Fullerton Fund Management Co Ltd. Sells 60,897 Shares of Sea Limited (NYSE:SE)

Fullerton Fund Management Co Ltd. lowered its stake in Sea Limited (NYSE:SEFree Report) by 5.8% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 989,762 shares of the Internet company based in Singapore’s stock after selling 60,897 shares during the quarter. SEA accounts for approximately 2.3% of Fullerton Fund Management Co Ltd.’s portfolio, making the stock its 13th largest position. Fullerton Fund Management Co Ltd. owned approximately 0.18% of SEA worth $40,085,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Baillie Gifford & Co. increased its stake in SEA by 30.8% in the fourth quarter. Baillie Gifford & Co. now owns 34,183,394 shares of the Internet company based in Singapore’s stock valued at $1,384,427,000 after purchasing an additional 8,045,977 shares in the last quarter. Sands Capital Management LLC grew its stake in SEA by 3.5% in the third quarter. Sands Capital Management LLC now owns 16,119,943 shares of the Internet company based in Singapore’s stock valued at $708,471,000 after acquiring an additional 542,996 shares during the period. Norges Bank bought a new stake in shares of SEA during the fourth quarter valued at approximately $640,219,000. Kora Management LP raised its position in shares of SEA by 0.7% during the fourth quarter. Kora Management LP now owns 4,237,500 shares of the Internet company based in Singapore’s stock worth $171,619,000 after purchasing an additional 28,000 shares during the period. Finally, Artisan Partners Limited Partnership grew its position in SEA by 11.3% in the 4th quarter. Artisan Partners Limited Partnership now owns 4,131,880 shares of the Internet company based in Singapore’s stock valued at $167,341,000 after purchasing an additional 420,802 shares during the period. Institutional investors and hedge funds own 59.53% of the company’s stock.

SEA Stock Performance

SEA stock traded up $0.68 during midday trading on Thursday, reaching $74.56. 3,370,261 shares of the company traded hands, compared to its average volume of 6,315,479. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.46 and a quick ratio of 1.44. Sea Limited has a 12 month low of $34.35 and a 12 month high of $75.59. The firm has a market capitalization of $42.67 billion, a price-to-earnings ratio of 1,494.20 and a beta of 1.53. The business has a 50 day moving average of $65.04 and a two-hundred day moving average of $51.37.

SEA (NYSE:SEGet Free Report) last released its quarterly earnings results on Tuesday, May 14th. The Internet company based in Singapore reported ($0.04) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.40). The firm had revenue of $3.73 billion for the quarter, compared to the consensus estimate of $3.64 billion. SEA had a net margin of 0.39% and a return on equity of 0.80%. The company’s revenue for the quarter was up 22.8% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.15 earnings per share. As a group, research analysts predict that Sea Limited will post 0.67 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on SE shares. Morgan Stanley raised shares of SEA from an “equal weight” rating to an “overweight” rating and raised their price target for the company from $65.00 to $70.00 in a research report on Monday, April 22nd. Sanford C. Bernstein raised their price target on SEA from $60.00 to $70.00 and gave the stock an “outperform” rating in a report on Thursday, March 14th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and set a $60.00 price objective on shares of SEA in a research note on Wednesday, May 15th. Barclays upped their price target on shares of SEA from $85.00 to $87.00 and gave the stock an “overweight” rating in a report on Thursday, May 16th. Finally, Wedbush reissued an “outperform” rating and set a $72.00 price objective on shares of SEA in a report on Tuesday, May 14th. Four equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $72.87.

Get Our Latest Research Report on SEA

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 promotes eSports operations.

Read More

Institutional Ownership by Quarter for SEA (NYSE:SE)

Receive News & Ratings for SEA Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SEA and related companies with MarketBeat.com's FREE daily email newsletter.