Livforsakringsbolaget Skandia Omsesidigt Boosts Position in Sea Limited (NYSE:SE)

Livforsakringsbolaget Skandia Omsesidigt grew its holdings in shares of Sea Limited (NYSE:SE) by 6.9% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 94,700 shares of the Internet company based in Singapore’s stock after buying an additional 6,100 shares during the period. Livforsakringsbolaget Skandia Omsesidigt’s holdings in SEA were worth $3,835,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in SE. Sunbelt Securities Inc. increased its stake in shares of SEA by 91.4% during the third quarter. Sunbelt Securities Inc. now owns 670 shares of the Internet company based in Singapore’s stock valued at $29,000 after buying an additional 320 shares during the period. UMB Bank n.a. increased its stake in shares of SEA by 70.9% during the fourth quarter. UMB Bank n.a. now owns 788 shares of the Internet company based in Singapore’s stock valued at $32,000 after buying an additional 327 shares during the period. Tyler Stone Wealth Management purchased a new position in shares of SEA during the second quarter valued at approximately $33,000. Blue Trust Inc. increased its stake in shares of SEA by 152.4% during the fourth quarter. Blue Trust Inc. now owns 843 shares of the Internet company based in Singapore’s stock valued at $36,000 after buying an additional 509 shares during the period. Finally, First Horizon Advisors Inc. increased its stake in shares of SEA by 135.7% during the first quarter. First Horizon Advisors Inc. now owns 495 shares of the Internet company based in Singapore’s stock valued at $43,000 after buying an additional 285 shares during the period. 59.53% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on SE. Bank of America upped their price target on SEA from $46.00 to $55.00 and gave the stock a “neutral” rating in a research note on Tuesday, March 5th. HSBC upped their price target on SEA from $70.00 to $76.00 and gave the stock a “buy” rating in a research note on Tuesday, March 5th. Daiwa Capital Markets raised SEA from a “neutral” rating to a “buy” rating in a research note on Friday, February 2nd. JPMorgan Chase & Co. raised SEA from a “neutral” rating to an “overweight” rating and upped their price target for the stock from $43.00 to $70.00 in a research note on Tuesday, March 5th. Finally, Benchmark upped their price target on SEA from $65.00 to $78.00 and gave the stock a “buy” rating in a research note on Tuesday, March 5th. Five research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat.com, SEA has a consensus rating of “Moderate Buy” and an average price target of $66.77.

SEA Stock Performance

Shares of NYSE:SE traded down $0.73 during midday trading on Wednesday, reaching $55.65. 5,377,272 shares of the company’s stock traded hands, compared to its average volume of 6,553,382. The company has a market cap of $31.43 billion, a price-to-earnings ratio of 233.21 and a beta of 1.50. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.43 and a current ratio of 1.44. Sea Limited has a one year low of $34.35 and a one year high of $88.39. The stock has a 50 day moving average of $51.99 and a 200 day moving average of $44.26.

SEA (NYSE:SE) last announced its quarterly earnings results on Monday, March 4th. The Internet company based in Singapore reported ($0.19) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.06) by ($0.13). The business had revenue of $3.62 billion for the quarter, compared to the consensus estimate of $3.57 billion. SEA had a net margin of 1.27% and a return on equity of 2.54%. The company’s revenue for the quarter was up 5.7% compared to the same quarter last year. During the same period in the previous year, the company earned $0.72 earnings per share. As a group, equities research analysts anticipate that Sea Limited will post 1.01 EPS for the current fiscal year.

SEA Company 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 eSports operations.