Gallacher Capital Management LLC Has $244,000 Stake in Sea Limited (NYSE:SE)

Gallacher Capital Management LLC decreased its position in Sea Limited (NYSE:SE) by 13.8% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 4,547 shares of the Internet company based in Singapore’s stock after selling 728 shares during the quarter. Gallacher Capital Management LLC’s holdings in SEA were worth $244,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Clarity Capital Partners LLC acquired a new position in shares of SEA in the first quarter valued at approximately $264,000. Mediolanum International Funds Ltd acquired a new stake in SEA during the first quarter worth approximately $2,753,000. Nikko Asset Management Americas Inc. grew its position in SEA by 319.9% during the first quarter. Nikko Asset Management Americas Inc. now owns 287,485 shares of the Internet company based in Singapore’s stock worth $15,441,000 after buying an additional 219,022 shares in the last quarter. FinTrust Capital Advisors LLC acquired a new stake in SEA during the first quarter worth approximately $269,000. Finally, Daiwa Securities Group Inc. grew its position in SEA by 11.9% during the first quarter. Daiwa Securities Group Inc. now owns 25,847 shares of the Internet company based in Singapore’s stock worth $1,388,000 after buying an additional 2,747 shares in the last quarter. Institutional investors and hedge funds own 59.53% of the company’s stock.

SEA Trading Up 0.2 %

NYSE:SE traded up $0.15 during trading hours on Friday, hitting $74.05. 916,896 shares of the company were exchanged, compared to its average volume of 6,118,663. The stock has a market capitalization of $42.38 billion, a price-to-earnings ratio of 1,477.60 and a beta of 1.51. The company has a current ratio of 1.46, a quick ratio of 1.44 and a debt-to-equity ratio of 0.43. Sea Limited has a one year low of $34.35 and a one year high of $76.60. The company has a fifty day simple moving average of $71.44 and a 200 day simple moving average of $56.53.

SEA (NYSE:SE) last issued its quarterly earnings results on Tuesday, May 14th. The Internet company based in Singapore reported ($0.04) earnings per share for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.40). SEA had a return on equity of 0.80% and a net margin of 0.39%. The business had revenue of $3.73 billion for the quarter, compared to analyst estimates of $3.64 billion. During the same quarter in the previous year, the business posted $0.15 earnings per share. The business’s revenue was up 22.8% on a year-over-year basis. Sell-side analysts expect that Sea Limited will post 0.66 EPS for the current fiscal year.

Analysts Set New Price Targets

SE has been the topic of a number of analyst reports. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and set a $60.00 price target on shares of SEA in a research report on Wednesday, May 15th. Loop Capital raised their target price on SEA from $92.00 to $94.00 and gave the company a “buy” rating in a report on Monday, June 10th. JPMorgan Chase & Co. reaffirmed a “neutral” rating and issued a $78.00 target price (down previously from $84.00) on shares of SEA in a report on Tuesday, June 25th. Morgan Stanley raised SEA from an “equal weight” rating to an “overweight” rating and raised their target price for the company from $65.00 to $70.00 in a report on Monday, April 22nd. Finally, TD Cowen raised their target price on SEA from $52.00 to $64.00 and gave the company a “hold” rating in a report on Wednesday, May 15th. Six research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat, SEA presently has an average rating of “Moderate Buy” and a consensus price target of $72.40.

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.