Mirae Asset Global Investments Co. Ltd. Reduces Stock Holdings in Sea Limited (NYSE:SE)

Mirae Asset Global Investments Co. Ltd. decreased its holdings in Sea Limited (NYSE:SE) by 6.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 97,202 shares of the Internet company based in Singapore’s stock after selling 6,186 shares during the quarter. Mirae Asset Global Investments Co. Ltd.’s holdings in SEA were worth $10,313,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Rosenberg Matthew Hamilton lifted its stake in SEA by 213.7% in the third quarter. Rosenberg Matthew Hamilton now owns 298 shares of the Internet company based in Singapore’s stock worth $28,000 after acquiring an additional 203 shares during the period. Truvestments Capital LLC purchased a new stake in SEA in the third quarter worth $41,000. Icon Wealth Advisors LLC purchased a new stake in SEA in the third quarter worth $47,000. Geneos Wealth Management Inc. lifted its stake in SEA by 4,663.6% in 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. Finally, SOA Wealth Advisors LLC. lifted its stake in SEA by 33.3% in the third quarter. SOA Wealth Advisors LLC. now owns 600 shares of the Internet company based in Singapore’s stock worth $57,000 after acquiring an additional 150 shares during the period. Hedge funds and other institutional investors own 59.53% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the company. Barclays raised their price target on SEA from $94.00 to $131.00 and gave the stock an “overweight” rating in a research note on Thursday, November 14th. Phillip Securities reiterated a “reduce” rating and issued a $100.00 price objective (up previously from $80.00) on shares of SEA in a report on Tuesday, November 19th. Benchmark increased their price objective on SEA from $94.00 to $130.00 and gave the stock a “buy” rating in a report on Wednesday, November 13th. Wedbush reiterated an “outperform” rating and issued a $105.00 price objective (up previously from $84.00) on shares of SEA in a report on Monday, November 4th. Finally, TD Cowen increased their price objective on SEA from $69.00 to $100.00 and gave the stock a “hold” rating in a report on Wednesday, November 13th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $91.21.

SEA Price Performance

Shares of NYSE:SE opened at $122.41 on Friday. Sea Limited has a 1-year low of $41.60 and a 1-year high of $126.12. 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 business has a fifty day moving average price of $113.78 and a 200-day moving average price of $96.88. The company has a market capitalization of $70.06 billion, a PE ratio of 816.08 and a beta of 1.55.

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 for the quarter, missing the consensus estimate of $0.59 by ($0.35). SEA had a net margin of 0.64% and a return on equity of 1.40%. The company had revenue of $4.33 billion for the quarter, compared to the consensus estimate of $4.09 billion. During the same quarter in the previous year, the business earned ($0.26) earnings per share. SEA’s revenue was up 30.8% compared to the same quarter last year. As a group, equities analysts expect that Sea Limited will post 0.8 EPS for the current fiscal 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.