Sea Limited (NYSE:SE) Stock Position Raised by CoreView Capital Management Ltd

CoreView Capital Management Ltd grew its holdings in shares of Sea Limited (NYSE:SE) by 9.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,191,601 shares of the Internet company based in Singapore’s stock after buying an additional 195,225 shares during the quarter. SEA accounts for about 24.2% of CoreView Capital Management Ltd’s investment portfolio, making the stock its 2nd largest holding. CoreView Capital Management Ltd owned about 0.38% of SEA worth $232,529,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Private Trust Co. NA raised its position in shares of SEA by 474.4% during the 4th quarter. Private Trust Co. NA now owns 247 shares of the Internet company based in Singapore’s stock valued at $26,000 after acquiring an additional 204 shares in the last quarter. Kestra Investment Management LLC bought a new stake in SEA during the fourth quarter valued at $34,000. Farther Finance Advisors LLC raised its holdings in shares of SEA by 43.8% during the fourth quarter. Farther Finance Advisors LLC now owns 368 shares of the Internet company based in Singapore’s stock worth $39,000 after purchasing an additional 112 shares during the period. Banque Transatlantique SA acquired a new stake in shares of SEA during the fourth quarter worth $39,000. Finally, Huntington National Bank lifted its position in shares of SEA by 783.6% in the 4th quarter. Huntington National Bank now owns 486 shares of the Internet company based in Singapore’s stock worth $52,000 after buying an additional 431 shares during the last quarter. 59.53% of the stock is currently owned by hedge funds and other institutional investors.

SEA Trading Up 0.7%

Shares of SE stock opened at $162.61 on Tuesday. Sea Limited has a 1 year low of $55.00 and a 1 year high of $165.31. The firm has a market capitalization of $95.80 billion, a PE ratio of 1,084.07 and a beta of 1.70. The stock has a fifty day moving average of $129.99 and a two-hundred day moving average of $121.32. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.60 and a current ratio of 1.62.

SEA (NYSE:SE) last released its earnings results on Tuesday, May 13th. The Internet company based in Singapore reported $0.65 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 analyst estimates of $4.90 billion. SEA had a net margin of 0.64% and a return on equity of 1.40%. The firm’s quarterly revenue was up 29.6% on a year-over-year basis. During the same period in the previous year, the business posted ($0.04) EPS. As a group, research analysts expect that Sea Limited will post 0.74 EPS for the current year.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on SE. Jefferies Financial Group boosted their price objective on shares of SEA from $131.00 to $157.00 and gave the company a “buy” rating in a research report on Tuesday, March 4th. Sanford C. Bernstein restated an “outperform” rating and issued a $170.00 target price on shares of SEA in a research note on Wednesday, May 14th. Wedbush reaffirmed an “outperform” rating on shares of SEA in a report on Wednesday, May 14th. Benchmark raised their price target on SEA from $150.00 to $180.00 and gave the stock a “buy” rating in a report on Wednesday, May 14th. Finally, Barclays boosted their price objective on SEA from $182.00 to $200.00 and gave the company an “overweight” rating in a research report on Thursday, May 15th. Three 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 stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $145.23.

About SEA

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.