FNY Investment Advisers LLC Takes $65,000 Position in Sea Limited (NYSE:SE)

FNY Investment Advisers LLC purchased a new position in Sea Limited (NYSE:SE) in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 500 shares of the Internet company based in Singapore’s stock, valued at approximately $65,000.

A number of other large investors also recently bought and sold shares of SE. Baillie Gifford & Co. lifted its holdings in shares of SEA by 3.5% during the fourth quarter. Baillie Gifford & Co. now owns 40,954,549 shares of the Internet company based in Singapore’s stock valued at $4,345,278,000 after purchasing an additional 1,390,531 shares during the last quarter. Norges Bank purchased a new position in SEA during the fourth quarter valued at $1,493,682,000. Capital Research Global Investors raised its stake in SEA by 19.5% during the fourth quarter. Capital Research Global Investors now owns 8,126,064 shares of the Internet company based in Singapore’s stock valued at $862,175,000 after buying an additional 1,325,183 shares during the last quarter. Geode Capital Management LLC boosted its holdings in SEA by 4.6% in the fourth quarter. Geode Capital Management LLC now owns 3,201,601 shares of the Internet company based in Singapore’s stock worth $335,084,000 after acquiring an additional 142,080 shares in the last quarter. Finally, Northern Trust Corp grew its stake in shares of SEA by 12.6% in the fourth quarter. Northern Trust Corp now owns 2,946,347 shares of the Internet company based in Singapore’s stock worth $312,607,000 after acquiring an additional 329,881 shares during the last quarter. 59.53% of the stock is owned by hedge funds and other institutional investors.

SEA Stock Performance

Shares of NYSE SE opened at $158.31 on Tuesday. The stock has a market cap of $93.26 billion, a PE ratio of 1,055.38 and a beta of 1.64. Sea Limited has a 1 year low of $55.00 and a 1 year high of $172.65. The firm has a fifty day moving average price of $145.23 and a 200-day moving average price of $129.11. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.62 and a quick ratio of 1.60.

SEA (NYSE:SE) last issued its quarterly earnings results on Tuesday, May 13th. The Internet company based in Singapore reported $0.65 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.93 by ($0.28). SEA had a return on equity of 1.40% and a net margin of 0.64%. The business had revenue of $4.84 billion during the quarter, compared to analysts’ expectations of $4.90 billion. During the same quarter in the previous year, the company posted ($0.04) EPS. The company’s quarterly revenue was up 29.6% on a year-over-year basis. Equities analysts anticipate that Sea Limited will post 0.74 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on SE shares. Loop Capital reaffirmed a “buy” rating and issued a $190.00 target price (up from $165.00) on shares of SEA in a report on Thursday, May 29th. Phillip Securities upgraded SEA from a “moderate sell” rating to a “hold” rating in a research note on Friday, March 7th. Sanford C. Bernstein reiterated an “outperform” rating and set a $170.00 price objective on shares of SEA in a research report on Wednesday, May 14th. Arete Research raised SEA to a “strong-buy” rating in a report on Sunday, March 23rd. Finally, JPMorgan Chase & Co. upgraded SEA from a “neutral” rating to an “overweight” rating and boosted their price target for the company from $135.00 to $190.00 in a research note on Tuesday, May 13th. Three research analysts have rated the stock with a hold rating, ten have issued a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $147.15.

About SEA

Sea Ltd. is an internet and mobile platform company, which engages in the provision of online gaming services. It operates through the following segments: Digital Entertainment, E-Commerce, and Digital Financial Services. The Digital Entertainment segment offers and develops mobile and PC online games.