Sea Limited (NYSE:SE) Shares Sold by Asahi Life Asset Management CO. LTD.

Asahi Life Asset Management CO. LTD. cut its holdings in shares of Sea Limited (NYSE:SE) by 5.0% during the third quarter, Holdings Channel.com reports. The institutional investor owned 4,321 shares of the Internet company based in Singapore’s stock after selling 229 shares during the period. Asahi Life Asset Management CO. LTD.’s holdings in SEA were worth $407,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. SOA Wealth Advisors LLC. purchased a new stake in shares of SEA during the second quarter worth $32,000. Hexagon Capital Partners LLC increased its holdings in SEA by 63.1% during 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. Canton Hathaway LLC increased its holdings in SEA by 20.0% during the 2nd quarter. Canton Hathaway LLC now owns 1,200 shares of the Internet company based in Singapore’s stock worth $86,000 after purchasing an additional 200 shares during the period. Advisors Asset Management Inc. raised its position in SEA by 34.5% in the 1st quarter. Advisors Asset Management Inc. now owns 1,825 shares of the Internet company based in Singapore’s stock valued at $98,000 after purchasing an additional 468 shares in the last quarter. Finally, Point72 DIFC Ltd purchased a new position in shares of SEA in the 2nd quarter valued at about $100,000. Hedge funds and other institutional investors own 59.53% of the company’s stock.

SEA Price Performance

SEA stock traded up $1.35 during trading hours on Monday, reaching $100.50. 329,694 shares of the stock were exchanged, compared to its average volume of 5,462,964. The firm’s 50 day moving average is $88.56 and its 200 day moving average is $75.42. The company has a quick ratio of 1.48, a current ratio of 1.49 and a debt-to-equity ratio of 0.41. Sea Limited has a 52-week low of $34.35 and a 52-week high of $101.93.

SEA (NYSE:SE) last announced 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 business had revenue of $3.81 billion during the quarter, compared to analysts’ expectations of $3.73 billion. SEA had a negative net margin of 1.36% and a negative return on equity of 2.92%. SEA’s revenue for the quarter was up 23.0% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.54 EPS. On average, equities analysts forecast that Sea Limited will post 0.64 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on SE shares. Bank of America upped their target price on shares of SEA from $84.00 to $96.00 and gave the stock a “buy” rating in a research note on Monday, September 23rd. JPMorgan Chase & Co. upgraded shares of SEA from a “neutral” rating to an “overweight” rating and raised their price objective for the company from $66.00 to $90.00 in a report on Wednesday, August 14th. Benchmark boosted their target price on shares of SEA from $87.00 to $94.00 and gave the stock a “buy” rating in a research note on Wednesday, August 14th. TD Cowen raised their price target on SEA from $64.00 to $69.00 and gave the company a “hold” rating in a research note on Wednesday, August 14th. Finally, Wedbush reiterated an “outperform” rating and issued a $84.00 price objective (up previously from $76.00) on shares of SEA in a report on Tuesday, August 13th. Three research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock 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.