Marcho Partners LLP trimmed its stake in shares of Sea Limited (NYSE:SE – Free Report) by 97.3% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 491,544 shares of the Internet company based in Singapore’s stock after selling 17,870,468 shares during the quarter. SEA makes up 6.7% of Marcho Partners LLP’s holdings, making the stock its 9th biggest holding. Marcho Partners LLP owned about 0.09% of SEA worth $21,603,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors have also added to or reduced their stakes in SE. Arisaig Partners Asia Pte Ltd. lifted its stake in shares of SEA by 13.2% in the 1st quarter. Arisaig Partners Asia Pte Ltd. now owns 1,545,971 shares of the Internet company based in Singapore’s stock valued at $190,835,000 after purchasing an additional 179,821 shares during the period. Private Advisor Group LLC acquired a new position in SEA in the first quarter valued at approximately $240,000. MetLife Investment Management LLC boosted its holdings in shares of SEA by 133.9% during the 1st quarter. MetLife Investment Management LLC now owns 26,200 shares of the Internet company based in Singapore’s stock worth $3,138,000 after buying an additional 15,000 shares in the last quarter. APG Asset Management N.V. grew its position in shares of SEA by 120.2% during the 1st quarter. APG Asset Management N.V. now owns 14,220 shares of the Internet company based in Singapore’s stock worth $1,531,000 after buying an additional 7,763 shares during the period. Finally, Yousif Capital Management LLC increased its stake in shares of SEA by 56.3% in the 1st quarter. Yousif Capital Management LLC now owns 15,740 shares of the Internet company based in Singapore’s stock valued at $1,885,000 after acquiring an additional 5,670 shares in the last quarter. 72.05% of the stock is currently owned by institutional investors.
Analysts Set New Price Targets
Several research analysts recently issued reports on the stock. Morgan Stanley lowered shares of SEA from an “overweight” rating to an “equal weight” rating in a research note on Monday, December 4th. Daiwa Capital Markets upgraded SEA from a “neutral” rating to a “buy” rating in a research note on Friday, February 2nd. Benchmark decreased their target price on SEA from $95.00 to $65.00 and set a “buy” rating for the company in a research report on Wednesday, November 15th. Finally, Citigroup upgraded SEA from a “neutral” rating to a “buy” rating and increased their price target for the stock from $44.00 to $50.00 in a report on Thursday, February 1st. Seven investment analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $68.29.
SEA Stock Up 1.1 %
SE traded up $0.46 during mid-day trading on Wednesday, reaching $42.45. 2,184,118 shares of the stock were exchanged, compared to its average volume of 6,036,369. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.69 and a current ratio of 1.70. The stock has a market capitalization of $23.97 billion, a PE ratio of 36.63 and a beta of 1.51. Sea Limited has a 1 year low of $34.35 and a 1 year high of $88.84. The company has a 50 day moving average price of $38.87 and a two-hundred day moving average price of $41.36.
SEA (NYSE:SE – Get Free Report) last announced its earnings results on Tuesday, November 14th. The Internet company based in Singapore reported ($0.26) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.12 by ($0.38). The business had revenue of $3.31 billion for the quarter, compared to analysts’ expectations of $3.17 billion. SEA had a net margin of 5.44% and a return on equity of 11.14%. The company’s revenue for the quarter was up 4.9% compared to the same quarter last year. During the same period in the prior year, the business earned ($1.02) earnings per share. As a group, research analysts anticipate that Sea Limited will post 0.28 EPS for the current 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 eSports operations.