Two Sigma Advisers LP Has $40.46 Million Stock Position in Sea Limited (NYSE:SE)

Two Sigma Advisers LP reduced its holdings in Sea Limited (NYSE:SE) by 35.3% in the 4th quarter, HoldingsChannel reports. The fund owned 381,300 shares of the Internet company based in Singapore’s stock after selling 208,300 shares during the period. Two Sigma Advisers LP’s holdings in SEA were worth $40,456,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Private Trust Co. NA increased its position in SEA by 474.4% in the 4th quarter. Private Trust Co. NA now owns 247 shares of the Internet company based in Singapore’s stock valued at $26,000 after acquiring an additional 204 shares during the period. Kestra Investment Management LLC acquired a new stake in shares of SEA during the fourth quarter worth $34,000. Farther Finance Advisors LLC increased its position in shares of SEA by 43.8% during the fourth quarter. Farther Finance Advisors LLC now owns 368 shares of the Internet company based in Singapore’s stock worth $39,000 after buying an additional 112 shares during the period. Banque Transatlantique SA acquired a new stake in shares of SEA during the fourth quarter worth $39,000. Finally, Huntington National Bank increased its position in shares of SEA by 783.6% during the fourth quarter. Huntington National Bank now owns 486 shares of the Internet company based in Singapore’s stock worth $52,000 after buying an additional 431 shares during the period. 59.53% of the stock is currently owned by institutional investors and hedge funds.

SEA Trading Up 0.7%

NYSE:SE opened at $162.61 on Tuesday. 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 stock has a market capitalization of $95.80 billion, a price-to-earnings ratio of 1,084.07 and a beta of 1.70. The firm has a fifty day simple moving average of $129.99 and a two-hundred day simple moving average of $121.32. Sea Limited has a 12 month low of $55.00 and a 12 month high of $165.31.

SEA (NYSE:SE) last posted its quarterly earnings results on Tuesday, May 13th. The Internet company based in Singapore reported $0.65 EPS for the quarter, missing analysts’ consensus estimates of $0.93 by ($0.28). The company had revenue of $4.84 billion during the quarter, compared to analyst estimates of $4.90 billion. SEA had a return on equity of 1.40% and a net margin of 0.64%. The company’s revenue for the quarter was up 29.6% compared to the same quarter last year. During the same quarter in the previous year, the business posted ($0.04) earnings per share. Analysts expect that Sea Limited will post 0.74 EPS for the current fiscal year.

Analyst Ratings Changes

SE has been the subject of several recent analyst reports. Barclays increased their price objective on shares of SEA from $182.00 to $200.00 and gave the stock an “overweight” rating in a research report on Thursday, May 15th. JPMorgan Chase & Co. upgraded shares of SEA from a “neutral” rating to an “overweight” rating and increased their price objective for the stock from $135.00 to $190.00 in a research report on Tuesday, May 13th. Sanford C. Bernstein reiterated an “outperform” rating and set a $170.00 price objective on shares of SEA in a research report on Wednesday, May 14th. Bank of America cut shares of SEA from a “buy” rating to a “neutral” rating and set a $160.00 price objective for the company. in a research report on Friday, May 9th. Finally, Benchmark increased their target price on shares of SEA from $150.00 to $180.00 and gave the stock a “buy” rating in a research note on Wednesday, May 14th. Three equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, SEA has a consensus rating of “Moderate Buy” and a consensus price target of $145.23.

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.