OVERSEA CHINESE BANKING Corp Ltd Reduces Stock Holdings in Sea Limited (NYSE:SE)

OVERSEA CHINESE BANKING Corp Ltd decreased its holdings in shares of Sea Limited (NYSE:SE) by 6.7% in the third quarter, Holdings Channel.com reports. The firm owned 1,251,168 shares of the Internet company based in Singapore’s stock after selling 89,172 shares during the period. SEA comprises 3.3% of OVERSEA CHINESE BANKING Corp Ltd’s portfolio, making the stock its 6th largest holding. OVERSEA CHINESE BANKING Corp Ltd’s holdings in SEA were worth $117,943,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Sequoia Financial Advisors LLC boosted its stake in SEA by 6.2% in the 3rd quarter. Sequoia Financial Advisors LLC now owns 3,081 shares of the Internet company based in Singapore’s stock worth $290,000 after purchasing an additional 180 shares in the last quarter. Canton Hathaway LLC lifted its stake in shares of SEA by 20.0% in the second quarter. Canton Hathaway LLC now owns 1,200 shares of the Internet company based in Singapore’s stock worth $86,000 after buying an additional 200 shares in the last quarter. Rosenberg Matthew Hamilton grew its holdings in shares of SEA by 213.7% during the third quarter. Rosenberg Matthew Hamilton now owns 298 shares of the Internet company based in Singapore’s stock valued at $28,000 after buying an additional 203 shares during the last quarter. Gulf International Bank UK Ltd increased its position in shares of SEA by 0.7% during the second quarter. Gulf International Bank UK Ltd now owns 28,958 shares of the Internet company based in Singapore’s stock valued at $2,068,000 after acquiring an additional 213 shares in the last quarter. Finally, Parallel Advisors LLC raised its holdings in SEA by 5.2% in the 2nd quarter. Parallel Advisors LLC now owns 5,063 shares of the Internet company based in Singapore’s stock worth $362,000 after acquiring an additional 250 shares during the last quarter. 59.53% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages have commented on SE. Benchmark increased their target price on SEA from $87.00 to $94.00 and gave the company a “buy” rating in a research note on Wednesday, August 14th. Wedbush reissued an “outperform” rating and issued a $105.00 target price (up previously from $84.00) on shares of SEA in a research report on Monday, November 4th. Citigroup dropped their price target on shares of SEA from $81.00 to $80.00 and set a “buy” rating on the stock in a report on Tuesday, July 23rd. TD Cowen boosted their price objective on shares of SEA from $64.00 to $69.00 and gave the company a “hold” rating in a report on Wednesday, August 14th. Finally, Bank of America lifted their target price on shares of SEA from $84.00 to $96.00 and gave the stock a “buy” rating in a research report on Monday, September 23rd. Three equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat.com, SEA currently has an average rating of “Moderate Buy” and a consensus price target of $82.54.

SEA Stock Performance

NYSE:SE opened at $97.46 on Tuesday. The stock has a 50-day simple moving average of $91.78 and a two-hundred day simple moving average of $78.38. The firm has a market capitalization of $55.78 billion, a PE ratio of -278.46 and a beta of 1.52. Sea Limited has a 52-week low of $34.35 and a 52-week high of $101.93. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.48 and a current ratio of 1.49.

SEA (NYSE:SE) last posted its quarterly earnings results on Tuesday, August 13th. The Internet company based in Singapore reported $0.14 EPS for the quarter, missing analysts’ consensus estimates of $0.59 by ($0.45). SEA had a negative net margin of 1.36% and a negative return on equity of 2.92%. The business had revenue of $3.81 billion for the quarter, compared to the consensus estimate of $3.73 billion. During the same period in the prior year, the business earned $0.54 earnings per share. SEA’s revenue was up 23.0% compared to the same quarter last year. Analysts forecast that Sea Limited will post 0.77 EPS for the current year.

SEA Company 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.