Mediolanum International Funds Ltd Sells 24,939 Shares of Sea Limited (NYSE:SE)

Mediolanum International Funds Ltd trimmed its stake in shares of Sea Limited (NYSE:SE) by 18.0% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 113,767 shares of the Internet company based in Singapore’s stock after selling 24,939 shares during the quarter. Mediolanum International Funds Ltd’s holdings in SEA were worth $10,712,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. SOA Wealth Advisors LLC. purchased a new position in SEA during the second quarter worth about $32,000. Hexagon Capital Partners LLC raised its position in SEA by 63.1% during the 2nd quarter. Hexagon Capital Partners LLC now owns 654 shares of the Internet company based in Singapore’s stock valued at $47,000 after purchasing an additional 253 shares during the last quarter. Canton Hathaway LLC lifted its stake in shares of SEA by 20.0% in the 2nd quarter. Canton Hathaway LLC now owns 1,200 shares of the Internet company based in Singapore’s stock valued at $86,000 after purchasing an additional 200 shares during the period. GAMMA Investing LLC lifted its stake in shares of SEA by 69.5% in the 3rd quarter. GAMMA Investing LLC now owns 1,268 shares of the Internet company based in Singapore’s stock valued at $120,000 after purchasing an additional 520 shares during the period. Finally, Point72 DIFC Ltd purchased a new position in shares of SEA in the 2nd quarter valued at approximately $100,000. 59.53% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the company. Wedbush restated 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. Barclays raised their price objective on SEA from $87.00 to $94.00 and gave the company an “overweight” rating in a research report on Thursday, August 15th. Dbs Bank reissued a “hold” rating and issued a $75.00 target price on shares of SEA in a report on Friday, June 28th. JPMorgan Chase & Co. raised SEA from a “neutral” rating to an “overweight” rating and lifted their target price for the stock from $66.00 to $90.00 in a report on Wednesday, August 14th. Finally, Benchmark lifted their target price on 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 issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $80.92.

SEA Stock Performance

Shares of SE opened at $99.09 on Friday. 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 Limited has a one year low of $34.35 and a one year high of $101.93. The firm has a market capitalization of $56.71 billion, a P/E ratio of 1,981.80 and a beta of 1.52. The business has a fifty day moving average of $88.56 and a 200 day moving average of $75.16.

SEA (NYSE:SE) last released its earnings results 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). The company had revenue of $3.81 billion for the quarter, compared to analysts’ expectations of $3.73 billion. SEA had a negative net margin of 1.36% and a negative return on equity of 2.92%. SEA’s revenue for the quarter was up 23.0% on a year-over-year basis. During the same quarter last year, the firm posted $0.54 earnings per share. As a group, sell-side analysts anticipate that Sea Limited will post 0.64 EPS for the current year.

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.