EMC Capital Management Boosts Position in Sea Limited (NYSE:SE)

EMC Capital Management raised its position in Sea Limited (NYSE:SE) by 5,609.1% during the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 9,420 shares of the Internet company based in Singapore’s stock after acquiring an additional 9,255 shares during the quarter. EMC Capital Management’s holdings in SEA were worth $888,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of SE. Kaizen Investment Management Pte. Ltd. bought a new stake in shares of SEA in the third quarter worth about $587,544,000. Eminence Capital LP grew its position in shares of SEA by 45.2% during the 2nd quarter. Eminence Capital LP now owns 4,522,441 shares of the Internet company based in Singapore’s stock worth $322,993,000 after buying an additional 1,408,314 shares in the last quarter. Clearbridge Investments LLC purchased a new position in SEA during the 2nd quarter valued at about $99,989,000. Healthcare of Ontario Pension Plan Trust Fund bought a new position in SEA in the first quarter worth approximately $60,171,000. Finally, Los Angeles Capital Management LLC raised its position in shares of SEA by 10,373.5% in the 2nd quarter. Los Angeles Capital Management LLC now owns 1,035,722 shares of the Internet company based in Singapore’s stock worth $73,971,000 after acquiring an additional 1,025,833 shares in the last quarter. 59.53% of the stock is owned by hedge funds and other institutional investors.

SEA Stock Up 1.4 %

Shares of SEA stock opened at $95.39 on Friday. The business has a 50-day simple moving average of $89.69 and a 200-day simple moving average of $76.28. Sea Limited has a one year low of $34.35 and a one year high of $101.93. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.49 and a quick ratio of 1.48.

SEA (NYSE:SE) last posted its quarterly earnings data on Tuesday, August 13th. The Internet company based in Singapore reported $0.14 earnings per share for the quarter, missing analysts’ consensus estimates of $0.59 by ($0.45). The company had revenue of $3.81 billion for the quarter, compared to analyst estimates of $3.73 billion. SEA had a negative return on equity of 2.92% and a negative net margin of 1.36%. The firm’s revenue was up 23.0% compared to the same quarter last year. During the same period in the previous year, the business posted $0.54 earnings per share. On average, sell-side analysts forecast that Sea Limited will post 0.64 earnings per share for the current year.

Analyst Ratings Changes

A number of brokerages have recently weighed in on SE. TD Cowen boosted their price target on SEA from $64.00 to $69.00 and gave the stock a “hold” rating in a research note on Wednesday, August 14th. Barclays raised their price objective on shares of SEA from $87.00 to $94.00 and gave the stock an “overweight” rating in a research note on Thursday, August 15th. JPMorgan Chase & Co. upgraded SEA from a “neutral” rating to an “overweight” rating and lifted their price target for the company from $66.00 to $90.00 in a research note on Wednesday, August 14th. Citigroup dropped their price objective on SEA from $81.00 to $80.00 and set a “buy” rating on the stock in a report on Tuesday, July 23rd. Finally, Wedbush reaffirmed an “outperform” rating and set a $84.00 target price (up from $76.00) on shares of SEA in a research note on Tuesday, August 13th. Three analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $80.92.

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.