Renaissance Technologies LLC Has $52.47 Million Stock Position in Sea Limited (NYSE:SE)

Renaissance Technologies LLC increased its stake in Sea Limited (NYSE:SE) by 339.7% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 734,700 shares of the Internet company based in Singapore’s stock after purchasing an additional 567,600 shares during the quarter. Renaissance Technologies LLC owned approximately 0.13% of SEA worth $52,472,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Victory Capital Management Inc. raised its holdings in shares of SEA by 11.1% during the fourth quarter. Victory Capital Management Inc. now owns 12,183 shares of the Internet company based in Singapore’s stock valued at $493,000 after acquiring an additional 1,220 shares during the period. Vanguard Personalized Indexing Management LLC raised its stake in SEA by 15.4% during the 4th quarter. Vanguard Personalized Indexing Management LLC now owns 6,290 shares of the Internet company based in Singapore’s stock valued at $255,000 after purchasing an additional 840 shares during the period. Dynamic Technology Lab Private Ltd acquired a new stake in SEA during the 4th quarter valued at $337,000. Trexquant Investment LP purchased a new stake in shares of SEA in the fourth quarter valued at $4,077,000. Finally, EverSource Wealth Advisors LLC boosted its position in shares of SEA by 38.6% in the fourth quarter. EverSource Wealth Advisors LLC now owns 1,414 shares of the Internet company based in Singapore’s stock worth $57,000 after buying an additional 394 shares during the period. Institutional investors and hedge funds own 59.53% of the company’s stock.

SEA Price Performance

Shares of NYSE:SE opened at $80.32 on Wednesday. The stock has a market capitalization of $45.97 billion, a P/E ratio of 1,606.40 and a beta of 1.51. The business has a 50-day moving average of $73.15 and a two-hundred day moving average of $67.46. Sea Limited has a fifty-two week low of $34.35 and a fifty-two week high of $83.69. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.49 and a quick ratio of 1.48.

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

Analyst Ratings Changes

Several equities research analysts recently issued reports on the company. Barclays increased their price objective on SEA from $87.00 to $94.00 and gave the stock an “overweight” rating in a research note on Thursday, August 15th. Citigroup reduced their price target on shares of SEA from $81.00 to $80.00 and set a “buy” rating for the company in a research report on Tuesday, July 23rd. Dbs Bank reaffirmed a “hold” rating and set a $75.00 price objective on shares of SEA in a research report on Friday, June 28th. Benchmark increased their target price on shares of SEA from $87.00 to $94.00 and gave the stock a “buy” rating in a research report on Wednesday, August 14th. Finally, TD Cowen boosted their price target on shares of SEA from $64.00 to $69.00 and gave the company a “hold” rating in a report on Wednesday, August 14th. Three research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $80.00.

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.