Charles Lim Capital Ltd Sells 350,000 Shares of Sea Limited (NYSE:SE)

Charles Lim Capital Ltd lessened its position in shares of Sea Limited (NYSE:SE) by 35.0% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 650,000 shares of the Internet company based in Singapore’s stock after selling 350,000 shares during the quarter. SEA makes up about 11.4% of Charles Lim Capital Ltd’s investment portfolio, making the stock its 5th largest position. Charles Lim Capital Ltd’s holdings in SEA were worth $46,423,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the company. Renaissance Technologies LLC grew its holdings in shares of SEA by 339.7% during the 2nd quarter. Renaissance Technologies LLC now owns 734,700 shares of the Internet company based in Singapore’s stock worth $52,472,000 after purchasing an additional 567,600 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of SEA by 445.4% during the 2nd quarter. Dimensional Fund Advisors LP now owns 51,096 shares of the Internet company based in Singapore’s stock worth $3,649,000 after purchasing an additional 41,728 shares in the last quarter. Envestnet Asset Management Inc. grew its holdings in shares of SEA by 130.8% during the 2nd quarter. Envestnet Asset Management Inc. now owns 182,377 shares of the Internet company based in Singapore’s stock worth $13,025,000 after purchasing an additional 103,365 shares in the last quarter. Oppenheimer Asset Management Inc. grew its holdings in shares of SEA by 60.2% during the 2nd quarter. Oppenheimer Asset Management Inc. now owns 80,375 shares of the Internet company based in Singapore’s stock worth $5,740,000 after purchasing an additional 30,211 shares in the last quarter. Finally, Parallel Advisors LLC boosted its stake in SEA by 5.2% in the 2nd quarter. Parallel Advisors LLC now owns 5,063 shares of the Internet company based in Singapore’s stock valued at $362,000 after buying an additional 250 shares in the last quarter. Institutional investors and hedge funds own 59.53% of the company’s stock.

SEA Price Performance

Shares of SE stock opened at $80.32 on Wednesday. The stock’s fifty day moving average is $73.15 and its 200-day moving average is $67.46. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.48 and a current ratio of 1.49. The stock has a market capitalization of $45.97 billion, a PE ratio of 1,606.40 and a beta of 1.51. Sea Limited has a 52 week low of $34.35 and a 52 week high of $83.69.

SEA (NYSE:SE) last announced its earnings results on Tuesday, August 13th. The Internet company based in Singapore reported $0.14 EPS for the quarter, missing the consensus estimate of $0.59 by ($0.45). SEA had a negative return on equity of 2.92% and a negative net margin of 1.36%. The business had revenue of $3.81 billion for the quarter, compared to the consensus estimate of $3.73 billion. During the same quarter in the previous year, the company posted $0.54 EPS. SEA’s revenue for the quarter was up 23.0% on a year-over-year basis. Equities research analysts expect that Sea Limited will post 0.64 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts recently commented on SE shares. Bank of America boosted their price target on SEA from $77.00 to $84.00 and gave the company a “buy” rating in a research note on Wednesday, August 14th. Citigroup decreased their price target on SEA from $81.00 to $80.00 and set a “buy” rating on the stock in a research note on Tuesday, July 23rd. Dbs Bank reaffirmed a “hold” rating and issued a $75.00 price target on shares of SEA in a research note on Friday, June 28th. JPMorgan Chase & Co. raised SEA from a “neutral” rating to an “overweight” rating and boosted their price target for the company from $66.00 to $90.00 in a research note on Wednesday, August 14th. Finally, Benchmark boosted their price target on SEA from $87.00 to $94.00 and gave the company a “buy” rating in a research note on Wednesday, August 14th. Three equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to MarketBeat, SEA presently has an average rating of “Moderate Buy” and an average target price of $80.00.

About SEA

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.