Baader Bank Aktiengesellschaft Decreases Position in Sea Limited (NYSE:SE)

Baader Bank Aktiengesellschaft lowered its position in Sea Limited (NYSE:SE) by 12.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 6,500 shares of the Internet company based in Singapore’s stock after selling 899 shares during the quarter. Baader Bank Aktiengesellschaft’s holdings in SEA were worth $690,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Kaizen Investment Management Pte. Ltd. acquired a new stake in shares of SEA during the third quarter valued at $587,544,000. WCM Investment Management LLC boosted its stake in shares of SEA by 35.9% during the 3rd quarter. WCM Investment Management LLC now owns 20,902,378 shares of the Internet company based in Singapore’s stock worth $1,971,303,000 after purchasing an additional 5,517,559 shares during the last quarter. Baillie Gifford & Co. grew its holdings in shares of SEA by 15.5% during the third quarter. Baillie Gifford & Co. now owns 39,564,018 shares of the Internet company based in Singapore’s stock worth $3,730,096,000 after buying an additional 5,295,590 shares in the last quarter. Perpetual Ltd lifted its stake in shares of SEA by 3,033.0% during the fourth quarter. Perpetual Ltd now owns 2,098,003 shares of the Internet company based in Singapore’s stock valued at $222,598,000 after buying an additional 2,031,038 shares during the period. Finally, CoreView Capital Management Ltd lifted its stake in shares of SEA by 341.1% during the third quarter. CoreView Capital Management Ltd now owns 1,996,376 shares of the Internet company based in Singapore’s stock valued at $188,218,000 after buying an additional 1,543,743 shares during the period. Institutional investors and hedge funds own 59.53% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the company. Phillip Securities reiterated a “reduce” rating and set a $100.00 target price (up from $80.00) on shares of SEA in a research report on Tuesday, November 19th. Wedbush reissued an “outperform” rating and issued a $105.00 target price (up from $84.00) on shares of SEA in a research report on Monday, November 4th. Benchmark increased their price target on shares of SEA from $94.00 to $130.00 and gave the stock a “buy” rating in a research note on Wednesday, November 13th. Dbs Bank raised shares of SEA from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, November 13th. Finally, TD Cowen increased their target price on SEA from $69.00 to $100.00 and gave the stock a “hold” rating in a research report on Wednesday, November 13th. One investment analyst has rated the stock with a sell rating, two have given a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $91.21.

SEA Price Performance

SE opened at $123.45 on Friday. Sea Limited has a twelve month low of $38.10 and a twelve month high of $125.69. The company has a current ratio of 1.62, a quick ratio of 1.60 and a debt-to-equity ratio of 0.36. The firm has a market cap of $70.66 billion, a price-to-earnings ratio of 823.03 and a beta of 1.54. The company has a fifty day simple moving average of $112.98 and a 200 day simple moving average of $95.05.

SEA (NYSE:SE) last announced its earnings results on Tuesday, November 12th. The Internet company based in Singapore reported $0.24 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.59 by ($0.35). The business had revenue of $4.33 billion for the quarter, compared to analysts’ expectations of $4.09 billion. SEA had a return on equity of 1.40% and a net margin of 0.64%. The firm’s revenue was up 30.8% compared to the same quarter last year. During the same period in the previous year, the firm posted ($0.26) earnings per share. Equities research analysts expect that Sea Limited will post 0.8 EPS for the current fiscal year.

SEA Profile

Sea Ltd. is an internet and mobile platform company, which engages in the provision of online gaming services. It operates through the following segments: Digital Entertainment, E-Commerce, and Digital Financial Services. The Digital Entertainment segment offers and develops mobile and PC online games.