Syon Capital LLC Invests $357,000 in Sea Limited (NYSE:SE)

Syon Capital LLC acquired a new stake in Sea Limited (NYSE:SE) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 8,822 shares of the Internet company based in Singapore’s stock, valued at approximately $357,000.

Several other hedge funds have also recently added to or reduced their stakes in the company. Maryland State Retirement & Pension System increased its holdings in shares of SEA by 2.2% in the third quarter. Maryland State Retirement & Pension System now owns 12,427 shares of the Internet company based in Singapore’s stock valued at $546,000 after purchasing an additional 271 shares during the last quarter. Sunbelt Securities Inc. increased its stake in shares of SEA by 91.4% in the 3rd quarter. Sunbelt Securities Inc. now owns 670 shares of the Internet company based in Singapore’s stock worth $29,000 after acquiring an additional 320 shares during the last quarter. UMB Bank n.a. raised its holdings in shares of SEA by 70.9% during the 4th quarter. UMB Bank n.a. now owns 788 shares of the Internet company based in Singapore’s stock worth $32,000 after acquiring an additional 327 shares during the period. Meiji Yasuda Asset Management Co Ltd. boosted its position in shares of SEA by 4.3% during the 3rd quarter. Meiji Yasuda Asset Management Co Ltd. now owns 8,662 shares of the Internet company based in Singapore’s stock valued at $381,000 after acquiring an additional 360 shares during the last quarter. Finally, Cigna Investments Inc. New grew its holdings in shares of SEA by 6.0% in the fourth quarter. Cigna Investments Inc. New now owns 7,119 shares of the Internet company based in Singapore’s stock valued at $288,000 after purchasing an additional 401 shares during the period. 59.53% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages have commented on SE. Sanford C. Bernstein lifted their target price on shares of SEA from $60.00 to $70.00 and gave the stock an “outperform” rating in a research note on Thursday, March 14th. HSBC lifted their price target on shares of SEA from $70.00 to $76.00 and gave the company a “buy” rating in a research report on Tuesday, March 5th. JPMorgan Chase & Co. upgraded SEA from a “neutral” rating to an “overweight” rating and increased their price objective for the stock from $43.00 to $70.00 in a research report on Tuesday, March 5th. Wedbush raised their target price on SEA from $45.00 to $72.00 and gave the stock an “outperform” rating in a research note on Tuesday, March 5th. Finally, Loop Capital raised SEA from a “hold” rating to a “buy” rating and upped their price target for the company from $59.00 to $92.00 in a research note on Wednesday. Three investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat.com, SEA presently has a consensus rating of “Moderate Buy” and a consensus price target of $70.00.

SEA Trading Up 0.0 %

NYSE:SE opened at $62.86 on Friday. The stock has a market cap of $35.50 billion, a P/E ratio of 261.92 and a beta of 1.50. Sea Limited has a 1 year low of $34.35 and a 1 year high of $88.39. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.43 and a current ratio of 1.44. The stock has a 50-day simple moving average of $54.59 and a 200-day simple moving average of $45.19.

SEA (NYSE:SE) last issued its quarterly earnings data on Monday, March 4th. The Internet company based in Singapore reported ($0.19) earnings per share for the quarter, missing the consensus estimate of ($0.06) by ($0.13). SEA had a return on equity of 2.54% and a net margin of 1.27%. The company had revenue of $3.62 billion for the quarter, compared to analysts’ expectations of $3.57 billion. During the same quarter in the prior year, the firm posted $0.72 EPS. The firm’s quarterly revenue was up 5.7% compared to the same quarter last year. As a group, analysts anticipate that Sea Limited will post 0.72 earnings per share for the current fiscal year.

SEA Profile

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.