Los Angeles Capital Management LLC Grows Holdings in Sea Limited (NYSE:SE)

Los Angeles Capital Management LLC grew its stake in shares of Sea Limited (NYSE:SE) by 10,373.5% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,035,722 shares of the Internet company based in Singapore’s stock after buying an additional 1,025,833 shares during the quarter. Los Angeles Capital Management LLC owned 0.18% of SEA worth $73,971,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Syon Capital LLC purchased a new stake in SEA in the fourth quarter worth approximately $357,000. Hexagon Capital Partners LLC boosted its stake in shares of SEA by 63.1% in the 2nd quarter. Hexagon Capital Partners LLC now owns 654 shares of the Internet company based in Singapore’s stock valued at $47,000 after purchasing an additional 253 shares in the last quarter. Wasatch Advisors LP grew its holdings in shares of SEA by 3.2% during the 1st quarter. Wasatch Advisors LP now owns 1,544,492 shares of the Internet company based in Singapore’s stock valued at $82,955,000 after purchasing an additional 48,273 shares during the last quarter. Swedbank AB purchased a new position in SEA in the 1st quarter worth $4,404,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. lifted its stake in SEA by 18.4% in the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 202,229 shares of the Internet company based in Singapore’s stock worth $10,862,000 after purchasing an additional 31,470 shares during the last quarter. Hedge funds and other institutional investors own 59.53% of the company’s stock.

Wall Street Analyst Weigh In

SE has been the topic of several recent research reports. Bank of America raised their price target on SEA from $77.00 to $84.00 and gave the stock a “buy” rating in a research report on Wednesday, August 14th. TD Cowen upped their price target on shares of SEA from $64.00 to $69.00 and gave the company a “hold” rating in a report on Wednesday, August 14th. Citigroup cut their price target on shares of SEA from $81.00 to $80.00 and set a “buy” rating on the stock in a report on Tuesday, July 23rd. Loop Capital upped their price objective on shares of SEA from $92.00 to $94.00 and gave the company a “buy” rating in a research note on Monday, June 10th. Finally, Wedbush reissued an “outperform” rating and issued a $84.00 target price (up from $76.00) on shares of SEA in a research note on Tuesday, August 13th. Three analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $80.00.

SEA Stock Down 2.0 %

NYSE SE traded down $1.54 during trading hours on Friday, reaching $77.18. 4,918,825 shares of the company’s stock traded hands, compared to its average volume of 5,862,331. The firm has a market cap of $44.17 billion, a PE ratio of 1,543.20 and a beta of 1.51. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.49 and a quick ratio of 1.48. Sea Limited has a 52-week low of $34.35 and a 52-week high of $83.69. The firm has a 50-day simple moving average of $72.25 and a 200 day simple moving average of $65.79.

SEA (NYSE:SE) last issued its quarterly earnings results on Tuesday, August 13th. The Internet company based in Singapore reported $0.14 EPS for the quarter, missing analysts’ consensus estimates of $0.59 by ($0.45). The company had revenue of $3.81 billion during the quarter, compared to the consensus estimate of $3.73 billion. SEA had a negative return on equity of 2.92% and a negative net margin of 1.36%. The business’s revenue for the quarter was up 23.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.54 earnings per share. Sell-side analysts anticipate that Sea Limited will post 0.64 EPS for the current fiscal year.

About SEA

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.