Quadrature Capital Ltd Acquires New Position in Sea Limited (NYSE:SE)

Quadrature Capital Ltd bought a new position in shares of Sea Limited (NYSE:SE) during the 1st quarter, according to the company in its most recent filing with the SEC. The fund bought 136,343 shares of the Internet company based in Singapore’s stock, valued at approximately $7,324,000.

Several other large investors have also recently bought and sold shares of SE. Baillie Gifford & Co. lifted its position in shares of SEA by 30.8% during the 4th 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 acquiring an additional 8,045,977 shares during the period. Handelsbanken Fonder AB raised its holdings in SEA by 27.2% during the fourth quarter. Handelsbanken Fonder AB now owns 90,802 shares of the Internet company based in Singapore’s stock worth $3,677,000 after purchasing an additional 19,406 shares during the last quarter. Syon Capital LLC purchased a new stake in SEA during the fourth quarter worth $357,000. Wasatch Advisors LP grew its holdings in SEA by 3.2% in the first quarter. Wasatch Advisors LP now owns 1,544,492 shares of the Internet company based in Singapore’s stock valued at $82,955,000 after purchasing an additional 48,273 shares during the last quarter. Finally, Mitsubishi UFJ Asset Management Co. Ltd. increased its position in shares of SEA by 18.4% in the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 202,229 shares of the Internet company based in Singapore’s stock valued at $10,862,000 after buying an additional 31,470 shares in the last quarter. Hedge funds and other institutional investors own 59.53% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently commented on the stock. Dbs Bank reiterated a “hold” rating and issued a $75.00 price objective on shares of SEA in a research report on Friday, June 28th. Loop Capital upped their price target on shares of SEA from $92.00 to $94.00 and gave the company a “buy” rating in a report on Monday, June 10th. Benchmark raised their price objective on shares of SEA from $78.00 to $87.00 and gave the stock a “buy” rating in a research note on Wednesday, May 15th. Citigroup cut their price objective on SEA from $81.00 to $80.00 and set a “buy” rating for the company in a research report on Tuesday. Finally, JPMorgan Chase & Co. reiterated a “neutral” rating and set a $78.00 target price (down previously from $84.00) on shares of SEA in a report on Tuesday, June 25th. Six equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat.com, SEA currently has a consensus rating of “Moderate Buy” and a consensus price target of $74.53.

SEA Trading Up 1.9 %

NYSE:SE traded up $1.24 during mid-day trading on Friday, reaching $65.34. The company’s stock had a trading volume of 3,704,242 shares, compared to its average volume of 4,125,911. Sea Limited has a twelve month low of $34.35 and a twelve month high of $76.60. The company’s fifty day simple moving average is $71.69 and its two-hundred day simple moving average is $58.91. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.46 and a quick ratio of 1.44. The stock has a market cap of $37.40 billion, a P/E ratio of 1,306.80 and a beta of 1.51.

SEA (NYSE:SE) last released its earnings results on Tuesday, May 14th. The Internet company based in Singapore reported ($0.04) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.36 by ($0.40). The company had revenue of $3.73 billion during the quarter, compared to analyst estimates of $3.64 billion. SEA had a return on equity of 0.80% and a net margin of 0.39%. SEA’s revenue was up 22.8% on a year-over-year basis. During the same period in the prior year, the business posted $0.15 earnings per share. On average, equities analysts predict that Sea Limited will post 0.62 EPS for the current year.

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.