings per share for the quarter, missing the consensus estimate of $0.59 by ($0.45). SEA had a negative net margin of 1.36% and a negative return on equity of 2.92%. The firm had revenue of $3.81 billion for the quarter, compared to the consensus estimate of $3.73 billion. During the same period in the previous year, the firm posted $0.54 earnings per share. The business’s revenue was up 23.0% compared to the same quarter last year. Sell-side analysts anticipate that Sea Limited will post 0.77 EPS for the current year.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the stock. Bank of America upped their price objective on shares of SEA from $84.00 to $96.00 and gave the company a “buy” rating in a research note on Monday, September 23rd. JPMorgan Chase & Co. upgraded SEA from a “neutral” rating to an “overweight” rating and lifted their price objective for the stock from $66.00 to $90.00 in a report on Wednesday, August 14th. Barclays increased their target price on SEA from $87.00 to $94.00 and gave the company an “overweight” rating in a report on Thursday, August 15th. TD Cowen lifted their price target on SEA from $64.00 to $69.00 and gave the stock a “hold” rating in a research note on Wednesday, August 14th. Finally, Benchmark raised their target price on shares of SEA from $87.00 to $94.00 and gave the stock a “buy” rating in a report on Wednesday, August 14th. Three research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $82.54.

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.