Assetmark Inc. Raises Holdings in Sea Limited (NYSE:SE)

Assetmark Inc. lifted its position in Sea Limited (NYSE:SE) by 24.7% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,427 shares of the Internet company based in Singapore’s stock after purchasing an additional 283 shares during the quarter. Assetmark Inc.’s holdings in SEA were worth $135,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in SE. Duquesne Family Office LLC bought a new position in SEA during the second quarter valued at $4,778,000. Robeco Institutional Asset Management B.V. raised its position in shares of SEA by 1.8% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 404,096 shares of the Internet company based in Singapore’s stock valued at $38,098,000 after buying an additional 7,175 shares in the last quarter. Toronto Dominion Bank lifted its holdings in shares of SEA by 28.2% in the 2nd quarter. Toronto Dominion Bank now owns 892,969 shares of the Internet company based in Singapore’s stock valued at $63,776,000 after acquiring an additional 196,506 shares during the last quarter. Kaizen Investment Management Pte. Ltd. bought a new position in shares of SEA in the 3rd quarter valued at about $587,544,000. Finally, TB Alternative Assets Ltd. grew its position in SEA by 579.1% in the third quarter. TB Alternative Assets Ltd. now owns 105,943 shares of the Internet company based in Singapore’s stock worth $9,988,000 after acquiring an additional 90,343 shares in the last quarter. 59.53% of the stock is currently owned by hedge funds and other institutional investors.

SEA Stock Performance

Shares of NYSE:SE opened at $102.94 on Monday. The firm’s 50 day simple moving average is $93.93 and its 200-day simple moving average is $79.54. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.48 and a current ratio of 1.62. Sea Limited has a one year low of $34.35 and a one year high of $117.52. The firm has a market cap of $58.92 billion, a PE ratio of 686.27 and a beta of 1.52.

SEA (NYSE:SE) last released its quarterly earnings data 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 return on equity of 1.40% and a net margin of 0.64%. The firm had revenue of $4.33 billion for the quarter, compared to analysts’ expectations of $4.09 billion. During the same quarter in the previous year, the business earned ($0.26) earnings per share. The company’s revenue for the quarter was up 30.8% compared to the same quarter last year. As a group, equities analysts predict that Sea Limited will post 0.8 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on SE shares. JPMorgan Chase & Co. upgraded SEA from a “neutral” rating to an “overweight” rating and upped their price objective for the company from $66.00 to $90.00 in a research report on Wednesday, August 14th. TD Cowen increased their price target on SEA from $69.00 to $100.00 and gave the company a “hold” rating in a report on Wednesday, November 13th. Benchmark raised their price target on SEA from $94.00 to $130.00 and gave the stock 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 company an “overweight” rating in a research report on Thursday. Finally, Citigroup lowered their target price on shares of SEA from $81.00 to $80.00 and set a “buy” rating for the company in a report on Tuesday, July 23rd. Two analysts have rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $90.54.

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.