Baader Bank Aktiengesellschaft Sells 3,672 Shares of Sea Limited (NYSE:SE)

Baader Bank Aktiengesellschaft cut its stake in Sea Limited (NYSE:SE) by 21.0% during the 2nd quarter, Holdings Channel.com reports. The firm owned 13,828 shares of the Internet company based in Singapore’s stock after selling 3,672 shares during the period. Baader Bank Aktiengesellschaft’s holdings in SEA were worth $982,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also modified their holdings of SE. Moseley Investment Management Inc. acquired a new position in SEA in the 2nd quarter valued at $251,000. Envestnet Portfolio Solutions Inc. acquired a new position in shares of SEA in the second quarter valued at about $377,000. Diversified Trust Co bought a new position in SEA during the second quarter worth about $601,000. Sequoia Financial Advisors LLC acquired a new stake in SEA in the 2nd quarter worth about $207,000. Finally, Granite Bay Wealth Management LLC bought a new stake in SEA in the 2nd quarter valued at about $2,158,000. Institutional investors own 59.53% of the company’s stock.

SEA Trading Up 3.3 %

Shares of SE traded up $2.52 during trading hours on Thursday, hitting $79.32. 9,539,811 shares of the stock were exchanged, compared to its average volume of 5,966,148. The firm has a market capitalization of $45.40 billion, a P/E ratio of 1,583.60 and a beta of 1.51. 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 fifty-two week low of $34.35 and a fifty-two week high of $79.90. The business has a 50-day moving average of $70.29 and a 200-day moving average of $61.47.

SEA (NYSE:SE) last posted its quarterly earnings results on Tuesday, August 13th. The Internet company based in Singapore reported $0.14 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.59 by ($0.45). SEA had a return on equity of 0.80% and a net margin of 0.39%. The business had revenue of $3.81 billion for the quarter, compared to the consensus estimate of $3.73 billion. During the same quarter in the previous year, the company posted $0.54 earnings per share. SEA’s quarterly revenue was up 23.0% on a year-over-year basis. On average, research analysts expect that Sea Limited will post 0.62 EPS for the current year.

Analyst Upgrades and Downgrades

SE has been the subject of several analyst reports. Benchmark lifted their price objective on SEA from $87.00 to $94.00 and gave the company a “buy” rating in a report on Wednesday. JPMorgan Chase & Co. upgraded shares of SEA from a “neutral” rating to an “overweight” rating and increased their price target for the stock from $66.00 to $90.00 in a research report on Wednesday. Morgan Stanley upgraded SEA from an “equal weight” rating to an “overweight” rating and lifted their price target for the company from $65.00 to $70.00 in a research note on Monday, April 22nd. Loop Capital lifted 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. Finally, Barclays increased their price objective on shares of SEA from $87.00 to $94.00 and gave the company an “overweight” rating in a research note on Thursday. Five analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $77.29.

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.