Infinitum Asset Management LLC Purchases Shares of 506,500 Sea Limited (NYSE:SE)

Infinitum Asset Management LLC purchased a new stake in Sea Limited (NYSE:SE) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 506,500 shares of the Internet company based in Singapore’s stock, valued at approximately $53,740,000. SEA makes up approximately 28.4% of Infinitum Asset Management LLC’s holdings, making the stock its largest position.

Several other institutional investors also recently modified their holdings of SE. Private Trust Co. NA increased its holdings in shares of SEA by 474.4% in the fourth quarter. Private Trust Co. NA now owns 247 shares of the Internet company based in Singapore’s stock valued at $26,000 after buying an additional 204 shares in the last quarter. Kestra Investment Management LLC acquired a new stake in SEA during the 4th quarter valued at $34,000. Farther Finance Advisors LLC raised its stake in SEA by 43.8% during the 4th quarter. Farther Finance Advisors LLC now owns 368 shares of the Internet company based in Singapore’s stock valued at $39,000 after purchasing an additional 112 shares during the period. Banque Transatlantique SA acquired a new stake in SEA during the 4th quarter valued at $39,000. Finally, Huntington National Bank raised its stake in SEA by 783.6% during the 4th quarter. Huntington National Bank now owns 486 shares of the Internet company based in Singapore’s stock valued at $52,000 after purchasing an additional 431 shares during the period. Institutional investors own 59.53% of the company’s stock.

Analyst Ratings Changes

Several analysts have issued reports on SE shares. Bank of America downgraded shares of SEA from a “buy” rating to a “neutral” rating and set a $160.00 target price on the stock. in a research note on Friday, May 9th. Barclays boosted their target price on shares of SEA from $182.00 to $200.00 and gave the company an “overweight” rating in a research note on Thursday, May 15th. Sanford C. Bernstein reissued an “outperform” rating and set a $170.00 target price on shares of SEA in a research note on Wednesday, May 14th. Jefferies Financial Group boosted their target price on shares of SEA from $131.00 to $157.00 and gave the company a “buy” rating in a research note on Tuesday, March 4th. Finally, Arete Research raised shares of SEA to a “strong-buy” rating in a research note on Sunday, March 23rd. Three analysts have rated the stock with a hold rating, nine have assigned a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, SEA has an average rating of “Moderate Buy” and a consensus target price of $145.23.

SEA Trading Up 2.4%

SEA stock opened at $164.52 on Monday. The company’s fifty day simple moving average is $132.81 and its 200-day simple moving average is $123.20. The company has a quick ratio of 1.60, a current ratio of 1.62 and a debt-to-equity ratio of 0.36. Sea Limited has a 12 month low of $55.00 and a 12 month high of $165.90. The stock has a market cap of $96.92 billion, a P/E ratio of 1,096.80 and a beta of 1.70.

SEA (NYSE:SE) last posted its quarterly earnings results on Tuesday, May 13th. The Internet company based in Singapore reported $0.65 EPS for the quarter, missing the consensus estimate of $0.93 by ($0.28). The company had revenue of $4.84 billion for the quarter, compared to analysts’ expectations of $4.90 billion. SEA had a net margin of 0.64% and a return on equity of 1.40%. The company’s revenue was up 29.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned ($0.04) earnings per share. As a group, sell-side analysts forecast that Sea Limited will post 0.74 EPS for the current fiscal 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.