Sea Limited (NYSE:SE) Shares Sold by QRG Capital Management Inc.

QRG Capital Management Inc. decreased its stake in Sea Limited (NYSE:SE) by 4.9% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 35,902 shares of the Internet company based in Singapore’s stock after selling 1,866 shares during the quarter. QRG Capital Management Inc.’s holdings in SEA were worth $3,385,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of SE. Commonwealth Equity Services LLC increased its position in shares of SEA by 6.4% during the first quarter. Commonwealth Equity Services LLC now owns 9,997 shares of the Internet company based in Singapore’s stock worth $537,000 after purchasing an additional 597 shares in the last quarter. Daiwa Securities Group Inc. boosted its stake in SEA by 11.9% during the 1st quarter. Daiwa Securities Group Inc. now owns 25,847 shares of the Internet company based in Singapore’s stock worth $1,388,000 after purchasing an additional 2,747 shares during the last quarter. Duality Advisers LP purchased a new stake in shares of SEA during the first quarter worth $845,000. SG Americas Securities LLC raised its position in shares of SEA by 74.8% in the first quarter. SG Americas Securities LLC now owns 511,229 shares of the Internet company based in Singapore’s stock valued at $27,458,000 after buying an additional 218,764 shares during the last quarter. Finally, Oppenheimer Asset Management Inc. lifted its stake in shares of SEA by 2.9% in the first quarter. Oppenheimer Asset Management Inc. now owns 50,164 shares of the Internet company based in Singapore’s stock worth $2,694,000 after buying an additional 1,405 shares in the last quarter. Hedge funds and other institutional investors own 59.53% of the company’s stock.

SEA Trading Down 0.4 %

Shares of SE stock opened at $95.36 on Thursday. Sea Limited has a 1-year low of $34.35 and a 1-year high of $101.93. The firm has a market cap of $54.58 billion, a PE ratio of -272.46 and a beta of 1.52. The company has a 50-day moving average of $90.73 and a two-hundred day moving average of $77.56. 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 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). SEA had a negative net margin of 1.36% and a negative return on equity of 2.92%. The company had revenue of $3.81 billion during the quarter, compared to analyst estimates of $3.73 billion. During the same quarter last year, the business posted $0.54 EPS. The firm’s revenue for the quarter was up 23.0% on a year-over-year basis. On average, analysts predict that Sea Limited will post 0.64 EPS for the current year.

Analysts Set New Price Targets

SE has been the subject of a number of recent research reports. Wedbush reiterated an “outperform” rating and issued a $105.00 price objective (up previously from $84.00) on shares of SEA in a report on Monday. JPMorgan Chase & Co. upgraded SEA from a “neutral” rating to an “overweight” rating and lifted their price objective for the stock from $66.00 to $90.00 in a research report on Wednesday, August 14th. Barclays upped their target price on SEA from $87.00 to $94.00 and gave the company an “overweight” rating in a report on Thursday, August 15th. TD Cowen lifted their price target on SEA from $64.00 to $69.00 and gave the stock a “hold” rating in a report on Wednesday, August 14th. Finally, Benchmark upped their price objective on shares of SEA from $87.00 to $94.00 and gave the company a “buy” rating in a report on Wednesday, August 14th. Three investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $82.54.

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.