Charles Lim Capital Ltd increased its stake in shares of Sea (NYSE:SE) by 729.7% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,393,610 shares of the pipeline company’s stock after purchasing an additional 5,623,019 shares during the quarter. SEA accounts for 14.7% of Charles Lim Capital Ltd’s holdings, making the stock its 4th largest holding. Charles Lim Capital Ltd owned about 1.95% of SEA worth $72,056,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. BlackRock Inc. acquired a new position in SEA during the 4th quarter worth $64,475,000. Element Capital Management LLC acquired a new position in SEA during the 4th quarter worth $3,812,000. Segantii Capital Management Ltd acquired a new position in shares of SEA during the 4th quarter worth about $11,816,000. Ontario Teachers Pension Plan Board acquired a new position in shares of SEA during the 4th quarter worth about $123,426,000. Finally, Wells Fargo & Company MN acquired a new position in shares of SEA during the 4th quarter worth about $13,630,000. 68.67% of the stock is owned by hedge funds and other institutional investors.
SEA opened at $13.61 on Tuesday, MarketBeat reports. Sea has a fifty-two week low of $10.06 and a fifty-two week high of $16.99. The company has a current ratio of 0.47, a quick ratio of 0.40 and a debt-to-equity ratio of 1.15.
SEA (NYSE:SE) last posted its earnings results on Wednesday, May 16th. The pipeline company reported ($0.61) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.60) by ($0.01). The firm had revenue of $197.04 million during the quarter, compared to analyst estimates of $159.54 million. During the same period in the prior year, the firm earned ($0.39) earnings per share. The business’s revenue was up 81.2% on a year-over-year basis.
Several research analysts have recently issued reports on the company. ValuEngine raised SEA from a “sell” rating to a “hold” rating in a research report on Wednesday, May 2nd. Zacks Investment Research raised SEA from a “hold” rating to a “buy” rating and set a $14.00 price objective for the company in a research report on Thursday, January 25th. One research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company. SEA currently has a consensus rating of “Buy” and a consensus price target of $18.00.
SEA Company Profile
Sea Limited engages in the digital entertainment, e-commerce, and digital financial service businesses in the Greater Southeast Asia. The company operates through three segments: Digital Entertainment, E-commerce and Digital Financial services. 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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