BlackRock Inc. grew its stake in Sea Ltd (NYSE:SE) by 4.4% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,856,954 shares of the pipeline company’s stock after buying an additional 160,974 shares during the quarter. BlackRock Inc.’s holdings in SEA were worth $57,854,000 as of its most recent SEC filing.
Several other large investors have also added to or reduced their stakes in the stock. Wells Fargo & Company MN grew its position in shares of SEA by 0.5% during the first quarter. Wells Fargo & Company MN now owns 1,027,538 shares of the pipeline company’s stock worth $11,580,000 after purchasing an additional 5,000 shares in the last quarter. Federated Investors Inc. PA grew its position in shares of SEA by 45.0% during the first quarter. Federated Investors Inc. PA now owns 87,000 shares of the pipeline company’s stock worth $980,000 after purchasing an additional 27,000 shares in the last quarter. UBS Group AG grew its position in shares of SEA by 6,047.3% during the first quarter. UBS Group AG now owns 72,415 shares of the pipeline company’s stock worth $816,000 after purchasing an additional 71,237 shares in the last quarter. A.R.T. Advisors LLC purchased a new stake in shares of SEA during the first quarter worth about $697,000. Finally, First Quadrant L P CA purchased a new stake in shares of SEA during the second quarter worth about $780,000. Hedge funds and other institutional investors own 28.78% of the company’s stock.
NYSE:SE opened at $12.77 on Friday. The company has a debt-to-equity ratio of 4.95, a current ratio of 2.54 and a quick ratio of 2.52. Sea Ltd has a 12-month low of $10.06 and a 12-month high of $17.19. The stock has a market cap of $4.52 billion and a P/E ratio of -4.69.
SEA (NYSE:SE) last released its earnings results on Tuesday, August 21st. The pipeline company reported ($0.63) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.73) by $0.10. SEA had a negative return on equity of 563.92% and a negative net margin of 154.57%. The firm had revenue of $183.78 million during the quarter, compared to analysts’ expectations of $159.30 million. As a group, research analysts anticipate that Sea Ltd will post -2.59 EPS for the current year.
Several analysts recently issued reports on the company. ValuEngine cut SEA from a “buy” rating to a “hold” rating in a research report on Wednesday, August 8th. Zacks Investment Research cut SEA from a “hold” rating to a “sell” rating in a research report on Wednesday, July 18th. Two analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of $18.00.
SEA Company Profile
Sea Limited engages in the digital entertainment, e-commerce, and digital financial service businesses in the Greater Southeast Asia. The company operates through three segments: Digital Entertainment, E-commerce and Digital Financial services. 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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