Y Intercept Hong Kong Ltd Invests $744,000 in Sea Limited (NYSE:SE)

Y Intercept Hong Kong Ltd acquired a new stake in Sea Limited (NYSE:SE) during the 3rd quarter, Holdings Channel.com reports. The firm acquired 7,893 shares of the Internet company based in Singapore’s stock, valued at approximately $744,000.

Several other hedge funds have also recently bought and sold shares of the company. MML Investors Services LLC grew its position in SEA by 115.1% in the 3rd quarter. MML Investors Services LLC now owns 53,138 shares of the Internet company based in Singapore’s stock valued at $5,010,000 after acquiring an additional 28,436 shares in the last quarter. Orion Portfolio Solutions LLC boosted its stake in shares of SEA by 78.7% in the third quarter. Orion Portfolio Solutions LLC now owns 29,246 shares of the Internet company based in Singapore’s stock valued at $2,757,000 after purchasing an additional 12,878 shares during the period. XTX Topco Ltd grew its holdings in shares of SEA by 116.9% in the third quarter. XTX Topco Ltd now owns 6,162 shares of the Internet company based in Singapore’s stock valued at $581,000 after purchasing an additional 3,321 shares in the last quarter. National Bank of Canada FI increased its stake in SEA by 20.4% during the 3rd quarter. National Bank of Canada FI now owns 421,199 shares of the Internet company based in Singapore’s stock worth $39,711,000 after buying an additional 71,298 shares during the period. Finally, CoreView Capital Management Ltd lifted its holdings in SEA by 341.1% during the 3rd quarter. CoreView Capital Management Ltd now owns 1,996,376 shares of the Internet company based in Singapore’s stock worth $188,218,000 after buying an additional 1,543,743 shares in the last quarter. Institutional investors and hedge funds own 59.53% of the company’s stock.

SEA Price Performance

Shares of NYSE:SE opened at $116.46 on Friday. Sea Limited has a 12 month low of $34.35 and a 12 month high of $119.47. The firm has a market capitalization of $66.65 billion, a P/E ratio of 776.40 and a beta of 1.53. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.62 and a quick ratio of 1.60. The company’s fifty day moving average price is $104.82 and its 200 day moving average price is $85.77.

SEA (NYSE:SE) last posted its earnings results on Tuesday, November 12th. The Internet company based in Singapore reported $0.24 EPS for the quarter, missing analysts’ consensus estimates of $0.59 by ($0.35). SEA had a return on equity of 1.40% and a net margin of 0.64%. The firm had revenue of $4.33 billion for the quarter, compared to analyst estimates of $4.09 billion. During the same quarter last year, the firm posted ($0.26) EPS. The firm’s revenue for the quarter was up 30.8% on a year-over-year basis. As a group, sell-side analysts predict that Sea Limited will post 0.81 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

SE has been the topic of a number of recent research reports. Benchmark upped their price objective on SEA from $94.00 to $130.00 and gave the stock a “buy” rating in a research report on Wednesday, November 13th. Wedbush restated an “outperform” rating and set a $105.00 price target (up previously from $84.00) on shares of SEA in a report on Monday, November 4th. Phillip Securities reaffirmed a “reduce” rating and issued a $100.00 price target (up previously from $80.00) on shares of SEA in a research report on Tuesday, November 19th. TD Cowen boosted their price objective on SEA from $69.00 to $100.00 and gave the stock a “hold” rating in a research report on Wednesday, November 13th. Finally, Barclays raised their target price on shares of SEA from $94.00 to $131.00 and gave the company an “overweight” rating in a report on Thursday, November 14th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, SEA has an average rating of “Moderate Buy” and an average target price of $91.21.

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.