Rakuten Securities Inc. Makes New Investment in Sea Limited (NYSE:SE)

Rakuten Securities Inc. bought a new position in shares of Sea Limited (NYSE:SE) during the 4th quarter, Holdings Channel.com reports. The firm bought 5,867 shares of the Internet company based in Singapore’s stock, valued at approximately $238,000.

Other hedge funds have also recently bought and sold shares of the company. Assenagon Asset Management S.A. increased its position in SEA by 12,344.0% during the fourth quarter. Assenagon Asset Management S.A. now owns 2,655,668 shares of the Internet company based in Singapore’s stock worth $107,555,000 after buying an additional 2,634,327 shares during the last quarter. OVERSEA CHINESE BANKING Corp Ltd increased its position in SEA by 17.3% during the third quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 1,510,835 shares of the Internet company based in Singapore’s stock worth $66,411,000 after buying an additional 222,777 shares during the last quarter. Untitled Investments LP increased its position in SEA by 56.1% during the third quarter. Untitled Investments LP now owns 284,493 shares of the Internet company based in Singapore’s stock worth $12,503,000 after buying an additional 102,280 shares during the last quarter. Baillie Gifford & Co. increased its position in SEA by 30.8% during the fourth quarter. Baillie Gifford & Co. now owns 34,183,394 shares of the Internet company based in Singapore’s stock worth $1,384,427,000 after buying an additional 8,045,977 shares during the last quarter. Finally, Sunbelt Securities Inc. boosted its holdings in SEA by 91.4% during the third quarter. Sunbelt Securities Inc. now owns 670 shares of the Internet company based in Singapore’s stock valued at $29,000 after acquiring an additional 320 shares during the period. 59.53% of the stock is owned by institutional investors and hedge funds.

SEA Price Performance

Shares of NYSE SE traded up $3.66 during mid-day trading on Wednesday, hitting $56.38. 13,151,637 shares of the stock were exchanged, compared to its average volume of 4,505,407. The company has a market cap of $31.84 billion, a P/E ratio of 234.88 and a beta of 1.50. The stock’s fifty day simple moving average is $51.99 and its two-hundred day simple moving average is $44.26. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.43 and a current ratio of 1.44. Sea Limited has a twelve month low of $34.35 and a twelve month high of $88.39.

SEA (NYSE:SE) last issued its quarterly earnings results on Monday, March 4th. The Internet company based in Singapore reported ($0.19) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.06) by ($0.13). The company had revenue of $3.62 billion during the quarter, compared to analyst estimates of $3.57 billion. SEA had a net margin of 1.27% and a return on equity of 2.54%. The business’s revenue for the quarter was up 5.7% on a year-over-year basis. During the same period in the prior year, the business earned $0.72 EPS. As a group, analysts forecast that Sea Limited will post 1.01 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on SE shares. Morgan Stanley upped their price target on shares of SEA from $47.00 to $65.00 and gave the company an “equal weight” rating in a report on Wednesday, March 6th. Wedbush increased their price target on shares of SEA from $45.00 to $72.00 and gave the stock an “outperform” rating in a research report on Tuesday, March 5th. JPMorgan Chase & Co. raised shares of SEA from a “neutral” rating to an “overweight” rating and increased their price target for the stock from $43.00 to $70.00 in a research report on Tuesday, March 5th. Bank of America increased their price target on shares of SEA from $46.00 to $55.00 and gave the stock a “neutral” rating in a research report on Tuesday, March 5th. Finally, Benchmark increased their price target on shares of SEA from $65.00 to $78.00 and gave the stock a “buy” rating in a research report on Tuesday, March 5th. Five investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $66.77.

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 eSports operations.