Mediolanum International Funds Ltd Sells 18,608 Shares of Sea Limited (NYSE:SE)

Mediolanum International Funds Ltd lessened its holdings in shares of Sea Limited (NYSE:SE) by 16.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 95,159 shares of the Internet company based in Singapore’s stock after selling 18,608 shares during the quarter. Mediolanum International Funds Ltd’s holdings in SEA were worth $10,203,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Rosenberg Matthew Hamilton grew its stake in SEA by 213.7% in the 3rd quarter. Rosenberg Matthew Hamilton now owns 298 shares of the Internet company based in Singapore’s stock worth $28,000 after buying an additional 203 shares in the last quarter. Truvestments Capital LLC bought a new stake in shares of SEA during the 3rd quarter worth $41,000. Icon Wealth Advisors LLC purchased a new position in SEA in the third quarter worth $47,000. Geneos Wealth Management Inc. increased its stake in SEA by 4,663.6% in the fourth quarter. Geneos Wealth Management Inc. now owns 524 shares of the Internet company based in Singapore’s stock valued at $56,000 after acquiring an additional 513 shares during the last quarter. Finally, SOA Wealth Advisors LLC. raised its position in SEA by 33.3% during the third quarter. SOA Wealth Advisors LLC. now owns 600 shares of the Internet company based in Singapore’s stock valued at $57,000 after purchasing an additional 150 shares in the last quarter. Hedge funds and other institutional investors own 59.53% of the company’s stock.

SEA Trading Down 0.9 %

NYSE SE opened at $122.21 on Friday. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.60 and a current ratio of 1.62. Sea Limited has a fifty-two week low of $38.10 and a fifty-two week high of $126.12. The stock has a market cap of $69.94 billion, a P/E ratio of 814.72 and a beta of 1.54. The stock has a 50 day simple moving average of $113.16 and a two-hundred day simple moving average of $95.40.

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

Analysts Set New Price Targets

Several brokerages have recently commented on SE. Phillip Securities reiterated a “reduce” rating and set a $100.00 price objective (up from $80.00) on shares of SEA in a research report on Tuesday, November 19th. Benchmark increased their price target 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. Barclays boosted their price objective on shares of SEA from $94.00 to $131.00 and gave the stock an “overweight” rating in a report on Thursday, November 14th. Dbs Bank raised shares of SEA from a “hold” rating to a “strong-buy” rating in a report on Wednesday, November 13th. Finally, TD Cowen lifted their target price on shares of SEA from $69.00 to $100.00 and gave the stock a “hold” rating in a research report on Wednesday, November 13th. One analyst has rated the stock with a sell rating, two have issued a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, SEA currently has a consensus rating of “Moderate Buy” and an average target price of $91.21.

SEA Company Profile

Sea Ltd. is an internet and mobile platform company, which engages in the provision of online gaming services. It operates through the following segments: Digital Entertainment, E-Commerce, and Digital Financial Services. The Digital Entertainment segment offers and develops mobile and PC online games.