Sea Limited (NYSE:SE) is ShawSpring Partners LLC’s 3rd Largest Position

ShawSpring Partners LLC raised its holdings in Sea Limited (NYSE:SE) by 11.1% in the third quarter, Holdings Channel.com reports. The fund owned 943,179 shares of the Internet company based in Singapore’s stock after buying an additional 94,382 shares during the quarter. SEA makes up 11.2% of ShawSpring Partners LLC’s investment portfolio, making the stock its 3rd largest position. ShawSpring Partners LLC’s holdings in SEA were worth $88,923,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. Sequoia Financial Advisors LLC grew its stake in SEA by 6.2% in 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 during the last quarter. Canton Hathaway LLC increased its stake in shares of SEA by 20.0% during the 2nd 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 in the last quarter. Rosenberg Matthew Hamilton raised its position in shares of SEA by 213.7% during the 3rd 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 last quarter. Gulf International Bank UK Ltd lifted its stake in 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 valued at $2,068,000 after buying an additional 213 shares in the last quarter. Finally, Parallel Advisors LLC lifted 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. 59.53% of the stock is currently owned by hedge funds and other institutional investors.

SEA Price Performance

Shares of SEA stock opened at $113.91 on Wednesday. The business’s fifty day moving average price is $98.08 and its 200 day moving average price is $81.55. The stock has a market capitalization of $65.20 billion, a P/E ratio of 759.40 and a beta of 1.52. The company has a current ratio of 1.62, a quick ratio of 1.60 and a debt-to-equity ratio of 0.36. Sea Limited has a twelve month low of $34.35 and a twelve month high of $117.85.

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

Wall Street Analysts Forecast Growth

SE has been the subject of a number of analyst reports. JPMorgan Chase & Co. raised SEA from a “neutral” rating to an “overweight” rating and boosted their price target for the stock from $66.00 to $90.00 in a report on Wednesday, August 14th. Dbs Bank raised shares of SEA from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, November 13th. Bank of America raised their price target on shares of SEA from $84.00 to $96.00 and gave the stock a “buy” rating in a research note on Monday, September 23rd. Phillip Securities reissued a “reduce” rating and issued a $100.00 price objective (up previously from $80.00) on shares of SEA in a research report on Tuesday, November 19th. Finally, TD Cowen raised their target price on shares of SEA from $69.00 to $100.00 and gave the stock a “hold” rating in a research report on Wednesday, November 13th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $91.21.

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.