Sea Limited (NYSE:SE) Shares Sold by Matthews International Capital Management LLC

Matthews International Capital Management LLC lessened its position in Sea Limited (NYSE:SE) by 35.6% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 401,999 shares of the Internet company based in Singapore’s stock after selling 222,026 shares during the quarter. SEA accounts for approximately 8.7% of Matthews International Capital Management LLC’s portfolio, making the stock its 2nd biggest position. Matthews International Capital Management LLC’s holdings in SEA were worth $42,652,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently bought and sold shares of the company. Mount Yale Investment Advisors LLC lifted its holdings in SEA by 16.7% during the 4th quarter. Mount Yale Investment Advisors LLC now owns 28,677 shares of the Internet company based in Singapore’s stock worth $3,043,000 after buying an additional 4,114 shares in the last quarter. Blue Trust Inc. increased its position in shares of SEA by 50.3% during the fourth quarter. Blue Trust Inc. now owns 15,194 shares of the Internet company based in Singapore’s stock worth $1,612,000 after acquiring an additional 5,082 shares during the period. Geneos Wealth Management Inc. increased its position in shares of SEA by 4,663.6% during the fourth quarter. Geneos Wealth Management Inc. now owns 524 shares of the Internet company based in Singapore’s stock worth $56,000 after acquiring an additional 513 shares during the period. Exchange Traded Concepts LLC raised its stake in shares of SEA by 10.9% in the fourth quarter. Exchange Traded Concepts LLC now owns 109,392 shares of the Internet company based in Singapore’s stock valued at $11,606,000 after acquiring an additional 10,721 shares in the last quarter. Finally, Yeomans Consulting Group Inc. purchased a new position in SEA in the fourth quarter valued at $266,000. Institutional investors and hedge funds own 59.53% of the company’s stock.

Analyst Upgrades and Downgrades

SE has been the topic of several recent research reports. Barclays upped their price target on SEA from $94.00 to $131.00 and gave the stock an “overweight” rating in a report on Thursday, November 14th. TD Cowen raised their target price on shares of SEA from $69.00 to $100.00 and gave the company a “hold” rating in a report on Wednesday, November 13th. Dbs Bank upgraded shares of SEA from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, November 13th. Benchmark increased their price objective on shares of SEA from $94.00 to $130.00 and gave the company a “buy” rating in a research report on Wednesday, November 13th. Finally, Phillip Securities reaffirmed a “reduce” rating and set a $100.00 price objective (up from $80.00) on shares of SEA in a research report on Tuesday, November 19th. One investment 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. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $91.21.

SEA Stock Performance

Shares of SE stock opened at $114.32 on Tuesday. Sea Limited has a 1 year low of $38.10 and a 1 year high of $119.47. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.60 and a current ratio of 1.62. The firm has a market cap of $65.43 billion, a price-to-earnings ratio of 762.13 and a beta of 1.54. The stock’s 50-day moving average is $112.56 and its two-hundred day moving average is $94.34.

SEA (NYSE:SE) last released its quarterly earnings results 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). SEA had a return on equity of 1.40% and a net margin of 0.64%. The firm had revenue of $4.33 billion for the quarter, compared to analyst estimates of $4.09 billion. During the same period last year, the firm earned ($0.26) EPS. The company’s quarterly revenue was up 30.8% on a year-over-year basis. Analysts predict that Sea Limited will post 0.76 earnings per share for the current year.

About SEA

Sea Ltd. is an internet and mobile platform company, which engages in the provision of online gaming services. It operates through the following segments: Digital Entertainment, E-Commerce, and Digital Financial Services. The Digital Entertainment segment offers and develops mobile and PC online games.