Wasatch Advisors LP Buys 102,272 Shares of Sea Limited (NYSE:SE)

Wasatch Advisors LP increased its position in Sea Limited (NYSE:SE) by 15.0% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 782,277 shares of the Internet company based in Singapore’s stock after purchasing an additional 102,272 shares during the period. Wasatch Advisors LP owned approximately 0.14% of SEA worth $67,706,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Baillie Gifford & Co. raised its stake 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 worth $1,903,356,000 after purchasing an additional 1,736,996 shares during the last quarter. Sands Capital Management LLC increased its holdings in SEA by 4.5% in the 1st quarter. Sands Capital Management LLC now owns 15,709,367 shares of the Internet company based in Singapore’s stock worth $1,359,646,000 after buying an additional 673,845 shares in the last quarter. BlackRock Inc. raised its position in SEA by 1.6% in the 1st quarter. BlackRock Inc. now owns 15,214,991 shares of the Internet company based in Singapore’s stock worth $1,316,857,000 after buying an additional 245,289 shares during the last quarter. Norges Bank bought a new position in SEA during the 4th quarter valued at about $237,386,000. Finally, Ward Ferry Management BVI Ltd lifted its stake in SEA by 8.8% during the 4th quarter. Ward Ferry Management BVI Ltd now owns 3,585,797 shares of the Internet company based in Singapore’s stock valued at $186,569,000 after acquiring an additional 291,300 shares during the period. 72.05% of the stock is owned by hedge funds and other institutional investors.

SEA Price Performance

SE stock traded down $1.53 during midday trading on Friday, hitting $37.62. The company’s stock had a trading volume of 887,933 shares, compared to its average volume of 5,625,036. The firm has a market capitalization of $21.25 billion, a price-to-earnings ratio of 100.37 and a beta of 1.75. 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 12 month low of $34.87 and a 12 month high of $88.84. The company has a 50 day moving average of $52.12 and a two-hundred day moving average of $65.19.

SEA (NYSE:SE) last posted its earnings results 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). The company had revenue of $3.10 billion for the quarter, compared to analysts’ expectations of $3.26 billion. SEA had a net margin of 2.17% and a return on equity of 4.69%. The business’s revenue was up 5.2% on a year-over-year basis. During the same period in the previous year, the business posted ($1.35) earnings per share. On average, analysts expect that Sea Limited will post 1.26 EPS for the current year.

Wall Street Analyst Weigh In

SE has been the subject of several research reports. Wedbush reissued an “outperform” rating and set a $48.00 price objective on shares of SEA in a report on Wednesday. CICC Research lowered shares of SEA from an “outperform” rating to a “market perform” rating in a research note on Friday, August 18th. KGI Securities cut SEA from an “outperform” rating to a “neutral” rating and set a $42.00 target price on the stock. in a research report on Thursday, August 24th. JPMorgan Chase & Co. downgraded SEA from an “overweight” rating to a “neutral” rating and set a $45.00 price target for the company. in a research note on Thursday, August 17th. Finally, Bank of America lowered their price objective on shares of SEA from $73.00 to $53.00 and set a “neutral” rating on the stock in a research note on Wednesday, August 16th. Nine research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, SEA has an average rating of “Moderate Buy” and an average target price 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.