MetLife Investment Management LLC Has $3.10 Million Position in Sea Limited (NYSE:SE)

MetLife Investment Management LLC reduced its stake in Sea Limited (NYSE:SE) by 6.5% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 32,900 shares of the Internet company based in Singapore’s stock after selling 2,300 shares during the period. MetLife Investment Management LLC’s holdings in SEA were worth $3,102,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in the stock. Rosenberg Matthew Hamilton raised its holdings in SEA by 213.7% in the 3rd quarter. Rosenberg Matthew Hamilton now owns 298 shares of the Internet company based in Singapore’s stock valued at $28,000 after buying an additional 203 shares during the last quarter. SOA Wealth Advisors LLC. bought a new position in SEA in the 2nd quarter valued at approximately $32,000. Truvestments Capital LLC bought a new position in SEA in the 3rd quarter valued at approximately $41,000. Hexagon Capital Partners LLC raised its holdings in 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 buying an additional 253 shares during the last quarter. Finally, Icon Wealth Advisors LLC bought a new position in SEA in the 3rd quarter valued at approximately $47,000. 59.53% of the stock is currently owned by institutional investors and hedge funds.

SEA Stock Performance

NYSE:SE opened at $115.48 on Wednesday. The company has a fifty day moving average of $101.05 and a 200-day moving average of $83.22. The firm has a market capitalization of $66.09 billion, a P/E ratio of 769.87 and a beta of 1.53. The company has a quick ratio of 1.60, a current ratio of 1.62 and a debt-to-equity ratio of 0.36. Sea Limited has a twelve month low of $34.35 and a twelve month high of $117.85.

SEA (NYSE:SE) last released its quarterly earnings data on Tuesday, November 12th. The Internet company based in Singapore reported $0.24 earnings per share for the quarter, missing the consensus estimate of $0.59 by ($0.35). SEA had a net margin of 0.64% and a return on equity of 1.40%. The company had revenue of $4.33 billion during the quarter, compared to the consensus estimate of $4.09 billion. During the same quarter in the prior year, the firm earned ($0.26) EPS. The business’s revenue was up 30.8% compared to the same quarter last year. As a group, sell-side analysts anticipate that Sea Limited will post 0.81 EPS for the current year.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the stock. Barclays raised their price objective on shares of SEA from $94.00 to $131.00 and gave the company an “overweight” rating in a report on Thursday, November 14th. Bank of America raised their price objective on shares of SEA from $84.00 to $96.00 and gave the company a “buy” rating in a report on Monday, September 23rd. Dbs Bank upgraded shares of SEA from a “hold” rating to a “strong-buy” rating in a report on Wednesday, November 13th. Phillip Securities restated a “reduce” rating and set a $100.00 price target (up previously from $80.00) on shares of SEA in a report on Tuesday, November 19th. Finally, Wedbush restated an “outperform” rating and set a $105.00 price target (up previously from $84.00) on shares of SEA in a report on Monday, November 4th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $91.21.

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.