Victory Capital Management Inc. Lowers Holdings in Sea Limited (NYSE:SE)

Victory Capital Management Inc. trimmed its stake in shares of Sea Limited (NYSE:SE) by 9.8% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 12,471 shares of the Internet company based in Singapore’s stock after selling 1,348 shares during the period. Victory Capital Management Inc.’s holdings in SEA were worth $1,176,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently bought and sold shares of the stock. Rosenberg Matthew Hamilton boosted its stake in shares of SEA by 213.7% during the 3rd quarter. Rosenberg Matthew Hamilton now owns 298 shares of the Internet company based in Singapore’s stock worth $28,000 after acquiring an additional 203 shares in the last quarter. SOA Wealth Advisors LLC. purchased a new position in SEA during the second quarter worth approximately $32,000. Hexagon Capital Partners LLC boosted its position in SEA by 63.1% during the second quarter. Hexagon Capital Partners LLC now owns 654 shares of the Internet company based in Singapore’s stock worth $47,000 after purchasing an additional 253 shares in the last quarter. Canton Hathaway LLC grew its holdings 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 purchasing an additional 200 shares during the period. Finally, GAMMA Investing LLC increased its position in shares of SEA by 69.5% in the third quarter. GAMMA Investing LLC now owns 1,268 shares of the Internet company based in Singapore’s stock valued at $120,000 after buying an additional 520 shares in the last quarter. 59.53% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on SE shares. Phillip Securities reissued a “reduce” rating and issued a $100.00 price target (up previously from $80.00) on shares of SEA in a research note on Tuesday, November 19th. Bank of America lifted their target price on shares of SEA from $84.00 to $96.00 and gave the company a “buy” rating in a research report on Monday, September 23rd. TD Cowen boosted their target price on shares of SEA from $69.00 to $100.00 and gave the stock a “hold” rating in a research note on Wednesday, November 13th. Wedbush reaffirmed an “outperform” rating and issued a $105.00 price target (up from $84.00) on shares of SEA in a research note on Monday, November 4th. Finally, Dbs Bank upgraded SEA from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, November 13th. One analyst has rated the stock with a sell rating, two have issued a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, SEA currently has a consensus rating of “Moderate Buy” and an average target price of $91.21.

SEA Price Performance

NYSE:SE opened at $113.91 on Wednesday. Sea Limited has a one year low of $34.35 and a one year high of $117.85. The stock has a market cap of $65.20 billion, a PE ratio of 759.40 and a beta of 1.52. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.60 and a current ratio of 1.62. The stock has a 50 day moving average price of $98.08 and a 200 day moving average price of $81.55.

SEA (NYSE:SE) last issued its earnings results on Tuesday, November 12th. The Internet company based in Singapore reported $0.24 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.59 by ($0.35). The company had revenue of $4.33 billion during the quarter, compared to analyst estimates of $4.09 billion. SEA had a return on equity of 1.40% and a net margin of 0.64%. The firm’s revenue was up 30.8% compared to the same quarter last year. During the same period last year, the business earned ($0.26) earnings per share. Equities research analysts expect that Sea Limited will post 0.81 EPS for the current fiscal year.

SEA Company Profile

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.