Van ECK Associates Corp purchased a new position in shares of Sea Ltd (NYSE:SE) in the fourth quarter, Holdings Channel reports. The fund purchased 10,763 shares of the pipeline company’s stock, valued at approximately $122,000.
Several other institutional investors and hedge funds have also bought and sold shares of SE. Credit Suisse AG acquired a new position in SEA during the third quarter valued at approximately $670,000. Kayne Anderson Rudnick Investment Management LLC grew its holdings in SEA by 126.1% during the fourth quarter. Kayne Anderson Rudnick Investment Management LLC now owns 153,655 shares of the pipeline company’s stock valued at $1,739,000 after purchasing an additional 85,700 shares during the period. Manning & Napier Group LLC acquired a new position in SEA during the fourth quarter valued at approximately $19,754,000. Charles Lim Capital Ltd grew its holdings in SEA by 23.9% during the third quarter. Charles Lim Capital Ltd now owns 11,481,733 shares of the pipeline company’s stock valued at $158,792,000 after purchasing an additional 2,213,296 shares during the period. Finally, Wexford Capital LP acquired a new position in SEA during the third quarter valued at approximately $537,000. 29.97% of the stock is owned by institutional investors and hedge funds.
Several research firms have recently weighed in on SE. Zacks Investment Research upgraded shares of SEA from a “hold” rating to a “strong-buy” rating and set a $27.00 price target for the company in a report on Saturday, March 9th. Stifel Nicolaus reiterated a “buy” rating and issued a $27.00 price target on shares of SEA in a report on Wednesday, February 27th. Piper Jaffray Companies reiterated an “overweight” rating and issued a $25.00 price target on shares of SEA in a report on Wednesday, February 27th. Finally, ValuEngine upgraded shares of SEA from a “buy” rating to a “strong-buy” rating in a report on Saturday, February 2nd.
SEA stock opened at $23.51 on Friday. The company has a market capitalization of $7.50 billion, a PE ratio of -7.94 and a beta of 1.72. Sea Ltd has a twelve month low of $10.06 and a twelve month high of $25.14. The company has a quick ratio of 1.41, a current ratio of 1.44 and a debt-to-equity ratio of 39.64.
SEA (NYSE:SE) last released its quarterly earnings results on Tuesday, February 26th. The pipeline company reported ($0.99) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.90) by ($0.09). The company had revenue of $389.29 million during the quarter, compared to analyst estimates of $297.25 million. SEA had a negative net margin of 116.21% and a negative return on equity of 1,297.17%. As a group, equities research analysts predict that Sea Ltd will post -2.48 EPS for the current fiscal year.
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SEA Company Profile
Sea Limited engages in the digital entertainment, e-commerce, and digital financial service businesses in the Greater Southeast Asia. The company operates through three segments: Digital Entertainment, E-commerce and Digital Financial services. It provides Garena digital entertainment platform for users to access mobile and PC online games, and eSports operations; and access to other entertainment content, such as live streaming of online gameplay and social features.
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