Candriam Luxembourg S.C.A. Buys 115 Shares of Sea Limited (NYSE:SE)

Candriam Luxembourg S.C.A. boosted its stake in shares of Sea Limited (NYSE:SE) by 8.4% during the third quarter, Holdings Channel.com reports. The firm owned 1,490 shares of the Internet company based in Singapore’s stock after purchasing an additional 115 shares during the quarter. Candriam Luxembourg S.C.A.’s holdings in SEA were worth $475,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the stock. Psagot Investment House Ltd. purchased a new stake in SEA in the second quarter valued at about $30,000. Activest Wealth Management raised its stake in SEA by 809.1% in the third quarter. Activest Wealth Management now owns 100 shares of the Internet company based in Singapore’s stock valued at $32,000 after buying an additional 89 shares during the last quarter. Bbva USA purchased a new stake in SEA in the third quarter valued at about $39,000. Spectrum Management Group LLC purchased a new stake in SEA in the third quarter valued at about $58,000. Finally, Arkadios Wealth Advisors raised its stake in SEA by 120.2% in the third quarter. Arkadios Wealth Advisors now owns 218 shares of the Internet company based in Singapore’s stock valued at $69,000 after buying an additional 119 shares during the last quarter. 52.75% of the stock is currently owned by institutional investors.

Shares of SE stock opened at $175.03 on Friday. The stock has a 50 day moving average of $252.36 and a 200 day moving average of $294.24. The company has a current ratio of 2.49, a quick ratio of 2.47 and a debt-to-equity ratio of 0.45. The stock has a market cap of $94.43 billion, a P/E ratio of -46.43 and a beta of 1.26. Sea Limited has a twelve month low of $168.00 and a twelve month high of $372.70.

SEA (NYSE:SE) last issued its quarterly earnings data on Tuesday, November 16th. The Internet company based in Singapore reported ($0.83) EPS for the quarter, missing the consensus estimate of ($0.67) by ($0.16). SEA had a negative net margin of 23.51% and a negative return on equity of 42.71%. The business had revenue of $2.69 billion during the quarter, compared to analyst estimates of $2.48 billion. During the same period in the previous year, the business posted ($0.87) earnings per share. The firm’s revenue for the quarter was up 121.8% on a year-over-year basis. On average, research analysts predict that Sea Limited will post -3.86 earnings per share for the current fiscal year.

A number of equities research analysts have commented on SE shares. Barclays began coverage on SEA in a research note on Tuesday, November 2nd. They issued an “overweight” rating and a $427.00 price target for the company. Citigroup reduced their price objective on SEA from $424.00 to $416.00 and set a “buy” rating for the company in a research note on Wednesday, November 17th. UBS Group raised their price objective on SEA from $350.00 to $380.00 and gave the stock a “buy” rating in a research note on Wednesday, November 17th. Bank of America upgraded SEA from a “neutral” rating to a “buy” rating and reduced their price objective for the stock from $385.00 to $287.00 in a research note on Monday, January 3rd. Finally, Zacks Investment Research cut SEA from a “hold” rating to a “sell” rating in a research note on Saturday, November 20th. One investment analyst has rated the stock with a sell rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat.com, SEA presently has an average rating of “Buy” and a consensus target price of $351.00.

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.

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Institutional Ownership by Quarter for SEA (NYSE:SE)

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