NN Investment Partners Holdings N.V. Sells 5,000 Shares of Sea Limited (NYSE:SE)

NN Investment Partners Holdings N.V. reduced its stake in Sea Limited (NYSE:SE) by 13.0% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 33,500 shares of the Internet company based in Singapore’s stock after selling 5,000 shares during the period. NN Investment Partners Holdings N.V.’s holdings in SEA were worth $10,677,000 as of its most recent filing with the Securities and Exchange Commission.

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

A number of brokerages have commented on SE. UBS Group increased their price objective on SEA from $350.00 to $380.00 and gave the company a “buy” rating in a research report on Wednesday, November 17th. Stifel Nicolaus cut their price target on SEA from $400.00 to $300.00 in a research note on Wednesday. Citigroup cut their price target on SEA from $424.00 to $416.00 and set a “buy” rating on the stock in a research note on Wednesday, November 17th. Zacks Investment Research downgraded SEA from a “hold” rating to a “sell” rating in a research note on Saturday, November 20th. 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 target on the stock. One equities research analyst has rated the stock with a sell rating and twelve have given a buy rating to the company. According to data from MarketBeat.com, SEA has a consensus rating of “Buy” and a consensus target price of $351.00.

Shares of SEA stock opened at $175.03 on Friday. The company has a market capitalization of $94.43 billion, a PE ratio of -46.43 and a beta of 1.26. Sea Limited has a 12 month low of $168.00 and a 12 month high of $372.70. 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 fifty day simple moving average is $252.36 and its 200 day simple moving average is $294.24.

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