Numerai GP LLC Buys 1,386 Shares of Sea Limited (NYSE:SE)

Numerai GP LLC increased its stake in Sea Limited (NYSE:SE) by 5.6% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 26,315 shares of the Internet company based in Singapore’s stock after buying an additional 1,386 shares during the period. SEA accounts for about 0.8% of Numerai GP LLC’s holdings, making the stock its 17th largest holding. Numerai GP LLC’s holdings in SEA were worth $2,792,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in SE. Private Trust Co. NA raised its position in shares of SEA by 474.4% in the 4th quarter. Private Trust Co. NA now owns 247 shares of the Internet company based in Singapore’s stock worth $26,000 after purchasing an additional 204 shares during the last quarter. Kestra Investment Management LLC bought a new stake in SEA during the 4th quarter valued at about $34,000. Farther Finance Advisors LLC raised its holdings in SEA by 43.8% in the fourth quarter. Farther Finance Advisors LLC now owns 368 shares of the Internet company based in Singapore’s stock worth $39,000 after buying an additional 112 shares during the last quarter. Banque Transatlantique SA purchased a new position in SEA in the fourth quarter worth about $39,000. Finally, Huntington National Bank grew its holdings in shares of SEA by 783.6% during the fourth quarter. Huntington National Bank now owns 486 shares of the Internet company based in Singapore’s stock valued at $52,000 after buying an additional 431 shares during the last quarter. Institutional investors own 59.53% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the stock. Wedbush restated an “outperform” rating and issued a $135.00 price objective on shares of SEA in a report on Tuesday, April 15th. Benchmark boosted their price target on SEA from $130.00 to $150.00 and gave the stock a “buy” rating in a research note on Wednesday, March 5th. Phillip Securities upgraded SEA from a “moderate sell” rating to a “hold” rating in a report on Friday, March 7th. Loop Capital boosted their target price on SEA from $135.00 to $165.00 and gave the stock a “buy” rating in a research report on Monday, March 31st. Finally, Bank of America lowered shares of SEA from a “buy” rating to a “neutral” rating and set a $160.00 price target for the company. in a research note on Friday, May 9th. Four equities research analysts have rated the stock with a hold rating, nine have given a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $133.93.

SEA Trading Up 8.2%

NYSE:SE opened at $154.16 on Wednesday. Sea Limited has a one year low of $55.00 and a one year high of $156.98. The business has a fifty day moving average price of $127.39 and a 200-day moving average price of $119.29. The firm has a market capitalization of $90.82 billion, a price-to-earnings ratio of 1,027.73 and a beta of 1.70. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.62 and a quick ratio of 1.60.

SEA (NYSE:SE) last released its quarterly earnings results on Tuesday, May 13th. The Internet company based in Singapore reported $0.65 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.93 by ($0.28). The company had revenue of $4.84 billion for the quarter, compared to the consensus estimate of $4.90 billion. SEA had a net margin of 0.64% and a return on equity of 1.40%. Sell-side analysts forecast that Sea Limited will post 0.74 EPS for the current year.

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.