Signaturefd LLC Sells 273 Shares of Sea Limited (NYSE:SE)

Signaturefd LLC lowered its holdings in shares of Sea Limited (NYSE:SE) by 5.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 4,473 shares of the Internet company based in Singapore’s stock after selling 273 shares during the quarter. Signaturefd LLC’s holdings in SEA were worth $181,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. Assenagon Asset Management S.A. raised its holdings 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 valued at $107,555,000 after purchasing an additional 2,634,327 shares in the last quarter. OVERSEA CHINESE BANKING Corp Ltd raised its holdings in SEA by 17.3% in 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 during the period. Untitled Investments LP raised its holdings in SEA by 56.1% in 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 during the period. Baillie Gifford & Co. raised its holdings in SEA by 30.8% in 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 during the period. Finally, Sunbelt Securities Inc. raised its holdings in SEA by 91.4% in 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 during the period. Institutional investors own 59.53% of the company’s stock.

SEA Price Performance

Shares of SEA stock opened at $62.86 on Friday. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.43 and a current ratio of 1.44. The firm’s 50-day simple moving average is $54.59 and its 200-day simple moving average is $45.19. Sea Limited has a twelve month low of $34.35 and a twelve month high of $88.39. The firm has a market cap of $35.50 billion, a P/E ratio of 261.92 and a beta of 1.50.

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

Analysts Set New Price Targets

Several brokerages recently commented on SE. Citigroup upgraded shares of SEA from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $44.00 to $50.00 in a report on Thursday, February 1st. Wedbush lifted their target price on shares of SEA from $45.00 to $72.00 and gave the stock an “outperform” rating in a report on Tuesday, March 5th. Benchmark lifted their target price on shares of SEA from $65.00 to $78.00 and gave the stock a “buy” rating in a report on Tuesday, March 5th. Daiwa Capital Markets upgraded shares of SEA from a “neutral” rating to a “buy” rating in a report on Friday, February 2nd. Finally, HSBC boosted their price objective on shares of SEA from $70.00 to $76.00 and gave the stock a “buy” rating in a report on Tuesday, March 5th. Three research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $70.00.

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 promotes eSports operations.