Zimmer Partners LP purchased a new stake in Sea Ltd (NYSE:SE) during the fourth quarter, according to the company in its most recent filing with the SEC. The firm purchased 275,000 shares of the pipeline company’s stock, valued at approximately $3,666,000. Zimmer Partners LP owned about 0.08% of SEA as of its most recent SEC filing.
Other institutional investors and hedge funds also recently made changes to their positions in the company. Paloma Partners Management Co acquired a new position in shares of SEA in the 4th quarter valued at $207,000. Raymond James & Associates acquired a new position in shares of SEA in the 4th quarter valued at $366,000. MYDA Advisors LLC acquired a new position in shares of SEA in the 4th quarter valued at $481,000. Goldman Sachs Group Inc. acquired a new position in shares of SEA in the 4th quarter valued at $1,031,000. Finally, Citadel Advisors LLC acquired a new position in shares of SEA in the 4th quarter valued at $1,585,000. Institutional investors own 68.67% of the company’s stock.
Separately, Zacks Investment Research raised shares of SEA from a “hold” rating to a “buy” rating and set a $14.00 target price on the stock in a research note on Thursday, January 25th. Seven research analysts have rated the stock with a buy rating, The stock presently has a consensus rating of “Buy” and a consensus price target of $18.00.
Shares of SE stock opened at $10.66 on Friday. Sea Ltd has a 52 week low of $10.56 and a 52 week high of $16.99. The company has a quick ratio of 0.40, a current ratio of 0.47 and a debt-to-equity ratio of 1.15.
SEA (NYSE:SE) last issued its earnings results on Tuesday, February 27th. The pipeline company reported ($0.90) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.66) by ($0.24). The firm had revenue of $124.60 million for the quarter, compared to analyst estimates of $110.10 million.
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Sea Limited, an Internet platform company, engages in the digital entertainment, e-commerce, and digital financial service businesses in Greater Southeast Asia. It provides Garena digital entertainment platform for users to access mobile and PC online games, and eSports operations; and access to other entertainment content, such as live streaming of online gameplay and social features.
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