Axiom Investors LLC DE Sells 706,140 Shares of Sea Limited (NYSE:SE)

Axiom Investors LLC DE cut its holdings in Sea Limited (NYSE:SE) by 84.5% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 129,530 shares of the Internet company based in Singapore’s stock after selling 706,140 shares during the period. Axiom Investors LLC DE’s holdings in SEA were worth $7,518,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently made changes to their positions in the company. FWL Investment Management LLC grew its stake in shares of SEA by 54.9% in the 2nd quarter. FWL Investment Management LLC now owns 50,273 shares of the Internet company based in Singapore’s stock valued at $2,918,000 after buying an additional 17,816 shares during the period. Commonwealth Equity Services LLC grew its stake in shares of SEA by 24.6% in the 2nd quarter. Commonwealth Equity Services LLC now owns 48,936 shares of the Internet company based in Singapore’s stock valued at $2,840,000 after buying an additional 9,653 shares during the period. Evolutionary Tree Capital Management LLC grew its stake in shares of SEA by 1.0% in the 2nd quarter. Evolutionary Tree Capital Management LLC now owns 24,801 shares of the Internet company based in Singapore’s stock valued at $1,439,000 after buying an additional 256 shares during the period. Stonehage Fleming Financial Services Holdings Ltd grew its stake in shares of SEA by 37.7% in the 2nd quarter. Stonehage Fleming Financial Services Holdings Ltd now owns 111,721 shares of the Internet company based in Singapore’s stock valued at $6,484,000 after buying an additional 30,581 shares during the period. Finally, Merlin Capital LLC acquired a new stake in shares of SEA in the 2nd quarter valued at about $375,000. 72.05% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several analysts have recently commented on SE shares. Citigroup downgraded SEA from a “buy” rating to a “neutral” rating and reduced their target price for the company from $98.00 to $50.00 in a research note on Tuesday, August 15th. Benchmark cut their price target on SEA from $95.00 to $65.00 and set a “buy” rating for the company in a research note on Wednesday, November 15th. KGI Securities downgraded SEA from an “outperform” rating to a “neutral” rating and set a $42.00 price target for the company. in a research note on Thursday, August 24th. Barclays cut their price target on SEA from $98.00 to $64.00 and set an “overweight” rating for the company in a research note on Wednesday, August 16th. Finally, UBS Group upgraded SEA from a “neutral” rating to a “buy” rating and lifted their price target for the company from $66.00 to $86.00 in a research note on Monday, July 31st. Nine investment analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, SEA currently has an average rating of “Moderate Buy” and an average target price of $67.25.

SEA Price Performance

SEA stock opened at $37.33 on Monday. The company has a market cap of $21.08 billion, a price-to-earnings ratio of 32.67 and a beta of 1.70. The business’s 50 day simple moving average is $41.91 and its 200 day simple moving average is $52.53. Sea Limited has a 12 month low of $34.87 and a 12 month high of $88.84. The company has a current ratio of 1.70, a quick ratio of 1.73 and a debt-to-equity ratio of 0.52.

SEA (NYSE:SE) last posted its earnings results on Tuesday, November 14th. The Internet company based in Singapore reported ($0.26) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.12 by ($0.38). The company had revenue of $3.31 billion for the quarter, compared to analysts’ expectations of $3.17 billion. SEA had a return on equity of 11.14% and a net margin of 5.44%. The company’s revenue was up 4.9% on a year-over-year basis. During the same quarter in the prior year, the company earned ($1.02) EPS. Sell-side analysts forecast that Sea Limited will post 1.09 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.