Sea Limited (NYSE:SE) Position Trimmed by Tokio Marine Asset Management Co. Ltd.

Tokio Marine Asset Management Co. Ltd. lowered its stake in Sea Limited (NYSE:SE) by 22.9% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 18,650 shares of the Internet company based in Singapore’s stock after selling 5,550 shares during the period. Tokio Marine Asset Management Co. Ltd.’s holdings in SEA were worth $1,758,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the stock. Rosenberg Matthew Hamilton grew its holdings in shares of SEA by 213.7% in the 3rd quarter. Rosenberg Matthew Hamilton now owns 298 shares of the Internet company based in Singapore’s stock worth $28,000 after acquiring an additional 203 shares during the last quarter. SOA Wealth Advisors LLC. acquired a new stake in SEA during the 2nd quarter worth about $32,000. Hexagon Capital Partners LLC lifted its stake in SEA by 63.1% during the second quarter. Hexagon Capital Partners LLC now owns 654 shares of the Internet company based in Singapore’s stock valued at $47,000 after buying an additional 253 shares in the last quarter. Canton Hathaway LLC boosted its holdings in shares of SEA by 20.0% in the second quarter. Canton Hathaway LLC now owns 1,200 shares of the Internet company based in Singapore’s stock worth $86,000 after buying an additional 200 shares during the period. Finally, Advisors Asset Management Inc. increased its position in shares of SEA by 34.5% in the first quarter. Advisors Asset Management Inc. now owns 1,825 shares of the Internet company based in Singapore’s stock worth $98,000 after acquiring an additional 468 shares in the last quarter. Institutional investors own 59.53% of the company’s stock.

SEA Stock Down 1.6 %

SE stock opened at $103.32 on Friday. The firm has a market cap of $59.13 billion, a PE ratio of 688.80 and a beta of 1.52. Sea Limited has a 1 year low of $34.35 and a 1 year high of $117.52. The company has a fifty day simple moving average of $93.42 and a 200 day simple moving average of $79.05. The company has a current ratio of 1.62, a quick ratio of 1.48 and a debt-to-equity ratio of 0.36.

SEA (NYSE:SE) last released its quarterly earnings results 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 return on equity of 1.40% and a net margin of 0.64%. The company had revenue of $4.33 billion for the quarter, compared to the consensus estimate of $4.09 billion. During the same quarter last year, the company posted ($0.26) EPS. The business’s revenue was up 30.8% compared to the same quarter last year. Sell-side analysts anticipate that Sea Limited will post 0.8 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on SE shares. Citigroup decreased their price objective on shares of SEA from $81.00 to $80.00 and set a “buy” rating for the company in a research note on Tuesday, July 23rd. JPMorgan Chase & Co. raised SEA from a “neutral” rating to an “overweight” rating and raised their target price for the stock from $66.00 to $90.00 in a research report on Wednesday, August 14th. Wedbush reissued an “outperform” rating and set a $105.00 price target (up from $84.00) on shares of SEA in a research report on Monday, November 4th. Benchmark raised their price objective on SEA from $94.00 to $130.00 and gave the stock a “buy” rating in a research report on Wednesday. Finally, Barclays upped their target price on SEA from $94.00 to $131.00 and gave the company an “overweight” rating in a report on Thursday. Two investment analysts have rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $90.54.

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.