Millennium Management LLC Increases Position in Sea Ltd (NYSE:SE)

Millennium Management LLC increased its holdings in Sea Ltd (NYSE:SE) by 112.5% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 678,183 shares of the Internet company based in Singapore’s stock after acquiring an additional 359,110 shares during the quarter. Millennium Management LLC owned approximately 0.21% of SEA worth $20,989,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also modified their holdings of SE. First Trust Advisors LP acquired a new position in SEA during the 1st quarter worth $301,000. Daiwa Securities Group Inc. raised its stake in SEA by 85.7% during the second quarter. Daiwa Securities Group Inc. now owns 4,550 shares of the Internet company based in Singapore’s stock valued at $151,000 after buying an additional 2,100 shares in the last quarter. Manning & Napier Group LLC lifted its holdings in SEA by 70.0% during the 2nd quarter. Manning & Napier Group LLC now owns 2,802,275 shares of the Internet company based in Singapore’s stock worth $93,089,000 after buying an additional 1,153,575 shares during the last quarter. Tuttle Tactical Management bought a new position in SEA during the 2nd quarter worth approximately $2,142,000. Finally, Aperio Group LLC grew its position in shares of SEA by 4.2% in the 2nd quarter. Aperio Group LLC now owns 9,864 shares of the Internet company based in Singapore’s stock worth $328,000 after acquiring an additional 397 shares in the last quarter. 62.68% of the stock is owned by hedge funds and other institutional investors.

A number of equities research analysts have recently weighed in on the company. ValuEngine downgraded SEA from a “buy” rating to a “hold” rating in a report on Wednesday, October 2nd. Stifel Nicolaus raised their price objective on SEA from $44.00 to $45.00 and gave the stock a “buy” rating in a research note on Wednesday, August 21st. Citigroup set a $38.00 price objective on shares of SEA and gave the stock a “buy” rating in a report on Wednesday, August 21st. Credit Suisse Group set a $44.00 target price on shares of SEA and gave the company a “buy” rating in a research note on Wednesday, August 21st. Finally, Zacks Investment Research lowered shares of SEA from a “hold” rating to a “sell” rating in a research note on Saturday, November 16th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and six have issued a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $41.33.

SE opened at $36.57 on Tuesday. The company has a quick ratio of 1.61, a current ratio of 1.62 and a debt-to-equity ratio of 0.46. The company’s 50-day moving average price is $32.36 and its 200 day moving average price is $32.28. Sea Ltd has a fifty-two week low of $10.52 and a fifty-two week high of $38.98. The firm has a market cap of $12.11 billion, a price-to-earnings ratio of -12.35 and a beta of 1.42.

SEA (NYSE:SE) last issued its earnings results on Tuesday, November 12th. The Internet company based in Singapore reported ($0.41) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.64) by $0.23. The company had revenue of $763.30 million during the quarter, compared to the consensus estimate of $700.71 million. SEA had a negative return on equity of 104.70% and a negative net margin of 86.49%. SEA’s quarterly revenue was up 214.4% compared to the same quarter last year. During the same period in the previous year, the firm posted ($2.03) earnings per share. Research analysts anticipate that Sea Ltd will post -3.31 earnings per share for the current year.

SEA Company Profile

Sea Limited engages in the digital entertainment, e-commerce, and digital financial service businesses in Taiwan, Thailand, Vietnam, Indonesia, and internationally. 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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Institutional Ownership by Quarter for SEA (NYSE:SE)

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