Tree Line Advisors Hong Kong Ltd. increased its position in shares of Sea Ltd (NYSE:SE) by 81.2% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,830,000 shares of the Internet company based in Singapore’s stock after acquiring an additional 820,000 shares during the quarter. SEA comprises approximately 29.9% of Tree Line Advisors Hong Kong Ltd.’s investment portfolio, making the stock its biggest holding. Tree Line Advisors Hong Kong Ltd.’s holdings in SEA were worth $60,793,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in SE. FMR LLC grew its stake in shares of SEA by 6.3% during the 4th quarter. FMR LLC now owns 3,214,100 shares of the Internet company based in Singapore’s stock valued at $36,384,000 after buying an additional 190,000 shares during the period. Norges Bank purchased a new stake in shares of SEA during the 4th quarter valued at $16,980,000. Deutsche Bank AG purchased a new stake in shares of SEA during the 4th quarter valued at $103,000. BNP Paribas Arbitrage SA purchased a new stake in shares of SEA during the 1st quarter valued at $523,000. Finally, Daiwa Securities Group Inc. purchased a new stake in shares of SEA during the 1st quarter valued at $58,000. 59.72% of the stock is currently owned by institutional investors and hedge funds.

Shares of NYSE:SE traded up $1.03 during midday trading on Friday, hitting $35.42. 4,638,000 shares of the company’s stock traded hands, compared to its average volume of 2,993,525. The company has a debt-to-equity ratio of 0.47, a quick ratio of 2.25 and a current ratio of 2.26. The company has a market cap of $10.92 billion, a PE ratio of -11.97 and a beta of 1.32. The firm’s fifty day moving average price is $35.28 and its two-hundred day moving average price is $26.96. Sea Ltd has a twelve month low of $10.52 and a twelve month high of $38.00.

SEA (NYSE:SE) last posted its earnings results on Tuesday, May 21st. The Internet company based in Singapore reported ($0.68) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.91) by $0.23. The business had revenue of $578.82 million for the quarter, compared to analyst estimates of $425.65 million. SEA had a negative net margin of 140.24% and a negative return on equity of 272.42%. As a group, equities research analysts anticipate that Sea Ltd will post -3.09 EPS for the current fiscal year.

SE has been the subject of several research reports. Goldman Sachs Group raised shares of SEA from a “neutral” rating to a “buy” rating in a research note on Tuesday. Zacks Investment Research raised shares of SEA from a “hold” rating to a “buy” rating and set a $38.00 price objective for the company in a research note on Wednesday. Stifel Nicolaus restated a “buy” rating and set a $44.00 target price (up previously from $32.00) on shares of SEA in a report on Wednesday, May 22nd. JPMorgan Chase & Co. initiated coverage on shares of SEA in a report on Wednesday, June 12th. They set an “overweight” rating and a $36.00 target price on the stock. Finally, Credit Suisse Group set a $43.00 target price on shares of SEA and gave the company a “buy” rating in a report on Thursday, July 4th. Six investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. SEA presently has a consensus rating of “Buy” and a consensus target price of $40.80.

About SEA

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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