Sea Limited (NYSE:SE) Stock Holdings Increased by Watershed Asset Management L.L.C.

Watershed Asset Management L.L.C. boosted its stake in shares of Sea Limited (NYSE:SE) by 36.4% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 29,600 shares of the Internet company based in Singapore’s stock after purchasing an additional 7,900 shares during the period. SEA comprises approximately 1.4% of Watershed Asset Management L.L.C.’s holdings, making the stock its 13th largest position. Watershed Asset Management L.L.C.’s holdings in SEA were worth $1,199,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Maryland State Retirement & Pension System raised its stake in shares of SEA by 2.2% during the 3rd quarter. Maryland State Retirement & Pension System now owns 12,427 shares of the Internet company based in Singapore’s stock worth $546,000 after purchasing an additional 271 shares in the last quarter. Sunbelt Securities Inc. increased its holdings in SEA by 91.4% in the third quarter. Sunbelt Securities Inc. now owns 670 shares of the Internet company based in Singapore’s stock worth $29,000 after buying an additional 320 shares during the last quarter. UMB Bank n.a. raised its position in 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 acquiring an additional 327 shares in the last quarter. Meiji Yasuda Asset Management Co Ltd. lifted its stake in SEA by 4.3% in the third quarter. Meiji Yasuda Asset Management Co Ltd. now owns 8,662 shares of the Internet company based in Singapore’s stock valued at $381,000 after acquiring an additional 360 shares during the last quarter. Finally, Cigna Investments Inc. New grew its position in SEA by 6.0% in the fourth quarter. Cigna Investments Inc. New now owns 7,119 shares of the Internet company based in Singapore’s stock worth $288,000 after acquiring an additional 401 shares in the last quarter. Institutional investors and hedge funds own 59.53% of the company’s stock.

SEA Stock Performance

Shares of SE traded up $2.60 during mid-day trading on Tuesday, hitting $62.03. The company’s stock had a trading volume of 8,037,885 shares, compared to its average volume of 6,581,387. The stock’s 50-day moving average is $53.04 and its two-hundred day moving average is $44.65. The firm has a market capitalization of $35.03 billion, a PE ratio of 258.46 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.

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

Analyst Ratings Changes

A number of research analysts have recently weighed in on SE shares. Citigroup upgraded shares of SEA from a “neutral” rating to a “buy” rating and raised their price target for the company from $44.00 to $50.00 in a report on Thursday, February 1st. Bank of America raised SEA from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $62.00 to $70.00 in a research report on Monday. Daiwa Capital Markets raised SEA from a “neutral” rating to a “buy” rating in a report on Friday, February 2nd. JPMorgan Chase & Co. upgraded SEA from a “neutral” rating to an “overweight” rating and boosted their target price for the stock from $43.00 to $70.00 in a report on Tuesday, March 5th. Finally, Wedbush increased their price target on SEA from $45.00 to $72.00 and gave the company an “outperform” rating in a report on Tuesday, March 5th. Three equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat, SEA currently has a consensus rating of “Moderate Buy” and a consensus target price of $68.31.

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 eSports operations.