Sea Limited (NYSE:SE) Stock Position Trimmed by Arohi Asset Management PTE Ltd.

Arohi Asset Management PTE Ltd. lowered its holdings in Sea Limited (NYSE:SE) by 0.2% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,987,958 shares of the Internet company based in Singapore’s stock after selling 4,300 shares during the quarter. SEA accounts for 61.8% of Arohi Asset Management PTE Ltd.’s holdings, making the stock its biggest position. Arohi Asset Management PTE Ltd.’s holdings in SEA were worth $187,425,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of the stock. Rosenberg Matthew Hamilton boosted its stake in shares of SEA by 213.7% during the 3rd quarter. Rosenberg Matthew Hamilton now owns 298 shares of the Internet company based in Singapore’s stock worth $28,000 after acquiring an additional 203 shares in the last quarter. SOA Wealth Advisors LLC. purchased a new stake in shares of SEA in the second quarter valued at approximately $32,000. Truvestments Capital LLC acquired a new position in shares of SEA during the 3rd quarter worth approximately $41,000. Hexagon Capital Partners LLC lifted its position in shares of SEA by 63.1% during the 2nd quarter. Hexagon Capital Partners LLC now owns 654 shares of the Internet company based in Singapore’s stock valued at $47,000 after buying an additional 253 shares in the last quarter. Finally, Icon Wealth Advisors LLC acquired a new stake in SEA in the 3rd quarter valued at $47,000. Hedge funds and other institutional investors own 59.53% of the company’s stock.

SEA Stock Performance

Shares of SEA stock opened at $113.80 on Monday. The company has a quick ratio of 1.60, a current ratio of 1.62 and a debt-to-equity ratio of 0.36. The firm’s 50 day moving average is $100.60 and its two-hundred day moving average is $82.93. The firm has a market capitalization of $65.13 billion, a P/E ratio of 758.67 and a beta of 1.52. Sea Limited has a 52 week low of $34.35 and a 52 week high of $117.85.

SEA (NYSE:SE) last released its quarterly earnings results on Tuesday, November 12th. The Internet company based in Singapore reported $0.24 EPS for the quarter, missing the consensus estimate of $0.59 by ($0.35). SEA had a return on equity of 1.40% and a net margin of 0.64%. The firm had revenue of $4.33 billion for the quarter, compared to analyst estimates of $4.09 billion. During the same period last year, the firm earned ($0.26) EPS. The company’s quarterly revenue was up 30.8% on a year-over-year basis. Research analysts forecast that Sea Limited will post 0.81 EPS for the current fiscal year.

Wall Street Analyst Weigh In

SE has been the subject of a number of research analyst reports. TD Cowen upped their price objective on shares of SEA from $69.00 to $100.00 and gave the stock a “hold” rating in a research report on Wednesday, November 13th. Wedbush reaffirmed an “outperform” rating and issued a $105.00 price target (up previously from $84.00) on shares of SEA in a report on Monday, November 4th. Phillip Securities reaffirmed a “reduce” rating and set a $100.00 target price (up from $80.00) on shares of SEA in a research note on Tuesday, November 19th. Dbs Bank raised SEA from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, November 13th. Finally, Bank of America lifted their target price on shares of SEA from $84.00 to $96.00 and gave the company a “buy” rating in a report on Monday, September 23rd. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $91.21.

About SEA

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 promotes eSports operations.