XTX Topco Ltd Sells 12,453 Shares of Sea Limited (NYSE:SE)

XTX Topco Ltd trimmed its holdings in Sea Limited (NYSE:SE) by 81.4% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 2,841 shares of the Internet company based in Singapore’s stock after selling 12,453 shares during the period. XTX Topco Ltd’s holdings in SEA were worth $203,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently modified their holdings of the business. Baillie Gifford & Co. increased its stake in SEA by 0.4% during the 2nd quarter. Baillie Gifford & Co. now owns 34,268,428 shares of the Internet company based in Singapore’s stock worth $2,447,451,000 after purchasing an additional 148,980 shares in the last quarter. Kora Management LP increased its position in shares of SEA by 9.4% during the first quarter. Kora Management LP now owns 4,637,500 shares of the Internet company based in Singapore’s stock worth $249,080,000 after acquiring an additional 400,000 shares in the last quarter. Kontiki Capital Management HK Ltd. lifted 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 valued at $201,113,000 after acquiring an additional 68,900 shares in the last quarter. Prudential PLC boosted its stake in SEA by 6.7% in the 2nd quarter. Prudential PLC now owns 3,649,862 shares of the Internet company based in Singapore’s stock worth $260,673,000 after purchasing an additional 229,500 shares during the period. Finally, Sylebra Capital LLC increased its holdings in 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 worth $98,482,000 after purchasing an additional 335,588 shares in the last quarter. 59.53% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts have recently commented on SE shares. Dbs Bank reaffirmed a “hold” rating and set a $75.00 price objective on shares of SEA in a research report on Friday, June 28th. Loop Capital raised their price target on shares of SEA from $92.00 to $94.00 and gave the stock a “buy” rating in a research note on Monday, June 10th. Wedbush reissued an “outperform” rating and issued a $84.00 price objective (up previously from $76.00) on shares of SEA in a research report on Tuesday, August 13th. Barclays raised their target price on shares of SEA from $87.00 to $94.00 and gave the company an “overweight” rating in a research report on Thursday, August 15th. Finally, TD Cowen boosted their price target on shares of SEA from $64.00 to $69.00 and gave the stock a “hold” rating in a research report on Wednesday, August 14th. Three equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $80.92.

SEA Trading Down 0.5 %

Shares of NYSE:SE opened at $94.31 on Monday. Sea Limited has a 52-week low of $34.35 and a 52-week high of $96.09. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.48 and a current ratio of 1.49. The company has a market capitalization of $53.98 billion, a P/E ratio of 1,886.20 and a beta of 1.51. The company has a 50-day simple moving average of $76.23 and a 200 day simple moving average of $69.48.

SEA (NYSE:SE) last released 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 net margin of 1.36% and a negative return on equity of 2.92%. The business had revenue of $3.81 billion during the quarter, compared to analyst estimates of $3.73 billion. During the same period in the previous year, the business earned $0.54 earnings per share. The business’s quarterly revenue was up 23.0% on a year-over-year basis. Sell-side analysts forecast that Sea Limited will post 0.64 earnings per share for the current year.

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.