Sea Limited (NYSE:SE) Shares Purchased by Geode Capital Management LLC

Geode Capital Management LLC boosted its holdings in shares of Sea Limited (NYSE:SE) by 4.2% during the third quarter, Holdings Channel.com reports. The institutional investor owned 3,059,521 shares of the Internet company based in Singapore’s stock after buying an additional 124,433 shares during the period. Geode Capital Management LLC’s holdings in SEA were worth $283,543,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Rosenberg Matthew Hamilton grew its holdings in 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 acquiring an additional 203 shares in the last quarter. Truvestments Capital LLC acquired a new position in shares of SEA during the third quarter worth $41,000. Icon Wealth Advisors LLC purchased a new position in SEA in the third quarter valued at $47,000. First Horizon Advisors Inc. raised its stake in SEA by 248.3% in the third quarter. First Horizon Advisors Inc. now owns 700 shares of the Internet company based in Singapore’s stock valued at $66,000 after buying an additional 499 shares in the last quarter. Finally, Canton Hathaway LLC lifted its holdings in 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 buying an additional 200 shares during the last quarter. Hedge funds and other institutional investors own 59.53% of the company’s stock.

SEA Price Performance

Shares of SE opened at $116.47 on Friday. The company has a market capitalization of $66.66 billion, a price-to-earnings ratio of 776.47 and a beta of 1.53. Sea Limited has a fifty-two week low of $34.35 and a fifty-two week high of $119.47. The firm has a 50-day simple moving average of $104.82 and a 200-day simple moving average of $85.88. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.60 and a current ratio of 1.62.

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

Analysts Set New Price Targets

A number of research firms have recently commented on SE. TD Cowen increased their price objective on SEA from $69.00 to $100.00 and gave the company a “hold” rating in a report on Wednesday, November 13th. Barclays raised their price objective on shares of SEA from $94.00 to $131.00 and gave the stock an “overweight” rating in a report on Thursday, November 14th. Phillip Securities restated a “reduce” rating and issued a $100.00 target price (up previously from $80.00) on shares of SEA in a report on Tuesday, November 19th. Bank of America lifted 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. Finally, Wedbush reissued an “outperform” rating and issued a $105.00 price target (up from $84.00) on shares of SEA in a research report on Monday, November 4th. One research analyst has rated the stock with a sell rating, two have given a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, SEA currently has a consensus rating of “Moderate Buy” and an average target price of $91.21.

SEA 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.