Sea Limited (NYSE:SE) Shares Sold by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. cut its holdings in shares of Sea Limited (NYSE:SEGet Rating) by 62.1% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 243,261 shares of the Internet company based in Singapore’s stock after selling 399,094 shares during the quarter. Mirae Asset Global Investments Co. Ltd.’s holdings in SEA were worth $29,140,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of SE. Allworth Financial LP acquired a new position in SEA during the first quarter worth about $30,000. San Luis Wealth Advisors LLC acquired a new position in SEA in the 1st quarter valued at about $45,000. Desjardins Global Asset Management Inc. acquired a new position in SEA in the 1st quarter valued at about $49,000. McIlrath & Eck LLC boosted its holdings in SEA by 110.3% in the 1st quarter. McIlrath & Eck LLC now owns 488 shares of the Internet company based in Singapore’s stock valued at $58,000 after purchasing an additional 256 shares during the last quarter. Finally, Laffer Tengler Investments acquired a new position in SEA in the 1st quarter valued at about $66,000. 71.15% of the stock is currently owned by institutional investors and hedge funds.

SEA Trading Down 2.9 %

NYSE SE opened at $59.01 on Friday. The company has a quick ratio of 1.91, a current ratio of 1.92 and a debt-to-equity ratio of 0.77. Sea Limited has a 52 week low of $54.06 and a 52 week high of $372.70. The stock has a market capitalization of $32.91 billion, a PE ratio of -12.07 and a beta of 1.65. The firm has a 50 day moving average of $71.67 and a two-hundred day moving average of $84.10.

SEA (NYSE:SEGet Rating) last posted its quarterly earnings results on Tuesday, August 16th. The Internet company based in Singapore reported ($1.35) EPS for the quarter, missing the consensus estimate of ($1.18) by ($0.17). SEA had a negative return on equity of 37.42% and a negative net margin of 22.97%. The firm had revenue of $2.94 billion for the quarter, compared to analyst estimates of $3.03 billion. During the same quarter last year, the firm earned ($0.83) EPS. The company’s revenue was up 29.0% on a year-over-year basis. As a group, research analysts expect that Sea Limited will post -5.16 EPS for the current fiscal year.

Analyst Ratings Changes

SE has been the topic of several recent analyst reports. Citigroup decreased their target price on shares of SEA from $145.00 to $129.00 and set a “buy” rating on the stock in a report on Wednesday, August 17th. Daiwa Capital Markets downgraded shares of SEA from a “buy” rating to a “neutral” rating in a research note on Wednesday, August 17th. Stifel Nicolaus reduced their price target on shares of SEA from $105.00 to $95.00 and set a “buy” rating on the stock in a research note on Wednesday, August 17th. Barclays reduced their price target on shares of SEA from $125.00 to $114.00 and set an “overweight” rating on the stock in a research note on Thursday, August 18th. Finally, Bank of America reduced their price target on shares of SEA from $115.00 to $105.00 in a research note on Wednesday, August 17th. Three equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $184.25.

About SEA

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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 eSports operations; and access to other entertainment content, including livestreaming of gameplay and social features, such as user chat and online forums.

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Institutional Ownership by Quarter for SEA (NYSE:SE)

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