Raymond James & Associates Has $9.27 Million Holdings in Sea Limited (NYSE:SE)

Raymond James & Associates lessened its position in shares of Sea Limited (NYSE:SE – Get Rating) by 2.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 178,107 shares of the Internet company based in Singapore’s stock after selling 4,008 shares during the period. Raymond James & Associates’ holdings in SEA were worth $9,267,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the company. Baillie Gifford & Co. increased its holdings in SEA by 21.2% during the 4th quarter. Baillie Gifford & Co. now owns 20,254,410 shares of the Internet company based in Singapore’s stock worth $1,053,837,000 after purchasing an additional 3,536,349 shares in the last quarter. BlackRock Inc. grew its holdings in shares of SEA by 2.1% in the 3rd quarter. BlackRock Inc. now owns 15,597,266 shares of the Internet company based in Singapore’s stock valued at $874,227,000 after acquiring an additional 317,841 shares in the last quarter. Tiger Global Management LLC grew its holdings in shares of SEA by 16.5% in the 3rd quarter. Tiger Global Management LLC now owns 9,553,864 shares of the Internet company based in Singapore’s stock valued at $535,494,000 after acquiring an additional 1,356,481 shares in the last quarter. Kora Management LP grew its holdings in shares of SEA by 5.6% in the 3rd quarter. Kora Management LP now owns 3,974,500 shares of the Internet company based in Singapore’s stock valued at $222,771,000 after acquiring an additional 210,800 shares in the last quarter. Finally, Artisan Partners Limited Partnership grew its holdings in shares of SEA by 17.1% in the 3rd quarter. Artisan Partners Limited Partnership now owns 3,951,224 shares of the Internet company based in Singapore’s stock valued at $221,466,000 after acquiring an additional 577,317 shares in the last quarter. Institutional investors own 74.92% of the company’s stock.

SEA Stock Down 3.1 %

NYSE SE opened at $70.16 on Friday. The company has a current ratio of 1.83, a quick ratio of 1.81 and a debt-to-equity ratio of 0.57. Sea Limited has a 1-year low of $40.67 and a 1-year high of $93.70. The company has a 50 day moving average of $80.30 and a 200-day moving average of $66.48.

SEA (NYSE:SE – Get Rating) last released its quarterly earnings results on Tuesday, May 16th. The Internet company based in Singapore reported $0.15 earnings per share for the quarter, missing analysts’ consensus estimates of $0.64 by ($0.49). SEA had a negative net margin of 7.83% and a negative return on equity of 14.97%. The business had revenue of $3.04 billion during the quarter, compared to analyst estimates of $3.04 billion. During the same quarter in the previous year, the firm posted ($1.04) earnings per share. The firm’s quarterly revenue was up 4.9% on a year-over-year basis. As a group, equities research analysts expect that Sea Limited will post 1.75 EPS for the current fiscal year.

Analysts Set New Price Targets

SE has been the subject of several analyst reports. UBS Group cut SEA from a “buy” rating to a “neutral” rating and decreased their price objective for the company from $105.00 to $92.00 in a report on Thursday, April 20th. Jefferies Financial Group raised their target price on shares of SEA from $104.00 to $115.00 and gave the company a “buy” rating in a research note on Tuesday, March 7th. Benchmark started coverage on shares of SEA in a research note on Thursday, April 20th. They issued a “buy” rating and a $105.00 target price for the company. The Goldman Sachs Group upgraded shares of SEA from a “buy” rating to a “conviction-buy” rating in a research note on Thursday, February 16th. Finally, TD Cowen raised their target price on shares of SEA from $60.00 to $64.00 and gave the company a “market perform” rating in a research note on Wednesday, March 8th. Seven analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $90.88.

SEA Profile

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Sea Ltd. is an internet and mobile platform company, which engages in the provision of online gaming services. It operates through the following segments: Digital Entertainment, E-Commerce, and Digital Financial Services. The Digital Entertainment segment offers and develops mobile and PC online games.