Watershed Asset Management L.L.C. Has $1.20 Million Stock Position in Sea Limited (NYSE:SE)

Watershed Asset Management L.L.C. grew its stake in Sea Limited (NYSE:SE) by 36.4% in the 4th quarter, Holdings Channel reports. The institutional investor owned 29,600 shares of the Internet company based in Singapore’s stock after buying an additional 7,900 shares during the quarter. SEA accounts for 1.4% of Watershed Asset Management L.L.C.’s holdings, making the stock its 13th biggest position. Watershed Asset Management L.L.C.’s holdings in SEA were worth $1,199,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Baillie Gifford & Co. raised its position in SEA by 30.8% in the 4th quarter. Baillie Gifford & Co. now owns 34,183,394 shares of the Internet company based in Singapore’s stock valued at $1,384,427,000 after buying an additional 8,045,977 shares during the last quarter. Assenagon Asset Management S.A. grew its position in SEA by 12,344.0% in the fourth quarter. Assenagon Asset Management S.A. now owns 2,655,668 shares of the Internet company based in Singapore’s stock valued at $107,555,000 after purchasing an additional 2,634,327 shares in the last quarter. Ribbit Bullfrog GP II Ltd. acquired a new stake in SEA in the 3rd quarter valued at $33,630,000. Allspring Global Investments Holdings LLC boosted its stake in shares of SEA by 20,743.2% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 743,268 shares of the Internet company based in Singapore’s stock worth $32,667,000 after buying an additional 739,702 shares during the last quarter. Finally, Kontiki Capital Management HK Ltd. grew its holdings in shares of SEA by 19.2% in the 3rd quarter. Kontiki Capital Management HK Ltd. now owns 3,796,957 shares of the Internet company based in Singapore’s stock valued at $166,876,000 after acquiring an additional 612,518 shares in the last quarter. Institutional investors own 59.53% of the company’s stock.

SEA Stock Performance

Shares of SEA stock traded up $2.60 during trading on Tuesday, reaching $62.03. The company’s stock had a trading volume of 8,037,885 shares, compared to its average volume of 6,581,387. Sea Limited has a 52 week low of $34.35 and a 52 week high of $88.39. The firm has a market cap of $35.03 billion, a PE ratio of 258.46 and a beta of 1.50. The business’s 50-day moving average price is $53.04 and its 200-day moving average price is $44.65. The company has a quick ratio of 1.43, a current ratio of 1.44 and a debt-to-equity ratio of 0.46.

SEA (NYSE:SE) last posted its quarterly earnings data on Monday, March 4th. The Internet company based in Singapore reported ($0.19) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.06) by ($0.13). SEA had a net margin of 1.27% and a return on equity of 2.54%. The business had revenue of $3.62 billion during the quarter, compared to the consensus estimate of $3.57 billion. During the same period in the prior year, the firm earned $0.72 EPS. The business’s revenue for the quarter was up 5.7% on a year-over-year basis. Equities analysts forecast that Sea Limited will post 1.01 earnings per share for the current year.

Analyst Ratings Changes

Several analysts recently issued reports on SE shares. Sanford C. Bernstein upped their target price on SEA from $60.00 to $70.00 and gave the stock an “outperform” rating in a report on Thursday, March 14th. JPMorgan Chase & Co. upgraded SEA from a “neutral” rating to an “overweight” rating and upped their price objective for the stock from $43.00 to $70.00 in a research note on Tuesday, March 5th. Wedbush raised their target price on shares of SEA from $45.00 to $72.00 and gave the company an “outperform” rating in a research note on Tuesday, March 5th. Bank of America upgraded shares of SEA from a “neutral” rating to a “buy” rating and increased their price target for the company from $62.00 to $70.00 in a research note on Monday. Finally, Citigroup upgraded shares of SEA from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $44.00 to $50.00 in a research note on Thursday, February 1st. Three investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $68.31.

SEA Company Profile

Sea Limited, together with its subsidiaries, engages in the digital entertainment, e-commerce, and digital financial service businesses in Southeast Asia, Latin America, rest of Asia, and internationally. It offers Garena digital entertainment platform for users to access mobile and PC online games, as well as eSports operations.