Pitcairn Co. Sells 2,253 Shares of Sea Limited (NYSE:SE)

Pitcairn Co. reduced its stake in shares of Sea Limited (NYSE:SE) by 16.5% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 11,385 shares of the Internet company based in Singapore’s stock after selling 2,253 shares during the period. Pitcairn Co.’s holdings in SEA were worth $1,073,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Baillie Gifford & Co. raised its position in shares of SEA by 15.5% during the third quarter. Baillie Gifford & Co. now owns 39,564,018 shares of the Internet company based in Singapore’s stock worth $3,730,096,000 after acquiring an additional 5,295,590 shares during the last quarter. WCM Investment Management LLC lifted its position in shares of SEA by 35.9% in the 3rd quarter. WCM Investment Management LLC now owns 20,902,378 shares of the Internet company based in Singapore’s stock worth $1,971,303,000 after purchasing an additional 5,517,559 shares during the period. Kaizen Investment Management Pte. Ltd. acquired a new position in shares of SEA in the 3rd quarter worth approximately $587,544,000. Eminence Capital LP boosted its stake in shares of SEA by 45.2% in the 2nd quarter. Eminence Capital LP now owns 4,522,441 shares of the Internet company based in Singapore’s stock valued at $322,993,000 after purchasing an additional 1,408,314 shares during the last quarter. Finally, Prudential PLC increased its position in shares of SEA by 6.7% during the second quarter. Prudential PLC now owns 3,649,862 shares of the Internet company based in Singapore’s stock worth $260,673,000 after buying an additional 229,500 shares during the period. 59.53% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the stock. Phillip Securities reaffirmed a “reduce” rating and set a $100.00 price target (up previously from $80.00) on shares of SEA in a research report on Tuesday, November 19th. JPMorgan Chase & Co. raised SEA from a “neutral” rating to an “overweight” rating and raised their target price for the stock from $66.00 to $90.00 in a research note 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. Wedbush reaffirmed an “outperform” rating and set a $105.00 price objective (up previously from $84.00) on shares of SEA in a research report on Monday, November 4th. Finally, Dbs Bank upgraded shares of SEA from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, November 13th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $91.21.

SEA Trading Down 2.8 %

SE opened at $113.04 on Monday. Sea Limited has a fifty-two week low of $34.35 and a fifty-two week high of $117.85. The firm has a market capitalization of $64.70 billion, a PE ratio of 753.60 and a beta of 1.52. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.62 and a quick ratio of 1.60. The company’s 50-day moving average is $97.40 and its 200 day moving average is $81.22.

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