Robotti Robert Sells 5,000 Shares of Sea Limited (NYSE:SE)

Robotti Robert reduced its holdings in Sea Limited (NYSE:SE) by 16.7% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 25,000 shares of the Internet company based in Singapore’s stock after selling 5,000 shares during the quarter. Robotti Robert’s holdings in SEA were worth $2,164,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in SE. Norges Bank bought a new stake in SEA in the fourth quarter worth approximately $237,386,000. Baillie Gifford & Co. increased its holdings in 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 worth $1,903,356,000 after purchasing an additional 1,736,996 shares in the last quarter. Capital International Investors increased its holdings in shares of SEA by 92.1% during 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 acquiring an additional 1,638,408 shares in the last quarter. Altimeter Capital Management LP increased its holdings in shares of SEA by 128.0% during 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 acquiring an additional 1,600,000 shares in the last quarter. Finally, BSN CAPITAL PARTNERS Ltd bought a new stake in shares of SEA during the fourth quarter valued at approximately $68,520,000. 72.05% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

SE has been the subject of several recent research reports. TD Cowen decreased their price objective on SEA from $65.00 to $46.00 and set a “market perform” rating for the company in a report on Tuesday, August 22nd. HSBC boosted their price objective on SEA from $92.00 to $94.00 in a report on Wednesday, May 17th. Barclays decreased their price objective on SEA from $98.00 to $64.00 and set an “overweight” rating for the company in a report on Wednesday, August 16th. UBS Group upgraded SEA from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $66.00 to $86.00 in a report on Monday, July 31st. Finally, CICC Research downgraded SEA from an “outperform” rating to a “market perform” rating in a report on Friday, August 18th. 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 stock. According to data from MarketBeat.com, SEA has a consensus rating of “Moderate Buy” and a consensus target price of $72.50.

SEA Stock Performance

SE stock traded down $1.31 during midday trading on Friday, hitting $37.84. The company’s stock had a trading volume of 1,536,996 shares, compared to its average volume of 5,627,816. The stock’s 50-day moving average price is $52.12 and its 200 day moving average price is $65.19. The company has a quick ratio of 1.73, a current ratio of 1.75 and a debt-to-equity ratio of 0.51. Sea Limited has a 1 year low of $34.87 and a 1 year high of $88.84. The stock has a market cap of $21.37 billion, a price-to-earnings ratio of 100.37 and a beta of 1.75.

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

SEA Company 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.