7,893 Shares in Sea Limited (NYSE:SE) Bought by Y Intercept Hong Kong Ltd

Y Intercept Hong Kong Ltd acquired a new stake in Sea Limited (NYSE:SE) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 7,893 shares of the Internet company based in Singapore’s stock, valued at approximately $744,000.

A number of other large investors have also modified their holdings of SE. Cetera Advisors LLC purchased a new position in shares of SEA during the 1st quarter valued at approximately $230,000. Sequoia Financial Advisors LLC acquired a new stake in shares of SEA in the second quarter valued at about $207,000. Envestnet Portfolio Solutions Inc. purchased a new stake in shares of SEA during the second quarter worth about $377,000. Swedbank AB raised its position in shares of SEA by 14.2% during the 2nd quarter. Swedbank AB now owns 93,660 shares of the Internet company based in Singapore’s stock worth $6,689,000 after purchasing an additional 11,660 shares during the last quarter. Finally, Blue Trust Inc. lifted its stake in SEA by 696.8% in the 2nd quarter. Blue Trust Inc. now owns 4,446 shares of the Internet company based in Singapore’s stock valued at $318,000 after buying an additional 3,888 shares in the last quarter. Institutional investors and hedge funds own 59.53% of the company’s stock.

SEA Price Performance

SE stock opened at $116.46 on Friday. Sea Limited has a 52-week low of $34.35 and a 52-week high of $119.47. The company has a quick ratio of 1.60, a current ratio of 1.62 and a debt-to-equity ratio of 0.36. The stock has a market cap of $66.65 billion, a price-to-earnings ratio of 776.40 and a beta of 1.53. The business has a fifty day moving average of $104.82 and a two-hundred day moving average of $85.77.

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 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 business posted ($0.26) earnings per share. The firm’s revenue for the quarter was up 30.8% compared to the same quarter last year. As a group, research analysts anticipate that Sea Limited will post 0.81 earnings per share for the current year.

Analyst Ratings Changes

Several research firms have commented on SE. Bank of America boosted their price objective on SEA from $84.00 to $96.00 and gave the stock a “buy” rating in a research note on Monday, September 23rd. Barclays boosted their price target on SEA from $94.00 to $131.00 and gave the stock an “overweight” rating in a research report on Thursday, November 14th. Phillip Securities reissued a “reduce” rating and issued a $100.00 price objective (up from $80.00) on shares of SEA in a research note on Tuesday, November 19th. Dbs Bank raised shares of SEA from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, November 13th. Finally, Benchmark increased their target price on shares of SEA from $94.00 to $130.00 and gave the company a “buy” rating in a research report on Wednesday, November 13th. One analyst has rated the stock with a sell rating, two have given a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $91.21.

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.