China Universal Asset Management Co. Ltd. Purchases 4,500 Shares of Sea Limited (NYSE:SE)

China Universal Asset Management Co. Ltd. raised its holdings in shares of Sea Limited (NYSE:SE) by 19.1% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 28,000 shares of the Internet company based in Singapore’s stock after acquiring an additional 4,500 shares during the quarter. China Universal Asset Management Co. Ltd.’s holdings in SEA were worth $2,971,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. SOA Wealth Advisors LLC. grew its holdings in SEA by 33.3% during the third quarter. SOA Wealth Advisors LLC. now owns 600 shares of the Internet company based in Singapore’s stock worth $57,000 after purchasing an additional 150 shares during the period. TD Private Client Wealth LLC lifted its stake in shares of SEA by 33.7% during the 3rd quarter. TD Private Client Wealth LLC now owns 603 shares of the Internet company based in Singapore’s stock worth $57,000 after buying an additional 152 shares during the last quarter. Ballentine Partners LLC boosted its holdings in shares of SEA by 5.6% during the 4th quarter. Ballentine Partners LLC now owns 2,970 shares of the Internet company based in Singapore’s stock worth $315,000 after buying an additional 158 shares during the period. Integrated Wealth Concepts LLC grew its stake in SEA by 2.6% in the 3rd quarter. Integrated Wealth Concepts LLC now owns 6,357 shares of the Internet company based in Singapore’s stock valued at $599,000 after buying an additional 160 shares during the last quarter. Finally, Moseley Investment Management Inc. raised its holdings in SEA by 4.3% in the 4th quarter. Moseley Investment Management Inc. now owns 3,870 shares of the Internet company based in Singapore’s stock valued at $411,000 after acquiring an additional 161 shares during the period. 59.53% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on SE. Benchmark boosted their price objective on SEA from $94.00 to $130.00 and gave the stock a “buy” rating in a report on Wednesday, November 13th. Dbs Bank raised shares of SEA from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, November 13th. Barclays raised their target price on shares of SEA from $94.00 to $131.00 and gave the stock an “overweight” rating in a report on Thursday, November 14th. TD Cowen raised their price objective on SEA from $69.00 to $100.00 and gave the stock a “hold” rating in a research note on Wednesday, November 13th. Finally, Phillip Securities reaffirmed a “reduce” rating and issued a $100.00 price objective (up from $80.00) on shares of SEA in a report on Tuesday, November 19th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $91.21.

SEA Price Performance

Shares of SE opened at $122.21 on Friday. The business has a 50-day simple moving average of $113.16 and a two-hundred day simple moving average of $95.40. The stock has a market cap of $69.94 billion, a PE ratio of 814.72 and a beta of 1.54. Sea Limited has a 12-month low of $38.10 and a 12-month high of $126.12. The company has a quick ratio of 1.60, a current ratio of 1.62 and a debt-to-equity ratio of 0.36.

SEA (NYSE:SE) last released its earnings results on Tuesday, November 12th. The Internet company based in Singapore reported $0.24 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.59 by ($0.35). SEA had a net margin of 0.64% and a return on equity of 1.40%. The firm had revenue of $4.33 billion during the quarter, compared to analyst estimates of $4.09 billion. During the same quarter in the previous year, the firm earned ($0.26) EPS. SEA’s quarterly revenue was up 30.8% on a year-over-year basis. Analysts anticipate that Sea Limited will post 0.8 earnings per share for the current fiscal year.

SEA Company 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.