Bayesian Capital Management LP Buys 10,700 Shares of Sea Limited (NYSE:SE)

Bayesian Capital Management LP boosted its stake in Sea Limited (NYSE:SE) by 31.2% during the 1st quarter, HoldingsChannel reports. The fund owned 44,944 shares of the Internet company based in Singapore’s stock after acquiring an additional 10,700 shares during the quarter. Bayesian Capital Management LP’s holdings in SEA were worth $2,414,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the stock. Blue Trust Inc. lifted its position in SEA by 152.4% during the 4th quarter. Blue Trust Inc. now owns 843 shares of the Internet company based in Singapore’s stock worth $36,000 after buying an additional 509 shares in the last quarter. Cigna Investments Inc. New lifted its position in SEA by 6.0% during the 4th quarter. Cigna Investments Inc. New now owns 7,119 shares of the Internet company based in Singapore’s stock worth $288,000 after buying an additional 401 shares in the last quarter. UMB Bank n.a. lifted its position in SEA by 70.9% during the 4th quarter. UMB Bank n.a. now owns 788 shares of the Internet company based in Singapore’s stock worth $32,000 after buying an additional 327 shares in the last quarter. KG&L Capital Management LLC bought a new stake in SEA during the 4th quarter worth about $550,000. Finally, Asset Management One Co. Ltd. lifted its position in SEA by 4.1% during the 4th quarter. Asset Management One Co. Ltd. now owns 144,263 shares of the Internet company based in Singapore’s stock worth $5,822,000 after buying an additional 5,701 shares in the last quarter. 59.53% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on SE shares. Bank of America upped their target price on shares of SEA from $75.00 to $77.00 and gave the company a “buy” rating in a report on Monday, July 22nd. Benchmark upped their price target on shares of SEA from $78.00 to $87.00 and gave the company a “buy” rating in a research note on Wednesday, May 15th. TD Cowen upped their price target on shares of SEA from $52.00 to $64.00 and gave the company a “hold” rating in a research note on Wednesday, May 15th. JPMorgan Chase & Co. reiterated a “neutral” rating and issued a $78.00 price target (down previously from $84.00) on shares of SEA in a research note on Tuesday, June 25th. Finally, Morgan Stanley upgraded shares of SEA from an “equal weight” rating to an “overweight” rating and increased their target price for the stock from $65.00 to $70.00 in a research report on Monday, April 22nd. Six equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $74.53.

SEA Price Performance

NYSE:SE traded down $0.66 on Tuesday, hitting $64.96. The company had a trading volume of 1,539,801 shares, compared to its average volume of 5,896,703. The stock has a market capitalization of $37.18 billion, a price-to-earnings ratio of 1,285.80 and a beta of 1.51. The company has a current ratio of 1.46, a quick ratio of 1.44 and a debt-to-equity ratio of 0.43. The firm has a 50 day moving average of $71.54 and a two-hundred day moving average of $59.26. Sea Limited has a 52 week low of $34.35 and a 52 week high of $76.60.

SEA (NYSE:SE) last issued its quarterly earnings data on Tuesday, May 14th. The Internet company based in Singapore reported ($0.04) EPS for the quarter, missing the consensus estimate of $0.36 by ($0.40). The company had revenue of $3.73 billion during the quarter, compared to the consensus estimate of $3.64 billion. SEA had a net margin of 0.39% and a return on equity of 0.80%. SEA’s revenue for the quarter was up 22.8% on a year-over-year basis. During the same period in the previous year, the company earned $0.15 EPS. On average, research analysts anticipate that Sea Limited will post 0.62 earnings per share for the current 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.