Azora Capital LP Purchases New Shares in Sea Limited (NYSE:SE)

Azora Capital LP acquired a new position in shares of Sea Limited (NYSE:SE) during the third quarter, HoldingsChannel reports. The fund acquired 145,502 shares of the Internet company based in Singapore’s stock, valued at approximately $13,718,000. SEA comprises about 0.7% of Azora Capital LP’s portfolio, making the stock its 29th largest holding.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Point72 Hong Kong Ltd acquired a new position in SEA during the 3rd quarter worth $3,410,000. Wasatch Advisors LP raised its position in shares of SEA by 0.3% during the third quarter. Wasatch Advisors LP now owns 1,538,803 shares of the Internet company based in Singapore’s stock worth $145,078,000 after acquiring an additional 4,758 shares during the last quarter. Edgestream Partners L.P. acquired a new position in shares of SEA during the third quarter valued at $215,000. Kolinsky Wealth Management LLC acquired a new position in shares of SEA during the third quarter valued at $229,000. Finally, Caisse DE Depot ET Placement DU Quebec boosted its holdings in SEA by 5.7% in the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 75,666 shares of the Internet company based in Singapore’s stock valued at $7,134,000 after acquiring an additional 4,066 shares during the last quarter. Institutional investors and hedge funds own 59.53% of the company’s stock.

Analyst Ratings Changes

Several brokerages have weighed in on SE. Bank of America boosted their price objective on SEA from $84.00 to $96.00 and gave the stock a “buy” rating in a report on Monday, September 23rd. Benchmark increased their price objective on shares of SEA from $94.00 to $130.00 and gave the company a “buy” rating in a report on Wednesday, November 13th. Wedbush reaffirmed an “outperform” rating and issued a $105.00 price objective (up from $84.00) on shares of SEA in a research note on Monday, November 4th. Dbs Bank upgraded shares of SEA from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, November 13th. Finally, Barclays raised their price target on SEA from $94.00 to $131.00 and gave the stock an “overweight” rating in a research report on Thursday, November 14th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, SEA has an average rating of “Moderate Buy” and a consensus target price of $91.21.

SEA Stock Down 1.7 %

Shares of SEA stock opened at $113.80 on Monday. Sea Limited has a 1 year low of $34.35 and a 1 year high of $117.85. 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 company has a market capitalization of $65.13 billion, a P/E ratio of 758.67 and a beta of 1.52. The business has a 50-day moving average of $100.60 and a two-hundred day moving average of $82.83.

SEA (NYSE:SE) last posted its earnings results 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). SEA had a return on equity of 1.40% and a net margin of 0.64%. The business had revenue of $4.33 billion for the quarter, compared to the consensus estimate of $4.09 billion. During the same period in the previous year, the company posted ($0.26) earnings per share. SEA’s revenue for the quarter was up 30.8% compared to the same quarter last year. As a group, equities analysts predict that Sea Limited will post 0.81 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.