2,696 Shares in Sea Limited (NYSE:SE) Purchased by Metis Global Partners LLC

Metis Global Partners LLC bought a new stake in Sea Limited (NYSE:SE) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 2,696 shares of the Internet company based in Singapore’s stock, valued at approximately $254,000.

Several other hedge funds have also made changes to their positions in SE. Rosenberg Matthew Hamilton lifted its holdings in SEA by 213.7% in the third quarter. Rosenberg Matthew Hamilton now owns 298 shares of the Internet company based in Singapore’s stock valued at $28,000 after acquiring an additional 203 shares during the last quarter. SOA Wealth Advisors LLC. acquired a new stake in shares of SEA during the 2nd quarter worth about $32,000. Hexagon Capital Partners LLC raised its holdings in SEA by 63.1% in 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 buying an additional 253 shares during the period. Canton Hathaway LLC lifted its position in SEA by 20.0% in the second quarter. Canton Hathaway LLC now owns 1,200 shares of the Internet company based in Singapore’s stock valued at $86,000 after buying an additional 200 shares during the last quarter. Finally, GAMMA Investing LLC boosted its stake in SEA by 69.5% during the third quarter. GAMMA Investing LLC now owns 1,268 shares of the Internet company based in Singapore’s stock worth $120,000 after buying an additional 520 shares during the period. Hedge funds and other institutional investors own 59.53% of the company’s stock.

SEA Price Performance

Shares of SE opened at $113.68 on Wednesday. The firm has a market capitalization of $65.06 billion, a price-to-earnings ratio of 757.87 and a beta of 1.52. The firm’s fifty day simple moving average is $95.29 and its 200-day simple moving average is $80.19. The company has a current ratio of 1.62, a quick ratio of 1.60 and a debt-to-equity ratio of 0.36. Sea Limited has a twelve month low of $34.35 and a twelve month high of $117.52.

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 the consensus estimate of $0.59 by ($0.35). SEA had a net margin of 0.64% and a return on equity of 1.40%. The company had revenue of $4.33 billion during the quarter, compared to analysts’ expectations of $4.09 billion. During the same quarter in the prior year, the company earned ($0.26) earnings per share. The business’s revenue for the quarter was up 30.8% on a year-over-year basis. Equities analysts forecast that Sea Limited will post 0.8 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on SE shares. Dbs Bank raised shares of SEA from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, November 13th. Wedbush restated an “outperform” rating and set a $105.00 price target (up from $84.00) on shares of SEA in a research note on Monday, November 4th. JPMorgan Chase & Co. upgraded SEA from a “neutral” rating to an “overweight” rating and raised their price target for the stock from $66.00 to $90.00 in a research report on Wednesday, August 14th. TD Cowen boosted their price objective on SEA from $69.00 to $100.00 and gave the company a “hold” rating in a report on Wednesday, November 13th. Finally, Phillip Securities restated a “reduce” rating and set a $100.00 target price (up from $80.00) on shares of SEA in a report on Tuesday. One investment analyst has rated the stock with a sell rating, two have given a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $91.21.

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.