GenTrust LLC Has $4.04 Million Stock Position in Sea Limited (NYSE:SE)

GenTrust LLC cut its position in Sea Limited (NYSE:SE) by 11.7% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 42,842 shares of the Internet company based in Singapore’s stock after selling 5,664 shares during the period. GenTrust LLC’s holdings in SEA were worth $4,039,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in SE. Baillie Gifford & Co. increased its holdings in SEA by 15.5% during the 3rd quarter. Baillie Gifford & Co. now owns 39,564,018 shares of the Internet company based in Singapore’s stock valued at $3,730,096,000 after purchasing an additional 5,295,590 shares in the last quarter. WCM Investment Management LLC raised its holdings in shares of SEA by 35.9% in the third quarter. WCM Investment Management LLC now owns 20,902,378 shares of the Internet company based in Singapore’s stock valued at $1,971,303,000 after buying an additional 5,517,559 shares during the last quarter. Kaizen Investment Management Pte. Ltd. acquired a new position in SEA during the 3rd quarter worth about $587,544,000. Kora Management LP grew its holdings in SEA by 9.4% during the 1st quarter. Kora Management LP now owns 4,637,500 shares of the Internet company based in Singapore’s stock worth $249,080,000 after acquiring an additional 400,000 shares during the last quarter. Finally, Eminence Capital LP increased its position in SEA by 45.2% in the 2nd quarter. Eminence Capital LP now owns 4,522,441 shares of the Internet company based in Singapore’s stock valued at $322,993,000 after acquiring an additional 1,408,314 shares in the last quarter. 59.53% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the stock. Phillip Securities reiterated a “reduce” rating and set a $100.00 target price (up from $80.00) on shares of SEA in a research report on Tuesday. JPMorgan Chase & Co. upgraded 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. TD Cowen lifted their price objective on SEA from $69.00 to $100.00 and gave the stock a “hold” rating in a research report on Wednesday, November 13th. Bank of America raised their target price 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. Finally, Wedbush reaffirmed an “outperform” rating and issued a $105.00 price objective (up from $84.00) on shares of SEA in a research note on Monday, November 4th. One analyst has rated the stock with a sell rating, two have issued a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $91.21.

SEA Stock Down 2.8 %

SE stock opened at $113.04 on Friday. Sea Limited has a twelve month low of $34.35 and a twelve month high of $117.85. The company has a market cap of $64.70 billion, a price-to-earnings ratio of 753.60 and a beta of 1.52. The business has a 50 day moving average price of $96.76 and a two-hundred day moving average price of $80.68. The company has a quick ratio of 1.60, a current ratio of 1.62 and a debt-to-equity ratio of 0.36.

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 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 business had revenue of $4.33 billion for the quarter, compared to analyst estimates of $4.09 billion. During the same period in the previous year, the firm posted ($0.26) earnings per share. The firm’s revenue was up 30.8% compared to the same quarter last year. Analysts anticipate that Sea Limited will post 0.81 EPS for the current fiscal year.

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.