River Global Investors LLP Has $2.69 Million Position in Sea Limited (NYSE:SE)

River Global Investors LLP boosted its stake in shares of Sea Limited (NYSE:SE) by 3.8% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 28,583 shares of the Internet company based in Singapore’s stock after acquiring an additional 1,035 shares during the quarter. River Global Investors LLP’s holdings in SEA were worth $2,694,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Baillie Gifford & Co. increased its stake in shares of SEA by 0.4% in the second quarter. Baillie Gifford & Co. now owns 34,268,428 shares of the Internet company based in Singapore’s stock valued at $2,447,451,000 after buying an additional 148,980 shares in the last quarter. Kaizen Investment Management Pte. Ltd. acquired a new stake in shares of SEA in the third quarter valued at $587,544,000. Kora Management LP increased its stake in shares of SEA by 9.4% in the first quarter. Kora Management LP now owns 4,637,500 shares of the Internet company based in Singapore’s stock valued at $249,080,000 after buying an additional 400,000 shares in the last quarter. Eminence Capital LP increased its stake in shares of SEA by 45.2% in the second quarter. Eminence Capital LP now owns 4,522,441 shares of the Internet company based in Singapore’s stock valued at $322,993,000 after buying an additional 1,408,314 shares in the last quarter. Finally, Kontiki Capital Management HK Ltd. increased its stake in shares of SEA by 1.9% in the first quarter. Kontiki Capital Management HK Ltd. now owns 3,744,416 shares of the Internet company based in Singapore’s stock valued at $201,113,000 after buying an additional 68,900 shares in the last quarter. 59.53% of the stock is currently owned by institutional investors and hedge funds.

SEA Price Performance

Shares of NYSE:SE traded down $2.16 during trading on Friday, hitting $93.56. 4,819,423 shares of the company’s stock traded hands, compared to its average volume of 2,834,667. Sea Limited has a 52 week low of $34.35 and a 52 week high of $101.93. The company has a current ratio of 1.49, a quick ratio of 1.48 and a debt-to-equity ratio of 0.41. The company has a 50-day moving average price of $91.40 and a 200-day moving average price of $78.03.

SEA (NYSE:SE) last released its quarterly earnings data on Tuesday, August 13th. The Internet company based in Singapore reported $0.14 earnings per share for the quarter, missing the consensus estimate of $0.59 by ($0.45). SEA had a negative net margin of 1.36% and a negative return on equity of 2.92%. The business had revenue of $3.81 billion for the quarter, compared to the consensus estimate of $3.73 billion. During the same quarter last year, the firm earned $0.54 EPS. The company’s revenue for the quarter was up 23.0% on a year-over-year basis. Equities analysts expect that Sea Limited will post 0.77 EPS for the current year.

Analyst Upgrades and Downgrades

A number of analysts recently commented on SE shares. Citigroup lowered their price objective on SEA from $81.00 to $80.00 and set a “buy” rating for the company in a research report on Tuesday, July 23rd. TD Cowen lifted their price objective on SEA from $64.00 to $69.00 and gave the stock a “hold” rating in a research report on Wednesday, August 14th. JPMorgan Chase & Co. upgraded SEA from a “neutral” rating to an “overweight” rating and lifted their price objective for the stock from $66.00 to $90.00 in a research report on Wednesday, August 14th. Bank of America lifted their price objective on SEA from $84.00 to $96.00 and gave the stock a “buy” rating in a research report on Monday, September 23rd. Finally, Barclays lifted their price objective on SEA from $87.00 to $94.00 and gave the stock an “overweight” rating in a research report on Thursday, August 15th. Three research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $82.54.

SEA 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.