ExodusPoint Capital Management LP Acquires 953 Shares of Sea Limited (NYSE:SE)

ExodusPoint Capital Management LP increased its stake in shares of Sea Limited (NYSE:SE) by 17.9% in the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 6,286 shares of the Internet company based in Singapore’s stock after buying an additional 953 shares during the period. ExodusPoint Capital Management LP’s holdings in SEA were worth $544,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the stock. Glassman Wealth Services grew its holdings in SEA by 120.1% during the first quarter. Glassman Wealth Services now owns 306 shares of the Internet company based in Singapore’s stock valued at $26,000 after purchasing an additional 167 shares during the period. RFP Financial Group LLC lifted its holdings in SEA by 1,304.2% during the first quarter. RFP Financial Group LLC now owns 337 shares of the Internet company based in Singapore’s stock valued at $29,000 after purchasing an additional 313 shares during the last quarter. Laffer Tengler Investments purchased a new stake in SEA during the first quarter valued at about $66,000. Pinnacle Holdings LLC purchased a new stake in SEA during the first quarter valued at about $68,000. Finally, Ronald Blue Trust Inc. lifted its holdings in SEA by 95.0% during the first quarter. Ronald Blue Trust Inc. now owns 708 shares of the Internet company based in Singapore’s stock valued at $37,000 after purchasing an additional 345 shares during the last quarter. Hedge funds and other institutional investors own 72.05% of the company’s stock.

SEA Stock Performance

NYSE SE opened at $39.23 on Thursday. Sea Limited has a 52-week low of $34.87 and a 52-week high of $88.84. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.73 and a current ratio of 1.75. The company has a market capitalization of $22.16 billion, a P/E ratio of 100.59 and a beta of 1.75. The company has a fifty day moving average of $52.47 and a 200-day moving average of $65.38.

SEA (NYSE:SE) last released its earnings results on Tuesday, August 15th. The Internet company based in Singapore reported $0.54 earnings per share for the quarter, missing analysts’ consensus estimates of $0.65 by ($0.11). The firm had revenue of $3.10 billion during the quarter, compared to the consensus estimate of $3.26 billion. SEA had a return on equity of 4.69% and a net margin of 2.17%. The business’s quarterly revenue was up 5.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($1.35) EPS. As a group, equities research analysts predict that Sea Limited will post 1.26 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on SE shares. CICC Research cut shares of SEA from an “outperform” rating to a “market perform” rating in a report on Friday, August 18th. JPMorgan Chase & Co. cut shares of SEA from an “overweight” rating to a “neutral” rating and set a $45.00 target price on the stock. in a report on Thursday, August 17th. Bank of America lowered their target price on shares of SEA from $73.00 to $53.00 and set a “neutral” rating on the stock in a report on Wednesday, August 16th. UBS Group raised shares of SEA from a “neutral” rating to a “buy” rating and increased their price target for the stock from $66.00 to $86.00 in a report on Monday, July 31st. Finally, TD Cowen cut their price objective on shares of SEA from $65.00 to $46.00 and set a “market perform” rating for the company in a research report on Tuesday, August 22nd. Nine research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $72.50.

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 eSports operations.