Desjardins Global Asset Management Inc. Decreases Position in Sea Limited (NYSE:SE)

Desjardins Global Asset Management Inc. reduced its stake in Sea Limited (NYSE:SE) by 68.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,860 shares of the Internet company based in Singapore’s stock after selling 6,082 shares during the quarter. Desjardins Global Asset Management Inc.’s holdings in SEA were worth $116,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. First Horizon Advisors Inc. lifted its position in shares of SEA by 135.7% in the first quarter. First Horizon Advisors Inc. now owns 495 shares of the Internet company based in Singapore’s stock valued at $43,000 after acquiring an additional 285 shares in the last quarter. Laffer Tengler Investments purchased a new stake in shares of SEA in the first quarter valued at $66,000. Tyler Stone Wealth Management purchased a new stake in shares of SEA in the second quarter valued at $33,000. Pinnacle Holdings LLC purchased a new stake in shares of SEA in the first quarter valued at $68,000. Finally, Sunbelt Securities Inc. lifted its position in shares of SEA by 91.4% in the third quarter. Sunbelt Securities Inc. now owns 670 shares of the Internet company based in Singapore’s stock valued at $29,000 after acquiring an additional 320 shares in the last quarter. 59.53% of the stock is currently owned by hedge funds and other institutional investors.

SEA Price Performance

SE stock opened at $55.06 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. Sea Limited has a 1 year low of $34.35 and a 1 year high of $88.39. The firm has a market cap of $31.10 billion, a P/E ratio of 229.42 and a beta of 1.50. The stock has a 50-day simple moving average of $52.72 and a 200-day simple moving average of $44.50.

SEA (NYSE:SE) last posted its earnings results on Monday, March 4th. The Internet company based in Singapore reported ($0.19) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.06) by ($0.13). SEA had a net margin of 1.27% and a return on equity of 2.54%. The company had revenue of $3.62 billion during the quarter, compared to analyst estimates of $3.57 billion. During the same quarter last year, the business posted $0.72 EPS. SEA’s quarterly revenue was up 5.7% compared to the same quarter last year. On average, equities analysts predict that Sea Limited will post 1.01 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms recently commented on SE. JPMorgan Chase & Co. upgraded SEA from a “neutral” rating to an “overweight” rating and upped their target price for the company from $43.00 to $70.00 in a research note on Tuesday, March 5th. Barclays upped their target price on SEA from $59.00 to $68.00 and gave the company an “overweight” rating in a research note on Tuesday, March 5th. Citigroup upgraded SEA from a “neutral” rating to a “buy” rating and upped their target price for the company from $44.00 to $50.00 in a research note on Thursday, February 1st. HSBC upped their target price on SEA from $70.00 to $76.00 and gave the company a “buy” rating in a research note on Tuesday, March 5th. Finally, Bank of America upped their target price on SEA from $46.00 to $55.00 and gave the company a “neutral” rating in a research note on Tuesday, March 5th. Five analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat, SEA presently has an average rating of “Moderate Buy” and an average target price of $66.77.

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 eSports operations.