Sea Limited (NYSE:SE) Shares Sold by Crossmark Global Holdings Inc.

Crossmark Global Holdings Inc. lessened its stake in shares of Sea Limited (NYSE:SE) by 7.8% in the 4th quarter, Holdings Channel reports. The firm owned 14,551 shares of the Internet company based in Singapore’s stock after selling 1,234 shares during the period. Crossmark Global Holdings Inc.’s holdings in SEA were worth $1,544,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of the stock. Baillie Gifford & Co. raised its position in shares of SEA by 15.5% during the 3rd quarter. Baillie Gifford & Co. now owns 39,564,018 shares of the Internet company based in Singapore’s stock worth $3,730,096,000 after purchasing an additional 5,295,590 shares during the last quarter. WCM Investment Management LLC raised its holdings in SEA by 35.9% in the 3rd quarter. WCM Investment Management LLC now owns 20,902,378 shares of the Internet company based in Singapore’s stock valued at $1,971,303,000 after acquiring an additional 5,517,559 shares during the last quarter. Kaizen Investment Management Pte. Ltd. acquired a new stake in SEA in the 3rd quarter valued at about $587,544,000. Eminence Capital LP raised its holdings in SEA by 45.2% in the 2nd quarter. Eminence Capital LP now owns 4,522,441 shares of the Internet company based in Singapore’s stock valued at $322,993,000 after acquiring an additional 1,408,314 shares during the last quarter. Finally, Geode Capital Management LLC raised its holdings in SEA by 4.2% in the 3rd quarter. Geode Capital Management LLC now owns 3,059,521 shares of the Internet company based in Singapore’s stock valued at $283,543,000 after acquiring an additional 124,433 shares during the last quarter. Institutional investors and hedge funds own 59.53% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have commented on SE. Benchmark increased their price objective on shares of SEA from $94.00 to $130.00 and gave the company a “buy” rating in a report on Wednesday, November 13th. Dbs Bank upgraded shares of SEA from a “hold” rating to a “strong-buy” rating in a report on Wednesday, November 13th. Phillip Securities reiterated a “reduce” rating and issued a $100.00 price objective (up previously from $80.00) on shares of SEA in a report on Tuesday, November 19th. Barclays increased their price objective on shares of SEA from $94.00 to $131.00 and gave the company an “overweight” rating in a report on Thursday, November 14th. Finally, Wedbush reissued an “outperform” rating and issued a $105.00 price target (up previously from $84.00) on shares of SEA in a research note on Monday, November 4th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $91.21.

SEA Stock Performance

NYSE:SE opened at $116.44 on Friday. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.60 and a current ratio of 1.62. The stock has a market capitalization of $66.64 billion, a P/E ratio of 776.24 and a beta of 1.54. The company has a 50 day moving average price of $112.14 and a 200 day moving average price of $93.46. Sea Limited has a fifty-two week low of $38.10 and a fifty-two week high of $119.47.

SEA (NYSE:SE) last posted its quarterly earnings data on Tuesday, November 12th. The Internet company based in Singapore reported $0.24 earnings per share for the quarter, missing analysts’ consensus estimates of $0.59 by ($0.35). The company had revenue of $4.33 billion for the quarter, compared to analysts’ expectations of $4.09 billion. SEA had a return on equity of 1.40% and a net margin of 0.64%. The business’s revenue for the quarter was up 30.8% on a year-over-year basis. During the same period in the previous year, the business posted ($0.26) EPS. Equities research analysts forecast that Sea Limited will post 0.76 EPS for the current year.

SEA Company Profile

Sea Ltd. is an internet and mobile platform company, which engages in the provision of online gaming services. It operates through the following segments: Digital Entertainment, E-Commerce, and Digital Financial Services. The Digital Entertainment segment offers and develops mobile and PC online games.