Swiss National Bank Has $103.69 Million Stake in Sea Limited (NYSE:SE)

Swiss National Bank raised its position in shares of Sea Limited (NYSE:SE) by 1.5% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,099,800 shares of the Internet company based in Singapore’s stock after buying an additional 16,300 shares during the period. Swiss National Bank owned about 0.19% of SEA worth $103,689,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of SE. Avantax Advisory Services Inc. acquired a new stake in shares of SEA during the first quarter worth approximately $226,000. State Board of Administration of Florida Retirement System boosted its position in SEA by 11.0% in the 1st quarter. State Board of Administration of Florida Retirement System now owns 21,624 shares of the Internet company based in Singapore’s stock valued at $1,161,000 after buying an additional 2,150 shares during the last quarter. Intech Investment Management LLC acquired a new stake in shares of SEA in the 1st quarter valued at $371,000. Acadian Asset Management LLC raised its position in shares of SEA by 528.3% during the first quarter. Acadian Asset Management LLC now owns 9,758 shares of the Internet company based in Singapore’s stock worth $523,000 after acquiring an additional 8,205 shares during the last quarter. Finally, Seven Eight Capital LP acquired a new position in shares of SEA during the first quarter valued at $565,000. Institutional investors and hedge funds own 59.53% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the company. Citigroup lowered their price objective on SEA from $81.00 to $80.00 and set a “buy” rating for the company in a research report on Tuesday, July 23rd. TD Cowen lifted 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. Wedbush reiterated an “outperform” rating and issued a $105.00 price objective (up from $84.00) on shares of SEA in a research report on Monday, November 4th. Dbs Bank upgraded SEA from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, November 13th. Finally, JPMorgan Chase & Co. upgraded SEA from a “neutral” rating to an “overweight” rating and lifted their price objective for the stock from $66.00 to $90.00 in a research report on Wednesday, August 14th. Two investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, SEA currently has a consensus rating of “Moderate Buy” and a consensus target price of $90.54.

SEA Price Performance

Shares of SE opened at $108.58 on Tuesday. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.48 and a current ratio of 1.62. The stock has a 50 day simple moving average of $94.57 and a 200 day simple moving average of $79.86. Sea Limited has a 52-week low of $34.35 and a 52-week high of $117.52. The firm has a market capitalization of $62.14 billion, a PE ratio of 723.87 and a beta of 1.52.

SEA (NYSE:SE) last issued its quarterly earnings data on Tuesday, November 12th. The Internet company based in Singapore reported $0.24 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.59 by ($0.35). SEA had a net margin of 0.64% and a return on equity of 1.40%. The business had revenue of $4.33 billion during the quarter, compared to analyst estimates of $4.09 billion. During the same quarter in the prior year, the firm posted ($0.26) earnings per share. SEA’s revenue for the quarter was up 30.8% compared to the same quarter last year. Sell-side analysts predict that Sea Limited will post 0.8 EPS 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.