DekaBank Deutsche Girozentrale Sells 48,977 Shares of Sea Limited (NYSE:SE)

DekaBank Deutsche Girozentrale cut its position in shares of Sea Limited (NYSE:SE) by 48.6% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 51,881 shares of the Internet company based in Singapore’s stock after selling 48,977 shares during the quarter. DekaBank Deutsche Girozentrale’s holdings in SEA were worth $4,932,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of SE. Baillie Gifford & Co. increased its position in SEA by 0.4% in the second quarter. Baillie Gifford & Co. now owns 34,268,428 shares of the Internet company based in Singapore’s stock worth $2,447,451,000 after buying an additional 148,980 shares during the last quarter. Kaizen Investment Management Pte. Ltd. purchased a new position in SEA in the third quarter worth $587,544,000. Kora Management LP increased its position in shares of SEA by 9.4% during the 1st quarter. Kora Management LP now owns 4,637,500 shares of the Internet company based in Singapore’s stock valued at $249,080,000 after purchasing an additional 400,000 shares during the last quarter. Eminence Capital LP raised its stake in shares of SEA by 45.2% during the second quarter. Eminence Capital LP now owns 4,522,441 shares of the Internet company based in Singapore’s stock worth $322,993,000 after acquiring an additional 1,408,314 shares in the last quarter. Finally, Kontiki Capital Management HK Ltd. raised its position in SEA by 1.9% in the 1st quarter. Kontiki Capital Management HK Ltd. now owns 3,744,416 shares of the Internet company based in Singapore’s stock worth $201,113,000 after purchasing an additional 68,900 shares during the period. 59.53% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts recently commented on the company. Wedbush reaffirmed an “outperform” rating and issued a $84.00 price target (up previously from $76.00) on shares of SEA in a research note on Tuesday, August 13th. Barclays boosted their target price on SEA from $87.00 to $94.00 and gave the stock an “overweight” rating in a report on Thursday, August 15th. TD Cowen increased their price target on shares of SEA from $64.00 to $69.00 and gave the company a “hold” rating in a report on Wednesday, August 14th. JPMorgan Chase & Co. upgraded shares of SEA from a “neutral” rating to an “overweight” rating and lifted their price target for the stock from $66.00 to $90.00 in a research note on Wednesday, August 14th. Finally, Citigroup reduced their price objective on SEA from $81.00 to $80.00 and set a “buy” rating for the company in a research report on Tuesday, July 23rd. Three analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat.com, SEA has a consensus rating of “Moderate Buy” and a consensus price target of $80.92.

SEA Stock Performance

SE opened at $94.05 on Friday. The stock has a market cap of $53.83 billion, a P/E ratio of 1,881.00 and a beta of 1.52. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.49 and a quick ratio of 1.48. The firm has a fifty day moving average price of $89.46 and a 200 day moving average price of $76.16. Sea Limited has a 1 year low of $34.35 and a 1 year high of $101.93.

SEA (NYSE:SE) last issued its quarterly earnings data on Tuesday, August 13th. The Internet company based in Singapore reported $0.14 earnings per share for the quarter, missing analysts’ consensus estimates of $0.59 by ($0.45). SEA had a negative return on equity of 2.92% and a negative net margin of 1.36%. The firm had revenue of $3.81 billion during the quarter, compared to analyst estimates of $3.73 billion. During the same quarter last year, the company posted $0.54 EPS. The company’s revenue was up 23.0% on a year-over-year basis. Equities research analysts anticipate that Sea Limited will post 0.64 earnings per share for the current year.

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.