Point72 DIFC Ltd Makes New Investment in Sea Limited (NYSE:SE)

Point72 DIFC Ltd purchased a new stake in Sea Limited (NYSE:SE) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 1,393 shares of the Internet company based in Singapore’s stock, valued at approximately $100,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. SOA Wealth Advisors LLC. acquired a new position in shares of SEA in the 2nd quarter valued at $32,000. GAMMA Investing LLC grew its stake in SEA by 121.3% in the first quarter. GAMMA Investing LLC now owns 613 shares of the Internet company based in Singapore’s stock valued at $33,000 after acquiring an additional 336 shares during the period. Hexagon Capital Partners LLC increased its holdings in shares of SEA by 63.1% in the second quarter. Hexagon Capital Partners LLC now owns 654 shares of the Internet company based in Singapore’s stock worth $47,000 after acquiring an additional 253 shares in the last quarter. UMB Bank n.a. lifted its holdings in shares of SEA by 50.8% during the 1st quarter. UMB Bank n.a. now owns 1,188 shares of the Internet company based in Singapore’s stock valued at $64,000 after purchasing an additional 400 shares in the last quarter. Finally, Lindbrook Capital LLC grew its position in shares of SEA by 78.8% in the 1st quarter. Lindbrook Capital LLC now owns 1,198 shares of the Internet company based in Singapore’s stock valued at $64,000 after purchasing an additional 528 shares during the period. 59.53% of the stock is currently owned by institutional investors.

SEA Trading Down 0.6 %

Shares of SEA stock opened at $94.25 on Friday. Sea Limited has a 12-month low of $34.35 and a 12-month high of $96.09. The stock has a market cap of $53.94 billion, a P/E ratio of 1,885.00 and a beta of 1.51. The company has a quick ratio of 1.48, a current ratio of 1.49 and a debt-to-equity ratio of 0.41. The business’s 50 day moving average is $76.23 and its 200-day moving average is $69.33.

SEA (NYSE:SE) last announced its quarterly earnings data on Tuesday, August 13th. The Internet company based in Singapore reported $0.14 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.59 by ($0.45). SEA had a negative return on equity of 2.92% and a negative net margin of 1.36%. The company had revenue of $3.81 billion for the quarter, compared to the consensus estimate of $3.73 billion. During the same quarter in the prior year, the company earned $0.54 EPS. The company’s revenue for the quarter was up 23.0% on a year-over-year basis. Equities research analysts predict that Sea Limited will post 0.64 earnings per share for the current fiscal year.

Analysts Set New Price Targets

SE has been the subject of several research analyst reports. Loop Capital boosted their price objective on SEA from $92.00 to $94.00 and gave the company a “buy” rating in a research report on Monday, June 10th. Citigroup decreased their price objective on SEA from $81.00 to $80.00 and set a “buy” rating for the company in a research report on Tuesday, July 23rd. Benchmark boosted their price objective on SEA from $87.00 to $94.00 and gave the company a “buy” rating in a research report on Wednesday, August 14th. Wedbush reiterated an “outperform” rating and issued a $84.00 price objective (up from $76.00) on shares of SEA in a research report on Tuesday, August 13th. Finally, TD Cowen boosted their price objective on SEA from $64.00 to $69.00 and gave the company a “hold” rating in a research report on Wednesday, August 14th. Three analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat.com, SEA presently has an average rating of “Moderate Buy” and an average target price of $80.92.

SEA 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.