International Assets Investment Management LLC Makes New Investment in Sea Limited (NYSE:SE)

International Assets Investment Management LLC bought a new position in Sea Limited (NYSE:SE) during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 19,643 shares of the Internet company based in Singapore’s stock, valued at approximately $796,000.

Several other institutional investors also recently modified their holdings of SE. Baillie Gifford & Co. increased its holdings in SEA by 19.9% during the third quarter. Baillie Gifford & Co. now owns 26,137,417 shares of the Internet company based in Singapore’s stock worth $1,148,739,000 after buying an additional 4,341,424 shares during the last quarter. Sands Capital Management LLC increased its stake in shares of SEA by 3.5% during the 3rd quarter. Sands Capital Management LLC now owns 16,119,943 shares of the Internet company based in Singapore’s stock worth $708,471,000 after purchasing an additional 542,996 shares during the last quarter. Ward Ferry Management BVI Ltd raised its holdings in shares of SEA by 13.2% in the 3rd quarter. Ward Ferry Management BVI Ltd now owns 4,419,441 shares of the Internet company based in Singapore’s stock worth $194,234,000 after purchasing an additional 514,455 shares during the period. Kontiki Capital Management HK Ltd. lifted its stake in SEA by 19.2% in the third quarter. Kontiki Capital Management HK Ltd. now owns 3,796,957 shares of the Internet company based in Singapore’s stock valued at $166,876,000 after purchasing an additional 612,518 shares during the last quarter. Finally, Assenagon Asset Management S.A. grew its holdings in SEA by 12,344.0% during the fourth quarter. Assenagon Asset Management S.A. now owns 2,655,668 shares of the Internet company based in Singapore’s stock valued at $107,555,000 after purchasing an additional 2,634,327 shares during the period. 59.53% of the stock is owned by institutional investors.

SEA Stock Up 4.4 %

Shares of NYSE:SE opened at $62.03 on Wednesday. The company has a market cap of $35.03 billion, a price-to-earnings ratio of 258.46 and a beta of 1.50. Sea Limited has a one year low of $34.35 and a one year high of $88.39. The firm has a fifty day moving average price of $53.04 and a two-hundred day moving average price of $44.65. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.44 and a quick ratio of 1.43.

SEA (NYSE:SE) last posted 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). The business had revenue of $3.62 billion for the quarter, compared to the consensus estimate of $3.57 billion. SEA had a net margin of 1.27% and a return on equity of 2.54%. SEA’s quarterly revenue was up 5.7% on a year-over-year basis. During the same period in the prior year, the business posted $0.72 EPS. Analysts anticipate that Sea Limited will post 1.01 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the company. Sanford C. Bernstein upped their price target on SEA from $60.00 to $70.00 and gave the company an “outperform” rating in a research report on Thursday, March 14th. Barclays upped their price objective on shares of SEA from $59.00 to $68.00 and gave the company an “overweight” rating in a report on Tuesday, March 5th. HSBC lifted their target price on shares of SEA from $70.00 to $76.00 and gave the stock a “buy” rating in a research note on Tuesday, March 5th. Wedbush upped their price target on shares of SEA from $45.00 to $72.00 and gave the company an “outperform” rating in a research note on Tuesday, March 5th. Finally, JPMorgan Chase & Co. raised shares of SEA from a “neutral” rating to an “overweight” rating and raised their price objective for the stock from $43.00 to $70.00 in a report on Tuesday, March 5th. Three investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to MarketBeat, SEA has an average rating of “Moderate Buy” and a consensus target price of $68.31.

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.