Sea Limited (NYSE:SE) Position Trimmed by US Bancorp DE

US Bancorp DE trimmed its holdings in shares of Sea Limited (NYSE:SE – Get Rating) by 48.5% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 8,951 shares of the Internet company based in Singapore’s stock after selling 8,438 shares during the period. US Bancorp DE’s holdings in SEA were worth $503,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in the business. Van ECK Associates Corp boosted its holdings in SEA by 22.2% during the third quarter. Van ECK Associates Corp now owns 635,335 shares of the Internet company based in Singapore’s stock worth $35,611,000 after buying an additional 115,265 shares in the last quarter. Prospera Financial Services Inc boosted its holdings in SEA by 11.6% during the third quarter. Prospera Financial Services Inc now owns 3,757 shares of the Internet company based in Singapore’s stock worth $210,000 after buying an additional 391 shares in the last quarter. Assenagon Asset Management S.A. boosted its holdings in SEA by 1.4% during the third quarter. Assenagon Asset Management S.A. now owns 53,794 shares of the Internet company based in Singapore’s stock worth $3,015,000 after buying an additional 724 shares in the last quarter. Truist Financial Corp boosted its stake in SEA by 2.9% in the 3rd quarter. Truist Financial Corp now owns 9,652 shares of the Internet company based in Singapore’s stock worth $541,000 after purchasing an additional 274 shares during the period. Finally, Desjardins Global Asset Management Inc. boosted its stake in SEA by 1,172.0% in the 3rd quarter. Desjardins Global Asset Management Inc. now owns 4,185 shares of the Internet company based in Singapore’s stock worth $235,000 after purchasing an additional 3,856 shares during the period. 74.92% of the stock is currently owned by institutional investors.

SEA Stock Up 7.4 %

SEA stock opened at $65.86 on Monday. The company has a market capitalization of $36.73 billion, a P/E ratio of -13.58 and a beta of 1.58. The firm’s fifty day simple moving average is $56.53 and its 200-day simple moving average is $61.00. The company has a current ratio of 1.78, a quick ratio of 1.77 and a debt-to-equity ratio of 0.84. Sea Limited has a 1-year low of $40.67 and a 1-year high of $175.36.

SEA (NYSE:SE – Get Rating) last released its quarterly earnings results on Tuesday, November 15th. The Internet company based in Singapore reported ($1.02) earnings per share for the quarter, beating analysts’ consensus estimates of ($1.28) by $0.26. The business had revenue of $2.93 billion for the quarter, compared to the consensus estimate of $3.06 billion. SEA had a negative net margin of 22.08% and a negative return on equity of 41.82%. Sell-side analysts forecast that Sea Limited will post -4.49 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the stock. Morgan Stanley decreased their price objective on shares of SEA from $116.00 to $95.00 and set an “overweight” rating for the company in a research note on Thursday, November 17th. JPMorgan Chase & Co. raised their price objective on shares of SEA from $70.00 to $75.00 in a research note on Wednesday, November 16th. Cowen lowered shares of SEA from an “outperform” rating to a “market perform” rating and decreased their price objective for the stock from $72.00 to $60.00 in a research note on Monday, November 21st. China Renaissance decreased their price objective on shares of SEA from $100.00 to $94.00 in a research note on Tuesday, November 1st. Finally, Bank of America lowered shares of SEA from a “buy” rating to a “neutral” rating and decreased their price objective for the stock from $74.00 to $60.00 in a research note on Monday, January 9th. Four equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat, SEA presently has a consensus rating of “Moderate Buy” and a consensus target price of $122.43.

About SEA

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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; and access to other entertainment content, including livestreaming of gameplay and social features, such as user chat and online forums.