Sea Limited (NYSE:SE) is ShawSpring Partners LLC’s 2nd Largest Position

ShawSpring Partners LLC lessened its holdings in shares of Sea Limited (NYSE:SE) by 32.6% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 1,843,068 shares of the Internet company based in Singapore’s stock after selling 889,977 shares during the quarter. SEA makes up approximately 21.0% of ShawSpring Partners LLC’s portfolio, making the stock its 2nd largest holding. ShawSpring Partners LLC owned 0.33% of SEA worth $159,518,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in SE. Norges Bank bought a new position in SEA during the fourth quarter valued at approximately $237,386,000. Baillie Gifford & Co. raised its position in shares of SEA by 8.6% in the first quarter. Baillie Gifford & Co. now owns 21,991,406 shares of the Internet company based in Singapore’s stock valued at $1,903,356,000 after purchasing an additional 1,736,996 shares during the period. Capital International Investors raised its position in shares of SEA by 92.1% in the first quarter. Capital International Investors now owns 3,418,102 shares of the Internet company based in Singapore’s stock valued at $409,473,000 after purchasing an additional 1,638,408 shares during the period. Altimeter Capital Management LP raised its position in shares of SEA by 128.0% in the first quarter. Altimeter Capital Management LP now owns 2,850,000 shares of the Internet company based in Singapore’s stock valued at $131,784,000 after purchasing an additional 1,600,000 shares during the period. Finally, BSN CAPITAL PARTNERS Ltd bought a new position in shares of SEA in the fourth quarter valued at approximately $68,520,000. Institutional investors own 72.05% of the company’s stock.

SEA Price Performance

Shares of NYSE:SE traded up $2.47 on Wednesday, hitting $39.78. The stock had a trading volume of 5,491,025 shares, compared to its average volume of 5,615,086. The firm’s 50 day moving average price is $52.83 and its 200-day moving average price is $65.56. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.73 and a current ratio of 1.75. Sea Limited has a twelve month low of $34.87 and a twelve month high of $88.84. The company has a market capitalization of $22.47 billion, a price-to-earnings ratio of 100.69 and a beta of 1.75.

SEA (NYSE:SE) last issued its quarterly earnings results on Tuesday, August 15th. The Internet company based in Singapore reported $0.54 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.65 by ($0.11). The company had revenue of $3.10 billion for the quarter, compared to analyst estimates of $3.26 billion. SEA had a return on equity of 4.69% and a net margin of 2.17%. The firm’s quarterly revenue was up 5.2% on a year-over-year basis. During the same quarter last year, the company earned ($1.35) EPS. On average, equities research analysts predict that Sea Limited will post 1.26 earnings per share for the current year.

Analysts Set New Price Targets

SE has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. lowered shares of SEA from an “overweight” rating to a “neutral” rating and set a $45.00 price target on the stock. in a research report on Thursday, August 17th. KGI Securities downgraded shares of SEA from an “outperform” rating to a “neutral” rating and set a $42.00 price objective on the stock. in a research note on Thursday, August 24th. Wedbush restated an “outperform” rating and issued a $48.00 price objective on shares of SEA in a research note on Thursday, August 31st. CICC Research downgraded shares of SEA from an “outperform” rating to a “market perform” rating in a research note on Friday, August 18th. Finally, TD Cowen lowered their price objective on shares of SEA from $65.00 to $46.00 and set a “market perform” rating on the stock in a research note on Tuesday, August 22nd. Nine investment analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $72.50.

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.