The most recent filing that Sea Limited made with the Securities and Exchange Commission revealed that River & Mercantile Asset Management LLP increased its interest in the business during the third quarter.
This information was provided in the filing.
The ticker symbol for Sea Limited’s stock on the NYSE is SE.
At the end of the period, the institutional investor’s holdings in the stock of the Internet company based in Singapore had a total value of $20,930, having acquired an additional 16,530 shares during the period in question.
The most recent disclosure that River & Mercantile Asset Management LLP made with the SEC indicated that the value of its holdings in SEA was $1,172,000.
This information was provided by River & Mercantile Asset Management LLP.
Recently, several analysts have shared their insights regarding SE shares with the investment community. JPMorgan Chase & Co announced, in a research note that was published on November 16th, that they were increasing their price target for SEA shares from $70.00 to $75.00.
The previous price target had been $70.00.
Bank of America revealed its intention to raise its price target for SEA from $60.00 to $92.00 in a research note that was released on Thursday, March 9th.
The note was published online.
In a research note published on March 8th, HSBC upgraded the stock to a “buy” rating and raised its price objective on SEA shares from $87.00 to $92.00.
In addition, they raised their price target from $87.00 to $92.00.
In a research report made available to the public on Thursday, November 17th, Barclays lowered their price objective on shares of SEA from $100.00 to $98.00.
They downgraded the stock from an “overweight” rating to a “neutral” rating.
Last but not least, in a research note published on March 8th, Citigroup increased their price objective on shares of SEA from $105.00 to $110.00 and categorized the stock as a “buy.” Five financial analysts have recommended shareholders maintain their current holdings in the company’s stock.
In comparison, eight analysts have given the stock a buy rating, and one analyst has given the stock a strong buy rating.
The stock is currently rated as having a consensus recommendation of “Moderate Buy,” and its average price goal is $96.43, as indicated by data provided by Bloomberg.com.
Various institutional investors, including hedge funds, have recently modified the total amount of SE they are presently holding in their portfolios.
During the third quarter of the current fiscal year, the National Pension Service increased the percentage of SEA stock it owns by 11.4%.
The National Pension Service has 243,662,000 shares of ownership in the company after purchasing an additional 45,000 shares of the Singapore-based internet firm during the most recent quarter.
This brings the total number of shares that it owns in the company to a total of 243,665,000.
The United Services Automobile Association increased the proportion of SEA stock owned by 6.6% during the third quarter.
The United Services Automobile Association holds 17,870 shares in the internet corporation domiciled in Singapore.
The total value of these shares is one million dollars.
During the relevant period, the corporation made an additional purchase of 1,099 shares.
The ownership portfolio of Nvwm LLC was bolstered by an increase of 15.5% in shares of SEA during the third quarter.
Because of the company’s recent purchase of 2222 additional shares, Nvwm LLC now has 2222 shares of the Internet company based in Singapore.
These shares are currently valued at $125,000 thanks to the company’s recent acquisition of 22,222 additional shares.
The percentage of Sculati Wealth Management LLC’s holdings invested in SEA saw a 3.3% increase during the third quarter due to the firm’s investment strategy.
After making an additional purchase of 184 shares during the period in question, Sculati Wealth Management LLC now has a total of 5,697 shares of stock in the Internet company based in Singapore, which has a value of $319,000 when taken into account as a whole.
During the third quarter, Susquehanna International Group Ltd purchased a new investment in SEA for approximately $6,2330,000; this was the last and most significant point.
Institutional investors and hedge funds currently control 74.92% of the total shares issued by the company.
On Thursday, the market’s opening price for SEA shares was $75.23.
Trading began at that time.
The company’s beta value is 1.66, and its price-to-earnings ratio is -24.99, contributing to its $41.96 billion in market capitalization.
During the last year, the all-time low for Sea Limited stock was $40.67, while the all-time high was $136.43.
The stock price has a simple moving average of $58.79 for the last 200 trading days, while the price has a simple moving average of $65.38 for the last 50 trading days.
The debt-to-equity ratio is 0.57, the current ratio is 1.83, and the quick ratio is 1.81.
All three of these ratios are similar to one another.
The most recent earnings report for SEA (NYSE: SE) was made available to the general public on March 7th.
The Singapore-based internet company reported earnings per share for the period of $0.72, which was $1.47 more than analysts expected on average for the period.
The actual revenue for the quarter was $3.45 billion, which is a sizeable increase compared to the average expectation of $3.05 billion for the quarter’s revenue.
The return on equity for SEA was also negative, coming in at 26.25%, and the company had a negative net margin of 13.28%. Compared to the same quarter in the previous year, the total revenue for the quarter showed an increase of 7.1%.
In the same quarter of the previous year, the company posted a loss of $1.12 in revenue per share.
This was a decrease from the previous year.
According to the forecasts provided by research analysts, Sea Limited’s current financial year is anticipated to result in $2.25 per share earnings.
The services for online gaming are provided by Sea Ltd, an organization specializing in developing platforms for mobile devices and the internet.
Its three distinct business divisions comprise e-commerce, digital entertainment, and digital financial services.
Existing and brand-new online gaming options are made available for personal computers and mobile devices thanks to the growth of the digital entertainment industry.