River Global Investors LLP Buys 4,168 Shares of Sea Limited (NYSE:SE)

River Global Investors LLP raised its position in shares of Sea Limited (NYSE:SE) by 17.3% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 28,242 shares of the Internet company based in Singapore’s stock after purchasing an additional 4,168 shares during the period. River Global Investors LLP’s holdings in SEA were worth $1,144,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Baillie Gifford & Co. increased its position in shares of SEA by 30.8% in the 4th quarter. Baillie Gifford & Co. now owns 34,183,394 shares of the Internet company based in Singapore’s stock valued at $1,384,427,000 after acquiring an additional 8,045,977 shares during the period. Sands Capital Management LLC increased its position in shares of SEA by 3.5% during the third quarter. Sands Capital Management LLC now owns 16,119,943 shares of the Internet company based in Singapore’s stock worth $708,471,000 after purchasing an additional 542,996 shares in the last quarter. Ward Ferry Management BVI Ltd raised its stake in SEA by 13.2% in the 3rd quarter. Ward Ferry Management BVI Ltd now owns 4,419,441 shares of the Internet company based in Singapore’s stock valued at $194,234,000 after purchasing an additional 514,455 shares during the last quarter. Kontiki Capital Management HK Ltd. raised its holdings in SEA by 19.2% in the 3rd quarter. Kontiki Capital Management HK Ltd. now owns 3,796,957 shares of the Internet company based in Singapore’s stock valued at $166,876,000 after acquiring an additional 612,518 shares during the last quarter. Finally, Assenagon Asset Management S.A. grew its holdings in SEA by 12,344.0% in the 4th quarter. Assenagon Asset Management S.A. now owns 2,655,668 shares of the Internet company based in Singapore’s stock valued at $107,555,000 after buying an additional 2,634,327 shares in the last quarter. 59.53% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on SE shares. Benchmark increased their target price on shares of SEA from $65.00 to $78.00 and gave the stock a “buy” rating in a research note on Tuesday, March 5th. Daiwa Capital Markets upgraded SEA from a “neutral” rating to a “buy” rating in a research note on Friday, February 2nd. Barclays raised their target price on shares of SEA from $68.00 to $85.00 and gave the stock an “overweight” rating in a research report on Friday. HSBC upped their target price on shares of SEA from $70.00 to $76.00 and gave the company a “buy” rating in a report on Tuesday, March 5th. Finally, Morgan Stanley raised SEA from an “equal weight” rating to an “overweight” rating and increased their price objective for the stock from $65.00 to $70.00 in a research report on Monday, April 22nd. Three equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. Based on data from MarketBeat.com, SEA currently has an average rating of “Moderate Buy” and a consensus price target of $71.21.

SEA Trading Up 4.2 %

Shares of SE stock traded up $2.68 during mid-day trading on Friday, reaching $66.66. The company’s stock had a trading volume of 5,615,774 shares, compared to its average volume of 5,984,409. The company’s 50 day simple moving average is $56.54 and its 200-day simple moving average is $45.84. The company has a quick ratio of 1.43, a current ratio of 1.44 and a debt-to-equity ratio of 0.46. Sea Limited has a 12-month low of $34.35 and a 12-month high of $88.39. The firm has a market capitalization of $37.65 billion, a PE ratio of 277.75 and a beta of 1.43.

SEA (NYSE:SE) last posted its quarterly earnings results on Monday, March 4th. The Internet company based in Singapore reported ($0.19) EPS for the quarter, missing analysts’ consensus estimates of ($0.06) by ($0.13). SEA had a return on equity of 2.54% and a net margin of 1.27%. The firm had revenue of $3.62 billion during the quarter, compared to analyst estimates of $3.57 billion. During the same quarter last year, the business posted $0.72 earnings per share. The firm’s revenue for the quarter was up 5.7% on a year-over-year basis. On average, research analysts predict that Sea Limited will post 0.75 EPS for the current fiscal year.

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.