Bridgewater Associates LP Raises Stock Position in Sea Limited (NYSE:SE)

Bridgewater Associates LP raised its position in Sea Limited (NYSE:SE) by 430.8% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 298,384 shares of the Internet company based in Singapore’s stock after acquiring an additional 242,169 shares during the period. Bridgewater Associates LP’s holdings in SEA were worth $28,132,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in SE. ShawSpring Partners LLC boosted its stake in SEA by 11.1% during the third quarter. ShawSpring Partners LLC now owns 943,179 shares of the Internet company based in Singapore’s stock worth $88,923,000 after buying an additional 94,382 shares during the period. Townsquare Capital LLC raised its position in SEA by 85.8% in the third quarter. Townsquare Capital LLC now owns 21,424 shares of the Internet company based in Singapore’s stock valued at $2,020,000 after purchasing an additional 9,893 shares during the period. Tree Line Advisors Hong Kong Ltd. lifted its stake in SEA by 13.9% during the third quarter. Tree Line Advisors Hong Kong Ltd. now owns 1,230,000 shares of the Internet company based in Singapore’s stock worth $115,964,000 after purchasing an additional 150,000 shares in the last quarter. Dai ichi Life Insurance Company Ltd boosted its position in shares of SEA by 2.2% during the third quarter. Dai ichi Life Insurance Company Ltd now owns 98,747 shares of the Internet company based in Singapore’s stock worth $9,310,000 after buying an additional 2,135 shares during the period. Finally, West Tower Group LLC grew its stake in shares of SEA by 100.0% in the third quarter. West Tower Group LLC now owns 3,000 shares of the Internet company based in Singapore’s stock valued at $283,000 after buying an additional 1,500 shares in the last quarter. Hedge funds and other institutional investors own 59.53% of the company’s stock.

SEA Stock Up 1.6 %

SEA stock opened at $115.71 on Thursday. The stock has a market cap of $66.23 billion, a PE ratio of 771.40 and a beta of 1.52. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.62 and a quick ratio of 1.60. The stock’s fifty day moving average is $98.75 and its two-hundred day moving average is $81.90. Sea Limited has a 1-year low of $34.35 and a 1-year high of $117.85.

SEA (NYSE:SE) last issued its earnings results on Tuesday, November 12th. The Internet company based in Singapore reported $0.24 earnings per share for the quarter, missing the consensus estimate of $0.59 by ($0.35). The business had revenue of $4.33 billion for the quarter, compared to analyst estimates of $4.09 billion. SEA had a return on equity of 1.40% and a net margin of 0.64%. SEA’s revenue was up 30.8% on a year-over-year basis. During the same period last year, the business posted ($0.26) EPS. On average, sell-side analysts expect that Sea Limited will post 0.81 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on SE shares. Dbs Bank raised SEA from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, November 13th. Phillip Securities reissued a “reduce” rating and set a $100.00 price target (up previously from $80.00) on shares of SEA in a research report on Tuesday, November 19th. Bank of America raised their price objective on shares of SEA from $84.00 to $96.00 and gave the company a “buy” rating in a research note on Monday, September 23rd. JPMorgan Chase & Co. raised shares of SEA from a “neutral” rating to an “overweight” rating and upped their target price for the stock from $66.00 to $90.00 in a research note on Wednesday, August 14th. Finally, Wedbush reissued an “outperform” rating and issued a $105.00 price target (up previously from $84.00) on shares of SEA in a research report on Monday, November 4th. One research analyst has rated the stock with a sell rating, two have issued a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, SEA has a consensus rating of “Moderate Buy” and an average target price of $91.21.

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 promotes eSports operations.