Bank of New York Mellon Corp decreased its stake in shares of $Sea Ltd(SE)$ by 17.3% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 997,537 shares of the Internet company based in Singapore's stock after selling 209,256 shares during the period. Bank of New York Mellon Corp owned 0.18% of SEA worth $55,911,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. BlackRock Inc. increased its position in SEA by 2.1% during the third quarter. BlackRock Inc. now owns 15,597,266 shares of the Internet company based in Singapore's stock worth $874,227,000 after purchasing an additional 317,841 shares during the last quarter. Blueshift Asset Management LLC grew its stake in SEA by 15.3% during the third quarter. Blueshift Asset Management LLC now owns 5,992 shares of the Internet company based in Singapore's stock worth $336,000 after buying an additional 794 shares during the period. Board of Trustees of The Leland Stanford Junior University purchased a new stake in SEA during the third quarter worth approximately $19,339,000. Capital International Ltd. CA grew its stake in SEA by 14.5% during the third quarter. Capital International Ltd. CA now owns 32,537 shares of the Internet company based in Singapore's stock worth $1,824,000 after buying an additional 4,113 shares during the period. Finally, Commonwealth Equity Services LLC grew its stake in SEA by 8.4% during the third quarter. Commonwealth Equity Services LLC now owns 40,811 shares of the Internet company based in Singapore's stock worth $2,287,000 after buying an additional 3,161 shares during the period. Institutional investors and hedge funds own 74.92% of the company's stock.
Analysts Set New Price Targets
Several research firms have issued reports on SE. Cowen downgraded shares of SEA from an "outperform" rating to a "market perform" rating and decreased their price objective for the stock from $72.00 to $60.00 in a research note on Monday, November 21st. Barclays decreased their price objective on shares of SEA from $100.00 to $98.00 and set an "overweight" rating for the company in a research note on Thursday, November 17th. HSBC boosted their price objective on shares of SEA from $87.00 to $92.00 and gave the stock a "buy" rating in a research note on Wednesday. Morgan Stanley decreased their target price on shares of SEA from $116.00 to $95.00 and set an "overweight" rating for the company in a research note on Thursday, November 17th. Finally, The Goldman Sachs Group upgraded shares of SEA from a "buy" rating to a "conviction-buy" rating in a research note on Thursday, February 16th. Five analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $96.43.
SEA Stock Down 2.8 %
SEopened at $77.57 on Friday. The firm's fifty day moving average price is $63.64 and its 200 day moving average price is $58.54. The company has a quick ratio of 1.77, a current ratio of 1.83 and a debt-to-equity ratio of 0.57. Sea Limited has a 12-month low of $40.67 and a 12-month high of $136.43.
SEA (NYSE:SE-Get Rating) last posted its quarterly earnings results on Tuesday, March 7th. The Internet company based in Singapore reported $0.72 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.75) by $1.47. The firm had revenue of $3.45 billion for the quarter, compared to analysts' expectations of $3.05 billion. SEA had a negative net margin of 13.28% and a negative return on equity of 26.25%. The firm's quarterly revenue was up 7.1% on a year-over-year basis. During the same period in the prior year, the company posted ($1.12) earnings per share. On average, equities research analysts anticipate that Sea Limited will post -0.99 earnings per share for the current fiscal year.
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.
source:marketbeat
Comments