Krane Funds Advisors LLC Sells 3,970 Shares of Sea Limited (NYSE:SE)

Krane Funds Advisors LLC cut its stake in Sea Limited (NYSE:SE) by 22.4% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 13,762 shares of the Internet company based in Singapore’s stock after selling 3,970 shares during the quarter. Krane Funds Advisors LLC’s holdings in SEA were worth $3,779,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of SE. Verdence Capital Advisors LLC increased its stake in shares of SEA by 1.1% during the second quarter. Verdence Capital Advisors LLC now owns 4,649 shares of the Internet company based in Singapore’s stock valued at $1,277,000 after buying an additional 49 shares during the period. Thomas J. Herzfeld Advisors Inc. increased its stake in shares of SEA by 36.2% during the first quarter. Thomas J. Herzfeld Advisors Inc. now owns 188 shares of the Internet company based in Singapore’s stock valued at $42,000 after buying an additional 50 shares during the period. Lindbrook Capital LLC increased its stake in shares of SEA by 8.1% during the second quarter. Lindbrook Capital LLC now owns 664 shares of the Internet company based in Singapore’s stock valued at $182,000 after buying an additional 50 shares during the period. Menard Financial Group LLC increased its stake in shares of SEA by 1.9% during the second quarter. Menard Financial Group LLC now owns 2,886 shares of the Internet company based in Singapore’s stock valued at $792,000 after buying an additional 55 shares during the period. Finally, JCIC Asset Management Inc. increased its stake in shares of SEA by 1.4% during the second quarter. JCIC Asset Management Inc. now owns 4,573 shares of the Internet company based in Singapore’s stock valued at $1,557,000 after buying an additional 65 shares during the period. Institutional investors own 52.00% of the company’s stock.

SE has been the topic of several analyst reports. Cowen lifted their target price on SEA from $280.00 to $345.00 and gave the company an “outperform” rating in a research note on Monday, August 16th. Sanford C. Bernstein initiated coverage on SEA in a research note on Wednesday, June 16th. They issued an “outperform” rating on the stock. Zacks Investment Research lowered SEA from a “hold” rating to a “sell” rating in a research note on Saturday, August 21st. Bank of America upgraded SEA from a “neutral” rating to a “buy” rating and lifted their target price for the company from $260.00 to $340.00 in a research note on Thursday, June 10th. Finally, Morgan Stanley lifted their target price on SEA from $300.00 to $320.00 and gave the company an “overweight” rating in a research note on Thursday, July 22nd. One equities research analyst has rated the stock with a sell rating and eleven have assigned a buy rating to the company. According to MarketBeat, SEA currently has an average rating of “Buy” and a consensus price target of $278.42.

Shares of SEA stock traded down $2.31 on Friday, reaching $340.41. 2,371,857 shares of the stock were exchanged, compared to its average volume of 3,764,893. The company has a quick ratio of 1.58, a current ratio of 1.60 and a debt-to-equity ratio of 0.36. Sea Limited has a twelve month low of $149.55 and a twelve month high of $359.84. The firm has a market capitalization of $174.27 billion, a price-to-earnings ratio of -95.09 and a beta of 1.32. The business has a 50 day moving average price of $314.14 and a two-hundred day moving average price of $272.08.

SEA (NYSE:SE) last released its earnings results on Monday, August 16th. The Internet company based in Singapore reported ($0.61) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.52) by ($0.09). SEA had a negative return on equity of 64.29% and a negative net margin of 26.46%. The firm had revenue of $2.28 billion for the quarter, compared to analyst estimates of $2.02 billion. During the same period last year, the firm earned ($0.68) EPS. The company’s revenue for the quarter was up 158.6% compared to the same quarter last year. Research analysts forecast that Sea Limited will post -3.3 EPS for the current year.

SEA Company Profile

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.

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Institutional Ownership by Quarter for SEA (NYSE:SE)

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