E Fund Management Co. Ltd. Sells 50,000 Shares of Sea Limited (NYSE:SE)

E Fund Management Co. Ltd. trimmed its holdings in shares of Sea Limited (NYSE:SE) by 24.0% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 158,000 shares of the Internet company based in Singapore’s stock after selling 50,000 shares during the quarter. SEA accounts for about 0.6% of E Fund Management Co. Ltd.’s portfolio, making the stock its 23rd largest position. E Fund Management Co. Ltd.’s holdings in SEA were worth $11,284,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. SOA Wealth Advisors LLC. acquired a new position in shares of SEA in the 2nd quarter worth approximately $32,000. GAMMA Investing LLC lifted its position in shares of SEA by 121.3% in the 1st quarter. GAMMA Investing LLC now owns 613 shares of the Internet company based in Singapore’s stock worth $33,000 after purchasing an additional 336 shares during the period. Hexagon Capital Partners LLC lifted its position in shares of SEA by 63.1% in 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. lifted its position in shares of SEA by 50.8% in 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. Finally, Lindbrook Capital LLC lifted its position in shares of SEA by 78.8% in 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. 59.53% of the stock is owned by institutional investors.

SEA Stock Performance

Shares of SE stock opened at $80.32 on Wednesday. The firm has a market capitalization of $45.97 billion, a PE ratio of 1,606.40 and a beta of 1.51. The firm has a fifty day simple moving average of $73.15 and a two-hundred day simple moving average of $67.46. The company has a current ratio of 1.49, a quick ratio of 1.48 and a debt-to-equity ratio of 0.41. Sea Limited has a 12 month low of $34.35 and a 12 month high of $83.69.

SEA (NYSE:SE) last announced 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 quarter last year, the firm posted $0.54 EPS. The business’s revenue for the quarter was up 23.0% compared to the same quarter last year. Analysts forecast that Sea Limited will post 0.64 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the stock. Dbs Bank restated a “hold” rating and issued a $75.00 price target on shares of SEA in a research report on Friday, June 28th. Barclays boosted their price target on shares of SEA from $87.00 to $94.00 and gave the stock an “overweight” rating in a research report on Thursday, August 15th. JPMorgan Chase & Co. upgraded shares of SEA from a “neutral” rating to an “overweight” rating and boosted their target price for the company from $66.00 to $90.00 in a research report on Wednesday, August 14th. Citigroup dropped their target price on shares of SEA from $81.00 to $80.00 and set a “buy” rating on the stock in a research report on Tuesday, July 23rd. Finally, Wedbush reiterated an “outperform” rating and set a $84.00 target price (up previously from $76.00) on shares of SEA in a research report on Tuesday, August 13th. Three equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $80.00.

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.