Park National Corp OH Reduces Holdings in Sea Limited (NYSE:SE)

Park National Corp OH reduced its position in Sea Limited (NYSE:SE) by 2.8% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 3,462 shares of the Internet company based in Singapore’s stock after selling 100 shares during the period. Park National Corp OH’s holdings in SEA were worth $367,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Kaizen Investment Management Pte. Ltd. acquired a new stake in SEA during the 3rd quarter valued at approximately $587,544,000. WCM Investment Management LLC boosted its stake in shares of SEA by 35.9% during the 3rd quarter. WCM Investment Management LLC now owns 20,902,378 shares of the Internet company based in Singapore’s stock valued at $1,971,303,000 after buying an additional 5,517,559 shares during the last quarter. Baillie Gifford & Co. grew its position in shares of SEA by 15.5% during the third quarter. Baillie Gifford & Co. now owns 39,564,018 shares of the Internet company based in Singapore’s stock worth $3,730,096,000 after buying an additional 5,295,590 shares in the last quarter. CoreView Capital Management Ltd increased its stake in shares of SEA by 341.1% in the third quarter. CoreView Capital Management Ltd now owns 1,996,376 shares of the Internet company based in Singapore’s stock worth $188,218,000 after buying an additional 1,543,743 shares during the last quarter. Finally, Eminence Capital LP raised its holdings in SEA by 45.2% in the second quarter. Eminence Capital LP now owns 4,522,441 shares of the Internet company based in Singapore’s stock valued at $322,993,000 after acquiring an additional 1,408,314 shares in the last quarter. 59.53% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

SE has been the subject of several research analyst reports. TD Cowen boosted their target price on shares of SEA from $69.00 to $100.00 and gave the stock a “hold” rating in a research report on Wednesday, November 13th. Wedbush restated an “outperform” rating and set a $105.00 price objective (up previously from $84.00) on shares of SEA in a research note on Monday, November 4th. Phillip Securities reiterated a “reduce” rating and issued a $100.00 target price (up previously from $80.00) on shares of SEA in a research report on Tuesday, November 19th. Bank of America upped their price target on SEA from $84.00 to $96.00 and gave the company a “buy” rating in a research report on Monday, September 23rd. Finally, Barclays lifted their price objective on shares of SEA from $94.00 to $131.00 and gave the stock an “overweight” rating in a report on Thursday, November 14th. One investment analyst has rated the stock with a sell rating, two have given a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $91.21.

SEA Stock Performance

Shares of SE stock opened at $109.10 on Thursday. Sea Limited has a 12-month low of $34.35 and a 12-month high of $119.47. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.62 and a quick ratio of 1.60. The firm has a market capitalization of $62.44 billion, a price-to-earnings ratio of 727.33 and a beta of 1.54. The business has a 50 day simple moving average of $108.91 and a 200 day simple moving average of $90.52.

SEA (NYSE:SE) last released its quarterly earnings results on Tuesday, November 12th. The Internet company based in Singapore reported $0.24 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.59 by ($0.35). SEA had a return on equity of 1.40% and a net margin of 0.64%. The business had revenue of $4.33 billion during the quarter, compared to the consensus estimate of $4.09 billion. During the same period in the previous year, the company posted ($0.26) EPS. The company’s revenue for the quarter was up 30.8% compared to the same quarter last year. On average, equities research analysts anticipate that Sea Limited will post 0.81 EPS for the current year.

SEA Profile

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.