National Pension Service Has $52.86 Million Position in Sea Limited (NYSE:SE)

National Pension Service boosted its holdings in shares of Sea Limited (NYSE:SE) by 9.7% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 560,648 shares of the Internet company based in Singapore’s stock after purchasing an additional 49,548 shares during the quarter. National Pension Service owned about 0.10% of SEA worth $52,858,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Rosenberg Matthew Hamilton boosted its position in shares of SEA by 213.7% in the third quarter. Rosenberg Matthew Hamilton now owns 298 shares of the Internet company based in Singapore’s stock valued at $28,000 after acquiring an additional 203 shares during the period. SOA Wealth Advisors LLC. acquired a new stake in shares of SEA during the 2nd quarter worth approximately $32,000. Hexagon Capital Partners LLC increased its position in shares of 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 valued at $47,000 after purchasing an additional 253 shares during the period. Canton Hathaway LLC lifted its position 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 worth $86,000 after purchasing an additional 200 shares during the period. Finally, GAMMA Investing LLC boosted its stake in SEA by 69.5% during the third quarter. GAMMA Investing LLC now owns 1,268 shares of the Internet company based in Singapore’s stock worth $120,000 after buying an additional 520 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 $95.75 on Wednesday. Sea Limited has a 1 year low of $34.35 and a 1 year high of $101.93. The company has a current ratio of 1.49, a quick ratio of 1.48 and a debt-to-equity ratio of 0.41. The firm’s 50 day moving average is $90.45 and its 200-day moving average is $77.43. The firm has a market capitalization of $54.80 billion, a price-to-earnings ratio of -273.57 and a beta of 1.52.

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

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on SE shares. Wedbush reaffirmed an “outperform” rating and set a $105.00 price objective (up from $84.00) on shares of SEA in a report on Monday. Barclays lifted their price objective on SEA from $87.00 to $94.00 and gave the company an “overweight” rating in a report on Thursday, August 15th. JPMorgan Chase & Co. raised SEA from a “neutral” rating to an “overweight” rating and increased their target price for the stock from $66.00 to $90.00 in a report on Wednesday, August 14th. Bank of America boosted their price target on SEA from $84.00 to $96.00 and gave the company a “buy” rating in a research note on Monday, September 23rd. Finally, TD Cowen increased their price objective on SEA from $64.00 to $69.00 and gave the stock a “hold” rating in a research note on Wednesday, August 14th. Three equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $82.54.

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.