Natixis Advisors LLC Buys 200,267 Shares of Sea Limited (NYSE:SE)

Natixis Advisors LLC grew its stake in Sea Limited (NYSE:SE) by 351.6% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 257,230 shares of the Internet company based in Singapore’s stock after purchasing an additional 200,267 shares during the quarter. Natixis Advisors LLC’s holdings in SEA were worth $24,252,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of SE. Sequoia Financial Advisors LLC raised its holdings in SEA by 6.2% in the 3rd quarter. Sequoia Financial Advisors LLC now owns 3,081 shares of the Internet company based in Singapore’s stock valued at $290,000 after acquiring an additional 180 shares during the period. Canton Hathaway LLC boosted its stake in SEA by 20.0% in the 2nd quarter. Canton Hathaway LLC now owns 1,200 shares of the Internet company based in Singapore’s stock valued at $86,000 after purchasing an additional 200 shares during the period. Rosenberg Matthew Hamilton increased its position in SEA by 213.7% during the 3rd quarter. Rosenberg Matthew Hamilton now owns 298 shares of the Internet company based in Singapore’s stock worth $28,000 after buying an additional 203 shares during the period. Gulf International Bank UK Ltd boosted its position in shares of SEA by 0.7% in the second quarter. Gulf International Bank UK Ltd now owns 28,958 shares of the Internet company based in Singapore’s stock valued at $2,068,000 after acquiring an additional 213 shares during the period. Finally, Parallel Advisors LLC grew its stake in shares of SEA by 5.2% in the second quarter. Parallel Advisors LLC now owns 5,063 shares of the Internet company based in Singapore’s stock valued at $362,000 after acquiring an additional 250 shares in the last quarter. Institutional investors and hedge funds own 59.53% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on SE. Citigroup decreased their target price on shares of SEA from $81.00 to $80.00 and set a “buy” rating on the stock in a research report on Tuesday, July 23rd. Barclays increased their target price on SEA from $94.00 to $131.00 and gave the stock an “overweight” rating in a report on Thursday, November 14th. Wedbush reiterated an “outperform” rating and set a $105.00 price objective (up from $84.00) on shares of SEA in a research note on Monday, November 4th. Bank of America upped their price target on shares of SEA from $84.00 to $96.00 and gave the stock a “buy” rating in a report on Monday, September 23rd. Finally, TD Cowen raised their target price on SEA from $69.00 to $100.00 and gave the company a “hold” rating in a report on Wednesday, November 13th. Two research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $90.54.

SEA Stock Up 5.5 %

Shares of NYSE SE opened at $108.58 on Tuesday. The stock has a market capitalization of $62.14 billion, a P/E ratio of 723.87 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 1.48. Sea Limited has a 1 year low of $34.35 and a 1 year high of $117.52. The company has a 50-day moving average price of $94.57 and a 200-day moving average price of $79.86.

SEA (NYSE:SE) last issued its quarterly earnings data on Tuesday, November 12th. The Internet company based in Singapore reported $0.24 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.59 by ($0.35). The firm had revenue of $4.33 billion during the quarter, compared to the consensus estimate of $4.09 billion. SEA had a return on equity of 1.40% and a net margin of 0.64%. The company’s revenue for the quarter was up 30.8% on a year-over-year basis. During the same period in the previous year, the company posted ($0.26) earnings per share. On average, equities research analysts forecast that Sea Limited will post 0.8 EPS for the current fiscal year.

About SEA

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.