Virtu Financial LLC Reduces Stock Position in Sea Limited (NYSE:SE)

Virtu Financial LLC lessened its holdings in shares of Sea Limited (NYSE:SE) by 28.6% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 25,369 shares of the Internet company based in Singapore’s stock after selling 10,185 shares during the period. Virtu Financial LLC’s holdings in SEA were worth $1,363,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. UMB Bank n.a. increased its position in shares of SEA by 70.9% during the fourth quarter. UMB Bank n.a. now owns 788 shares of the Internet company based in Singapore’s stock valued at $32,000 after buying an additional 327 shares during the period. GAMMA Investing LLC boosted its position in shares of SEA by 121.3% during the first quarter. GAMMA Investing LLC now owns 613 shares of the Internet company based in Singapore’s stock valued at $33,000 after purchasing an additional 336 shares in the last quarter. Blue Trust Inc. grew its stake in SEA by 152.4% in the fourth quarter. Blue Trust Inc. now owns 843 shares of the Internet company based in Singapore’s stock worth $36,000 after purchasing an additional 509 shares during the period. EverSource Wealth Advisors LLC raised its holdings in SEA by 38.6% in the fourth quarter. EverSource Wealth Advisors LLC now owns 1,414 shares of the Internet company based in Singapore’s stock worth $57,000 after purchasing an additional 394 shares in the last quarter. Finally, Lindbrook Capital LLC lifted its position in SEA by 78.8% during the 1st quarter. Lindbrook Capital LLC now owns 1,198 shares of the Internet company based in Singapore’s stock valued at $64,000 after acquiring an additional 528 shares during the period. Institutional investors own 59.53% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently weighed in on SE. Morgan Stanley raised SEA from an “equal weight” rating to an “overweight” rating and raised their price objective for the company from $65.00 to $70.00 in a research report on Monday, April 22nd. Citigroup dropped their target price on shares of SEA from $81.00 to $80.00 and set a “buy” rating on the stock in a research note on Tuesday, July 23rd. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and issued a $60.00 price objective on shares of SEA in a research report on Wednesday, May 15th. Barclays boosted their price target on SEA from $85.00 to $87.00 and gave the stock an “overweight” rating in a research note on Thursday, May 16th. Finally, TD Cowen raised their target price on shares of SEA from $52.00 to $64.00 and gave the stock a “hold” rating in a report on Wednesday, May 15th. Six investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $73.71.

SEA Price Performance

SE stock traded down $3.31 during trading on Friday, reaching $60.74. The company’s stock had a trading volume of 6,836,903 shares, compared to its average volume of 5,872,942. The company’s fifty day moving average is $70.84 and its 200-day moving average is $59.71. Sea Limited has a 1 year low of $34.35 and a 1 year high of $76.60. The company has a market capitalization of $34.76 billion, a P/E ratio of 1,214.80 and a beta of 1.51. The company has a quick ratio of 1.44, a current ratio of 1.46 and a debt-to-equity ratio of 0.43.

SEA (NYSE:SE) last issued its earnings results on Tuesday, May 14th. The Internet company based in Singapore reported ($0.04) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.36 by ($0.40). SEA had a net margin of 0.39% and a return on equity of 0.80%. The business had revenue of $3.73 billion for the quarter, compared to the consensus estimate of $3.64 billion. During the same period last year, the business posted $0.15 EPS. The firm’s revenue for the quarter was up 22.8% compared to the same quarter last year. On average, research analysts expect that Sea Limited will post 0.62 earnings per share for the current fiscal year.

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 promotes eSports operations.