Dai ichi Life Insurance Company Ltd Has $6.90 Million Position in Sea Limited (NYSE:SE)

Dai ichi Life Insurance Company Ltd grew its holdings in Sea Limited (NYSE:SE) by 1,308.1% during the second quarter, Holdings Channel.com reports. The firm owned 96,612 shares of the Internet company based in Singapore’s stock after acquiring an additional 89,751 shares during the period. Dai ichi Life Insurance Company Ltd’s holdings in SEA were worth $6,900,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Syon Capital LLC acquired a new position in shares of SEA during the fourth quarter valued at $357,000. Hexagon Capital Partners LLC lifted its stake in shares of SEA by 63.1% during the second quarter. Hexagon Capital Partners LLC now owns 654 shares of the Internet company based in Singapore’s stock valued at $47,000 after acquiring an additional 253 shares during the period. Wasatch Advisors LP lifted its stake in shares of SEA by 3.2% during the first quarter. Wasatch Advisors LP now owns 1,544,492 shares of the Internet company based in Singapore’s stock valued at $82,955,000 after acquiring an additional 48,273 shares during the period. Swedbank AB acquired a new position in shares of SEA during the first quarter valued at $4,404,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. lifted its stake in shares of SEA by 18.4% during the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 202,229 shares of the Internet company based in Singapore’s stock valued at $10,862,000 after acquiring an additional 31,470 shares during the period. Institutional investors and hedge funds own 59.53% of the company’s stock.

SEA Stock Up 2.6 %

Shares of SEA stock opened at $81.18 on Friday. Sea Limited has a 1 year low of $34.35 and a 1 year high of $83.69. The business has a 50-day moving average of $73.01 and a two-hundred day moving average of $67.10. The company has a market capitalization of $46.46 billion, a P/E ratio of 1,623.60 and a beta of 1.51. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.49 and a quick ratio of 1.48.

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 (EPS) for the quarter, missing analysts’ consensus estimates of $0.59 by ($0.45). The firm had revenue of $3.81 billion for the quarter, compared to the consensus estimate of $3.73 billion. SEA had a negative return on equity of 2.92% and a negative net margin of 1.36%. The firm’s quarterly revenue was up 23.0% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.54 earnings per share. As a group, equities analysts predict that Sea Limited will post 0.64 EPS for the current year.

Analyst Upgrades and Downgrades

SE has been the topic of several research reports. JPMorgan Chase & Co. raised SEA from a “neutral” rating to an “overweight” rating and upped their price target for the company from $66.00 to $90.00 in a research note on Wednesday, August 14th. Bank of America increased their target price on SEA from $77.00 to $84.00 and gave the company a “buy” rating in a research note on Wednesday, August 14th. Dbs Bank reissued a “hold” rating and issued a $75.00 target price on shares of SEA in a research note on Friday, June 28th. Wedbush reissued an “outperform” rating and issued a $84.00 target price (up previously from $76.00) on shares of SEA in a research note on Tuesday, August 13th. Finally, Loop Capital increased their target price on SEA from $92.00 to $94.00 and gave the company a “buy” rating in a research note on Monday, June 10th. Three investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to MarketBeat.com, SEA has an average rating of “Moderate Buy” and an average target price of $80.00.

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.