Jupiter Asset Management Ltd. Has $2.43 Million Stock Position in Sea Limited (NYSE:SE)

Jupiter Asset Management Ltd. boosted its position in shares of Sea Limited (NYSE:SE) by 294.5% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 7,630 shares of the Internet company based in Singapore’s stock after purchasing an additional 5,696 shares during the period. Jupiter Asset Management Ltd.’s holdings in SEA were worth $2,431,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in SE. BlackRock Inc. lifted its position in shares of SEA by 520.9% in the second quarter. BlackRock Inc. now owns 3,345,583 shares of the Internet company based in Singapore’s stock worth $918,698,000 after buying an additional 2,806,772 shares during the last quarter. Jennison Associates LLC lifted its position in shares of SEA by 64.0% in the third quarter. Jennison Associates LLC now owns 7,030,971 shares of the Internet company based in Singapore’s stock worth $2,240,981,000 after buying an additional 2,742,732 shares during the last quarter. Assenagon Asset Management S.A. acquired a new stake in shares of SEA in the third quarter worth about $639,249,000. Nordea Investment Management AB lifted its position in shares of SEA by 94.3% in the third quarter. Nordea Investment Management AB now owns 1,234,956 shares of the Internet company based in Singapore’s stock worth $394,260,000 after buying an additional 599,316 shares during the last quarter. Finally, Clearbridge Investments LLC lifted its position in shares of SEA by 34.5% in the second quarter. Clearbridge Investments LLC now owns 2,215,261 shares of the Internet company based in Singapore’s stock worth $608,311,000 after buying an additional 568,721 shares during the last quarter. 52.75% of the stock is owned by hedge funds and other institutional investors.

A number of equities analysts have recently commented on the company. Stifel Nicolaus dropped their price objective on SEA from $400.00 to $300.00 in a research note on Wednesday. Citigroup dropped their price objective on SEA from $424.00 to $416.00 and set a “buy” rating on the stock in a research note on Wednesday, November 17th. Barclays assumed coverage on SEA in a research note on Tuesday, November 2nd. They issued an “overweight” rating and a $427.00 price objective on the stock. Cowen lifted their price objective on SEA from $355.00 to $375.00 and gave the stock an “outperform” rating in a research note on Monday, November 15th. Finally, DZ Bank assumed coverage on SEA in a research note on Wednesday, September 29th. They issued a “buy” rating and a $400.00 price objective on the stock. One investment analyst has rated the stock with a sell rating and twelve have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average price target of $351.00.

NYSE SE opened at $175.03 on Friday. The company has a current ratio of 2.49, a quick ratio of 2.47 and a debt-to-equity ratio of 0.45. The stock’s 50 day moving average is $252.36 and its two-hundred day moving average is $294.24. The company has a market capitalization of $94.43 billion, a price-to-earnings ratio of -46.43 and a beta of 1.26. Sea Limited has a 1-year low of $168.00 and a 1-year high of $372.70.

SEA (NYSE:SE) last released its quarterly earnings data on Tuesday, November 16th. The Internet company based in Singapore reported ($0.83) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.67) by ($0.16). The company had revenue of $2.69 billion for the quarter, compared to analyst estimates of $2.48 billion. SEA had a negative net margin of 23.51% and a negative return on equity of 42.71%. The firm’s revenue for the quarter was up 121.8% compared to the same quarter last year. During the same period in the previous year, the firm posted ($0.87) earnings per share. On average, analysts predict that Sea Limited will post -3.86 earnings per share for the current year.

SEA Profile

Sea Ltd. is an internet and mobile platform company, which engages in the provision of online gaming services. It operates through the following segments: Digital Entertainment, E-Commerce, and Digital Financial Services. The Digital Entertainment segment offers and develops mobile and PC online games.

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Institutional Ownership by Quarter for SEA (NYSE:SE)

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