Tree Line Advisors Hong Kong Ltd. Buys 150,000 Shares of Sea Limited (NYSE:SE)

Tree Line Advisors Hong Kong Ltd. raised its stake in shares of Sea Limited (NYSE:SE) by 13.9% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,230,000 shares of the Internet company based in Singapore’s stock after acquiring an additional 150,000 shares during the quarter. SEA makes up 26.9% of Tree Line Advisors Hong Kong Ltd.’s portfolio, making the stock its biggest position. Tree Line Advisors Hong Kong Ltd. owned 0.21% of SEA worth $115,964,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently added to or reduced their stakes in SE. Sequoia Financial Advisors LLC raised its position in shares of SEA by 6.2% during the 3rd quarter. Sequoia Financial Advisors LLC now owns 3,081 shares of the Internet company based in Singapore’s stock valued at $290,000 after acquiring an additional 180 shares in the last quarter. Canton Hathaway LLC increased its stake in SEA by 20.0% during 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 last quarter. Rosenberg Matthew Hamilton raised its holdings in shares of SEA by 213.7% during the third quarter. Rosenberg Matthew Hamilton now owns 298 shares of the Internet company based in Singapore’s stock worth $28,000 after purchasing an additional 203 shares during the period. Gulf International Bank UK Ltd lifted its position in shares of SEA by 0.7% in the 2nd quarter. Gulf International Bank UK Ltd now owns 28,958 shares of the Internet company based in Singapore’s stock worth $2,068,000 after buying an additional 213 shares during the last quarter. Finally, Parallel Advisors LLC boosted its holdings in shares of 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 during the period. 59.53% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms recently weighed in on SE. Phillip Securities reiterated a “reduce” rating and set a $100.00 price objective (up previously from $80.00) on shares of SEA in a research note on Tuesday, November 19th. Dbs Bank raised SEA from a “hold” rating to a “strong-buy” rating in a report on Wednesday, November 13th. Benchmark upped their price objective on SEA from $94.00 to $130.00 and gave the stock a “buy” rating in a research note on Wednesday, November 13th. Wedbush reiterated an “outperform” rating and issued a $105.00 target price (up from $84.00) on shares of SEA in a research note on Monday, November 4th. Finally, JPMorgan Chase & Co. upgraded shares of SEA from a “neutral” rating to an “overweight” rating and upped their price target for the stock from $66.00 to $90.00 in a research report on Wednesday, August 14th. One analyst has rated the stock with a sell rating, two have issued a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, SEA presently has a consensus rating of “Moderate Buy” and a consensus price target of $91.21.

SEA Trading Up 0.1 %

Shares of NYSE:SE opened at $114.10 on Tuesday. Sea Limited has a twelve month low of $34.35 and a twelve month high of $117.85. The company has a current ratio of 1.62, a quick ratio of 1.60 and a debt-to-equity ratio of 0.36. The firm has a market cap of $65.30 billion, a P/E ratio of 760.00 and a beta of 1.52. The company has a 50 day moving average of $97.40 and a 200-day moving average of $81.22.

SEA (NYSE:SE) last issued its quarterly 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). SEA had a net margin of 0.64% and a return on equity of 1.40%. The firm had revenue of $4.33 billion for the quarter, compared to the consensus estimate of $4.09 billion. During the same period in the previous year, the business posted ($0.26) earnings per share. The business’s revenue for the quarter was up 30.8% compared to the same quarter last year. As a group, analysts anticipate that Sea Limited will post 0.81 earnings per share for the current fiscal year.

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.