Sea Limited (NYSE:SE) Shares Sold by Elequin Capital LP

Elequin Capital LP lessened its stake in Sea Limited (NYSE:SE) by 99.9% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 325 shares of the Internet company based in Singapore’s stock after selling 435,036 shares during the quarter. Elequin Capital LP’s holdings in SEA were worth $34,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in SE. Norges Bank purchased a new stake in SEA during the fourth quarter worth $1,493,682,000. WCM Investment Management LLC boosted its position in shares of SEA by 22.8% in the 4th quarter. WCM Investment Management LLC now owns 25,663,667 shares of the Internet company based in Singapore’s stock worth $2,758,331,000 after buying an additional 4,761,289 shares in the last quarter. Baillie Gifford & Co. grew its stake in SEA by 3.5% in the 4th quarter. Baillie Gifford & Co. now owns 40,954,549 shares of the Internet company based in Singapore’s stock valued at $4,345,278,000 after acquiring an additional 1,390,531 shares during the last quarter. Capital Research Global Investors increased its holdings in SEA by 19.5% during the 4th quarter. Capital Research Global Investors now owns 8,126,064 shares of the Internet company based in Singapore’s stock valued at $862,175,000 after acquiring an additional 1,325,183 shares in the last quarter. Finally, Ninety One UK Ltd raised its position in SEA by 1,673.2% during the fourth quarter. Ninety One UK Ltd now owns 1,243,888 shares of the Internet company based in Singapore’s stock worth $131,977,000 after acquiring an additional 1,173,738 shares during the last quarter. Institutional investors and hedge funds own 59.53% of the company’s stock.

Wall Street Analysts Forecast Growth

SE has been the topic of several research reports. Arete Research upgraded shares of SEA to a “strong-buy” rating in a research report on Sunday, March 23rd. Barclays increased their target price on SEA from $182.00 to $200.00 and gave the company an “overweight” rating in a report on Thursday, May 15th. Bank of America downgraded SEA from a “buy” rating to a “neutral” rating and set a $160.00 price target for the company. in a research report on Friday, May 9th. Sanford C. Bernstein restated an “outperform” rating and issued a $170.00 price objective on shares of SEA in a research report on Wednesday, May 14th. Finally, Jefferies Financial Group increased their price objective on SEA from $131.00 to $157.00 and gave the company a “buy” rating in a research note on Tuesday, March 4th. Three analysts have rated the stock with a hold rating, nine have given a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, SEA currently has an average rating of “Moderate Buy” and a consensus target price of $145.23.

SEA Stock Up 0.4%

SE opened at $163.14 on Thursday. Sea Limited has a 12 month low of $55.00 and a 12 month high of $165.31. The business has a 50-day moving average of $131.46 and a two-hundred day moving average of $121.89. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.62 and a quick ratio of 1.60. The stock has a market capitalization of $96.11 billion, a price-to-earnings ratio of 1,087.60 and a beta of 1.70.

SEA (NYSE:SE) last released its 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). SEA had a return on equity of 1.40% and a net margin of 0.64%. The company had revenue of $4.84 billion during the quarter, compared to analyst estimates of $4.90 billion. During the same period in the prior year, the business posted ($0.04) earnings per share. SEA’s revenue was up 29.6% on a year-over-year basis. On average, research analysts expect that Sea Limited will post 0.74 earnings per share for the current year.

SEA 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.