Sea Limited (NYSE:SE) Stock Holdings Decreased by Arohi Asset Management PTE Ltd.

Arohi Asset Management PTE Ltd. lessened its holdings in Sea Limited (NYSE:SE) by 0.2% in the third quarter, according to its most recent filing with the SEC. The institutional investor owned 1,987,958 shares of the Internet company based in Singapore’s stock after selling 4,300 shares during the period. SEA accounts for approximately 61.8% of Arohi Asset Management PTE Ltd.’s holdings, making the stock its biggest position. Arohi Asset Management PTE Ltd. owned about 0.35% of SEA worth $187,425,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of SE. Azora Capital LP purchased a new position in SEA in the 3rd quarter worth approximately $13,718,000. Point72 Hong Kong Ltd purchased a new position in SEA during the third quarter valued at $3,410,000. Wasatch Advisors LP increased its holdings in SEA by 0.3% in the 3rd quarter. Wasatch Advisors LP now owns 1,538,803 shares of the Internet company based in Singapore’s stock valued at $145,078,000 after acquiring an additional 4,758 shares during the last quarter. Edgestream Partners L.P. purchased a new stake in SEA in the 3rd quarter worth $215,000. Finally, Kolinsky Wealth Management LLC bought a new position in shares of SEA during the 3rd quarter valued at about $229,000. 59.53% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on SE. 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. Dbs Bank raised SEA from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, November 13th. Benchmark raised their price target on SEA from $94.00 to $130.00 and gave the stock a “buy” rating in a research report on Wednesday, November 13th. TD Cowen raised their target price on shares of SEA from $69.00 to $100.00 and gave the stock a “hold” rating in a report on Wednesday, November 13th. Finally, Phillip Securities reissued a “reduce” rating and issued a $100.00 price objective (up from $80.00) on shares of SEA in a research report on Tuesday, November 19th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $91.21.

SEA Stock Down 1.7 %

Shares of SEA stock opened at $113.80 on Monday. The firm’s 50-day moving average is $100.60 and its two-hundred day moving average is $82.93. Sea Limited has a 1 year low of $34.35 and a 1 year high of $117.85. The stock has a market cap of $65.13 billion, a price-to-earnings ratio of 758.67 and a beta of 1.52. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.62 and a quick ratio of 1.60.

SEA (NYSE:SE) last issued its quarterly earnings data 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 business had revenue of $4.33 billion during the quarter, compared to the consensus estimate of $4.09 billion. During the same period last year, the firm earned ($0.26) EPS. The business’s quarterly revenue was up 30.8% on a year-over-year basis. As a group, research analysts expect that Sea Limited will post 0.81 earnings per share for the current fiscal 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.