Sea Limited (NYSE:SE) Stock Holdings Cut by Vontobel Holding Ltd.

Vontobel Holding Ltd. reduced its position in shares of Sea Limited (NYSE:SE) by 22.2% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 51,654 shares of the Internet company based in Singapore’s stock after selling 14,762 shares during the quarter. Vontobel Holding Ltd.’s holdings in SEA were worth $2,092,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in SE. Assenagon Asset Management S.A. boosted its stake in shares of SEA by 12,344.0% during the 4th quarter. Assenagon Asset Management S.A. now owns 2,655,668 shares of the Internet company based in Singapore’s stock worth $107,555,000 after acquiring an additional 2,634,327 shares in the last quarter. OVERSEA CHINESE BANKING Corp Ltd boosted its stake in shares of SEA by 17.3% during the 3rd quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 1,510,835 shares of the Internet company based in Singapore’s stock worth $66,411,000 after acquiring an additional 222,777 shares in the last quarter. Untitled Investments LP boosted its stake in shares of SEA by 56.1% during the 3rd quarter. Untitled Investments LP now owns 284,493 shares of the Internet company based in Singapore’s stock worth $12,503,000 after acquiring an additional 102,280 shares in the last quarter. Baillie Gifford & Co. boosted its stake in shares of SEA by 30.8% during the 4th quarter. Baillie Gifford & Co. now owns 34,183,394 shares of the Internet company based in Singapore’s stock worth $1,384,427,000 after acquiring an additional 8,045,977 shares in the last quarter. Finally, Sunbelt Securities Inc. boosted its stake in shares of SEA by 91.4% during the 3rd quarter. Sunbelt Securities Inc. now owns 670 shares of the Internet company based in Singapore’s stock worth $29,000 after acquiring an additional 320 shares in the last quarter. 59.53% of the stock is owned by institutional investors.

SEA Price Performance

Shares of NYSE:SE opened at $56.31 on Friday. The company has a current ratio of 1.44, a quick ratio of 1.43 and a debt-to-equity ratio of 0.46. Sea Limited has a 1 year low of $34.35 and a 1 year high of $88.39. The business has a fifty day simple moving average of $52.49 and a 200 day simple moving average of $44.42. The firm has a market cap of $31.80 billion, a price-to-earnings ratio of 234.63 and a beta of 1.50.

SEA (NYSE:SE) last announced its quarterly earnings data on Monday, March 4th. The Internet company based in Singapore reported ($0.19) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.06) by ($0.13). SEA had a return on equity of 2.54% and a net margin of 1.27%. The firm had revenue of $3.62 billion for the quarter, compared to analysts’ expectations of $3.57 billion. During the same quarter in the prior year, the business posted $0.72 earnings per share. SEA’s revenue was up 5.7% on a year-over-year basis. As a group, sell-side analysts predict that Sea Limited will post 1.01 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on SE. Bank of America raised their price objective on SEA from $46.00 to $55.00 and gave the stock a “neutral” rating in a research note on Tuesday, March 5th. Sanford C. Bernstein raised their target price on SEA from $60.00 to $70.00 and gave the stock an “outperform” rating in a research report on Thursday, March 14th. Morgan Stanley raised their target price on SEA from $47.00 to $65.00 and gave the stock an “equal weight” rating in a research report on Wednesday, March 6th. Benchmark raised their target price on SEA from $65.00 to $78.00 and gave the stock a “buy” rating in a research report on Tuesday, March 5th. Finally, Citigroup raised SEA from a “neutral” rating to a “buy” rating and raised their target price for the stock from $44.00 to $50.00 in a research report on Thursday, February 1st. Five research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $66.77.

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.