Oppenheimer Asset Management Inc. Sells 7,070 Shares of Sea Limited (NYSE:SE)

Oppenheimer Asset Management Inc. reduced its stake in Sea Limited (NYSE:SE) by 8.8% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 73,305 shares of the Internet company based in Singapore’s stock after selling 7,070 shares during the period. Oppenheimer Asset Management Inc.’s holdings in SEA were worth $6,911,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. Duquesne Family Office LLC bought a new position in SEA in the 2nd quarter valued at about $4,778,000. WCM Investment Management LLC boosted its position in shares of SEA by 35.9% during the 3rd quarter. WCM Investment Management LLC now owns 20,902,378 shares of the Internet company based in Singapore’s stock worth $1,971,303,000 after acquiring an additional 5,517,559 shares in the last quarter. Robeco Institutional Asset Management B.V. increased its stake in SEA by 1.8% in the third quarter. Robeco Institutional Asset Management B.V. now owns 404,096 shares of the Internet company based in Singapore’s stock valued at $38,098,000 after acquiring an additional 7,175 shares during the last quarter. Toronto Dominion Bank raised its position in SEA by 28.2% during the second quarter. Toronto Dominion Bank now owns 892,969 shares of the Internet company based in Singapore’s stock valued at $63,776,000 after purchasing an additional 196,506 shares in the last quarter. Finally, Kaizen Investment Management Pte. Ltd. bought a new stake in SEA during the third quarter worth $587,544,000. Institutional investors and hedge funds own 59.53% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the company. Benchmark lifted their price target on SEA from $94.00 to $130.00 and gave the company a “buy” rating in a research note on Wednesday. Bank of America boosted their target price on SEA from $84.00 to $96.00 and gave the stock a “buy” rating in a research note on Monday, September 23rd. Citigroup reduced their price target on shares of SEA from $81.00 to $80.00 and set a “buy” rating on the stock in a research note on Tuesday, July 23rd. JPMorgan Chase & Co. upgraded shares of SEA from a “neutral” rating to an “overweight” rating and upped their price objective for the stock from $66.00 to $90.00 in a research report on Wednesday, August 14th. Finally, 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 note on Thursday. Three equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $90.54.

SEA Stock Down 1.6 %

Shares of NYSE:SE opened at $103.32 on Friday. The firm has a market cap of $59.13 billion, a P/E ratio of 688.80 and a beta of 1.52. Sea Limited has a 12-month low of $34.35 and a 12-month high of $117.52. The business has a fifty day simple moving average of $93.42 and a 200 day simple moving average of $79.05. The company has a quick ratio of 1.48, a current ratio of 1.62 and a debt-to-equity ratio of 0.36.

SEA (NYSE:SE) last issued its quarterly earnings data on Tuesday, November 12th. The Internet company based in Singapore reported $0.24 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.59 by ($0.35). SEA had a return on equity of 1.40% and a net margin of 0.64%. The company had revenue of $4.33 billion for the quarter, compared to the consensus estimate of $4.09 billion. During the same quarter last year, the business earned ($0.26) earnings per share. SEA’s revenue was up 30.8% compared to the same quarter last year. Analysts predict that Sea Limited will post 0.8 earnings per share for the current 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.