Panagora Asset Management Inc. Cuts Stake in Sea Limited (NYSE:SE)

Panagora Asset Management Inc. lessened its stake in shares of Sea Limited (NYSE:SEFree Report) by 24.2% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 109,272 shares of the Internet company based in Singapore’s stock after selling 34,884 shares during the quarter. Panagora Asset Management Inc.’s holdings in SEA were worth $4,803,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. First Horizon Advisors Inc. lifted its position in SEA by 135.7% during the 1st quarter. First Horizon Advisors Inc. now owns 495 shares of the Internet company based in Singapore’s stock worth $43,000 after acquiring an additional 285 shares in the last quarter. Geneos Wealth Management Inc. lifted its position in shares of SEA by 204.8% during the second quarter. Geneos Wealth Management Inc. now owns 506 shares of the Internet company based in Singapore’s stock worth $29,000 after purchasing an additional 340 shares in the last quarter. Laffer Tengler Investments purchased a new position in shares of SEA in the first quarter valued at $66,000. Tyler Stone Wealth Management acquired a new stake in SEA during the 2nd quarter valued at $33,000. Finally, Pinnacle Holdings LLC purchased a new stake in SEA during the 1st quarter worth $68,000. Hedge funds and other institutional investors own 72.05% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on SE. Benchmark lowered their target price on SEA from $95.00 to $65.00 and set a “buy” rating for the company in a research note on Wednesday, November 15th. Morgan Stanley lowered SEA from an “overweight” rating to an “equal weight” rating in a research note on Monday, December 4th. Eight investment analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $68.29.

Read Our Latest Report on SE

SEA Stock Down 2.5 %

Shares of NYSE:SE opened at $34.83 on Thursday. The company’s fifty day moving average is $38.27 and its two-hundred day moving average is $44.13. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.69 and a current ratio of 1.70. Sea Limited has a 1-year low of $34.35 and a 1-year high of $88.84. The stock has a market capitalization of $19.67 billion, a price-to-earnings ratio of 30.29 and a beta of 1.55.

SEA (NYSE:SEGet Free Report) last released its quarterly earnings data on Tuesday, November 14th. The Internet company based in Singapore reported ($0.26) earnings per share for the quarter, missing the consensus estimate of $0.12 by ($0.38). The business had revenue of $3.31 billion for the quarter, compared to analyst estimates of $3.17 billion. SEA had a return on equity of 11.14% and a net margin of 5.44%. SEA’s revenue was up 4.9% compared to the same quarter last year. During the same quarter last year, the company earned ($1.02) EPS. Equities analysts anticipate that Sea Limited will post 0.63 EPS for the current year.

SEA Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for SEA (NYSE:SE)

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