ProShare Advisors LLC Sells 15,421 Shares of Sea Limited (NYSE:SE)

ProShare Advisors LLC decreased its position in Sea Limited (NYSE:SE) by 29.2% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 37,316 shares of the Internet company based in Singapore’s stock after selling 15,421 shares during the period. ProShare Advisors LLC’s holdings in SEA were worth $2,665,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Baillie Gifford & Co. lifted its holdings in shares of SEA by 0.4% during the second quarter. Baillie Gifford & Co. now owns 34,268,428 shares of the Internet company based in Singapore’s stock valued at $2,447,451,000 after purchasing an additional 148,980 shares in the last quarter. Kora Management LP raised its position in SEA by 9.4% in the 1st quarter. Kora Management LP now owns 4,637,500 shares of the Internet company based in Singapore’s stock worth $249,080,000 after buying an additional 400,000 shares during the last quarter. Kontiki Capital Management HK Ltd. raised its position in SEA by 1.9% in the 1st quarter. Kontiki Capital Management HK Ltd. now owns 3,744,416 shares of the Internet company based in Singapore’s stock worth $201,113,000 after buying an additional 68,900 shares during the last quarter. Prudential PLC lifted its stake in SEA by 6.7% during the 2nd quarter. Prudential PLC now owns 3,649,862 shares of the Internet company based in Singapore’s stock valued at $260,673,000 after acquiring an additional 229,500 shares during the period. Finally, Sylebra Capital LLC boosted its holdings in shares of SEA by 22.4% during the 1st quarter. Sylebra Capital LLC now owns 1,833,580 shares of the Internet company based in Singapore’s stock valued at $98,482,000 after acquiring an additional 335,588 shares during the last quarter. 59.53% of the stock is owned by hedge funds and other institutional investors.

SEA Stock Down 0.6 %

SE stock opened at $94.25 on Friday. The business’s 50-day moving average price is $76.23 and its 200-day moving average price is $69.33. 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. Sea Limited has a twelve month low of $34.35 and a twelve month high of $96.09.

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

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on SE. Wedbush restated an “outperform” rating and set a $84.00 price objective (up previously from $76.00) on shares of SEA in a research report on Tuesday, August 13th. Dbs Bank reissued a “hold” rating and set a $75.00 price target on shares of SEA in a report on Friday, June 28th. Bank of America raised their price target on SEA from $84.00 to $96.00 and gave the stock a “buy” rating in a research note on Monday, September 23rd. Loop Capital upped 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. Finally, Barclays increased their target price on SEA from $87.00 to $94.00 and gave the company an “overweight” rating in a report on Thursday, August 15th. Three equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $80.92.

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.