Voya Financial Advisors Inc. boosted its holdings in shares of Sea Limited (NYSE:SE) by 4.1% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 3,275 shares of the Internet company based in Singapore’s stock after purchasing an additional 130 shares during the period. Voya Financial Advisors Inc.’s holdings in SEA were worth $644,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Absoluto Partners Gestao de Recursos Ltda acquired a new position in shares of SEA during the fourth quarter worth $5,808,000. FormulaFolio Investments LLC acquired a new position in shares of SEA during the fourth quarter worth $241,000. Norges Bank acquired a new stake in SEA in the fourth quarter valued at $548,158,000. Capital Asset Advisory Services LLC acquired a new stake in SEA in the fourth quarter valued at $85,000. Finally, Healthcare of Ontario Pension Plan Trust Fund increased its holdings in SEA by 343.9% in the fourth quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 1,931 shares of the Internet company based in Singapore’s stock valued at $384,000 after purchasing an additional 1,496 shares during the period. Hedge funds and other institutional investors own 74.36% of the company’s stock.
SE has been the subject of a number of recent research reports. Morgan Stanley increased their price objective on SEA from $188.00 to $250.00 in a report on Monday, February 1st. Zacks Investment Research downgraded SEA from a “hold” rating to a “sell” rating in a report on Friday, March 5th. Stifel Nicolaus increased their price objective on shares of SEA from $225.00 to $260.00 and gave the stock a “hold” rating in a research report on Tuesday, March 9th. Macquarie raised shares of SEA from a “neutral” rating to an “outperform” rating and set a $280.00 price objective on the stock in a research report on Monday, March 15th. Finally, China Renaissance Securities began coverage on shares of SEA in a research report on Monday, February 1st. They set a “buy” rating on the stock. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and eight have issued a buy rating to the stock. SEA presently has a consensus rating of “Buy” and an average target price of $203.38.
SEA (NYSE:SE) last announced its quarterly earnings results on Monday, March 1st. The Internet company based in Singapore reported ($0.87) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.54) by ($0.33). SEA had a negative net margin of 38.59% and a negative return on equity of 144.79%. The business had revenue of $1.57 billion during the quarter, compared to the consensus estimate of $1.51 billion. During the same period in the previous year, the business posted ($0.53) EPS. SEA’s revenue was up 101.5% compared to the same quarter last year. On average, sell-side analysts predict that Sea Limited will post -3.28 EPS for the current year.
SEA Company Profile
Sea Limited engages in the digital entertainment, e-commerce, and digital financial service businesses in Southeast Asia, Latin America, rest of Asia, and internationally. It provides Garena digital entertainment platform for users to access mobile and PC online games, as well as eSports operations; and access to other entertainment content, such as livestreaming of gameplay and social features , such as user chat and online forums.
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