Sea Limited (NYSE:SE) Shares Sold by Baader Bank Aktiengesellschaft

Baader Bank Aktiengesellschaft decreased its holdings in shares of Sea Limited (NYSE:SE) by 21.0% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 13,828 shares of the Internet company based in Singapore’s stock after selling 3,672 shares during the period. Baader Bank Aktiengesellschaft’s holdings in SEA were worth $982,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. GAMMA Investing LLC boosted its holdings in shares of SEA by 121.3% in the first quarter. GAMMA Investing LLC now owns 613 shares of the Internet company based in Singapore’s stock valued at $33,000 after acquiring an additional 336 shares in the last quarter. Hexagon Capital Partners LLC grew its stake in shares of SEA by 63.1% during the 2nd quarter. Hexagon Capital Partners LLC now owns 654 shares of the Internet company based in Singapore’s stock worth $47,000 after purchasing an additional 253 shares during the period. UMB Bank n.a. grew its stake in shares of SEA by 50.8% during the 1st quarter. UMB Bank n.a. now owns 1,188 shares of the Internet company based in Singapore’s stock worth $64,000 after purchasing an additional 400 shares during the period. Lindbrook Capital LLC grew its stake in shares of SEA by 78.8% during the 1st quarter. Lindbrook Capital LLC now owns 1,198 shares of the Internet company based in Singapore’s stock worth $64,000 after purchasing an additional 528 shares during the period. Finally, EverSource Wealth Advisors LLC grew its stake in shares of SEA by 38.6% during the 4th quarter. EverSource Wealth Advisors LLC now owns 1,414 shares of the Internet company based in Singapore’s stock worth $57,000 after purchasing an additional 394 shares during the period. Institutional investors and hedge funds own 59.53% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on SE shares. Deutsche Bank Aktiengesellschaft restated a “hold” rating and issued a $60.00 price target on shares of SEA in a research report on Wednesday, May 15th. TD Cowen boosted their price target on SEA from $64.00 to $69.00 and gave the stock a “hold” rating in a report on Wednesday. Benchmark boosted their price target on SEA from $87.00 to $94.00 and gave the stock a “buy” rating in a report on Wednesday. Barclays boosted their price target on SEA from $87.00 to $94.00 and gave the stock an “overweight” rating in a report on Thursday. Finally, Morgan Stanley raised SEA from an “equal weight” rating to an “overweight” rating and boosted their price target for the stock from $65.00 to $70.00 in a report on Monday, April 22nd. Five research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $77.29.

SEA Stock Up 3.3 %

Shares of NYSE SE traded up $2.52 on Thursday, hitting $79.32. The company had a trading volume of 9,539,811 shares, compared to its average volume of 5,966,148. Sea Limited has a 12-month low of $34.35 and a 12-month high of $79.90. The business has a 50 day moving average of $70.29 and a two-hundred day moving average of $61.47. The company has a quick ratio of 1.44, a current ratio of 1.46 and a debt-to-equity ratio of 0.43. The firm has a market capitalization of $45.40 billion, a P/E ratio of 1,583.60 and a beta of 1.51.

SEA (NYSE:SE) last announced its earnings results on Tuesday, August 13th. The Internet company based in Singapore reported $0.14 earnings per share for the quarter, missing the consensus estimate of $0.59 by ($0.45). The business had revenue of $3.81 billion for the quarter, compared to analyst estimates of $3.73 billion. SEA had a net margin of 0.39% and a return on equity of 0.80%. The firm’s revenue was up 23.0% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.54 earnings per share. As a group, equities research analysts forecast that Sea Limited will post 0.62 earnings per share for the current fiscal year.

About SEA

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.