Redpoint Investment Management Pty Ltd makes new investment in Sea Limited (NYSE: SE)


Redpoint Investment Management Pty Ltd acquired a new position in Sea Limited (NYSE: SE – Get Rating) in the first quarter, according to the company in its latest form 13F, submitted to the Securities and Exchange Commission. The fund acquired 6,887 shares of the online company, based in Singapore, worth approximately $ 825,000.

A number of other hedge funds have also bought and sold shares in the business. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH bought a new position in SEA in the first quarter worth $ 868,000. Dynamic Advisor Solutions LLC increased its stake in SEA shares by 229.5% in the first quarter. Dynamic Advisor Solutions LLC already owns 3,941 shares of the online company, based in Singapore shares worth $ 472,000 after buying an additional 2,745 shares during the period. Veriti Management LLC increased its stake in SEA shares by 51.4% in the first quarter. Veriti Management LLC already owns 1,853 shares of the online company, based in Singapore shares worth $ 222,000 after buying an additional 629 shares during the period. Addison Capital Co increased its stake in SEA shares by 0.7% in the first quarter. Addison Capital Co. now owns 58,387 shares of the online company, based in Singapore shares worth $ 6,994,000 after buying an additional 430 shares during the period. Finally, Deltec Asset Management LLC increased its stake in SEA shares by 35.5% in the first quarter. Deltec Asset Management LLC now owns 16,400 shares of the online company, based in Singapore shares worth $ 1,965,000 after buying an additional 4,300 shares during the period. 90.71% of the shares are currently owned by institutional investors and hedge funds.

Shares of SEA opened at $ 80.47 on Friday. Sea Limited has a 52-week low of $ 54.06 and a 52-week high of $ 372.70. The business has a 50-day simple moving average of $ 79.60 and a 200-day simple moving average of $ 128.41. The company has a fast ratio of 2.00, a current ratio of 2.02 and a debt to equity ratio of 0.66. The shares have a market capitalization of 44.88 billion dollars, a price / earnings ratio of -19.87 and a beta of 1.56.

SEA (NYSE: SE – Get rating) last published its results on Tuesday, May 17. The Singapore-based Internet company reported ($ 1.04) EPS for the quarter, beating the consensus estimate of ($ 1.06) by $ 0.02. SEA had a negative return on equity of 35.06% and a negative net profit of 19.85%. The business had revenue of $ 2.90 billion in the quarter, compared to analysts’ expectations of $ 2.86 billion. During the same period last year, the business earned ($ 0.82) earnings per share. The company’s revenues increased by 64.4% on an annual basis. On average, research analysts predict that Sea Limited will report -4.58 earnings per share for the current year.

Several analysts have released reports on the company. Morgan Stanley suspended the buy rating and published a target price of $ 220.00 on SEA shares in a research note on Friday, April 8. CICC Research took over SEA coverage in a research note on Wednesday, April 27th. They issued a rating “superior” to the shares. Citigroup lowered its target price for the SEA from $ 241.00 to $ 221.00 in a research note on Wednesday, March 2. Stifel Nicolaus lowered his target price for the SEA from $ 160.00 to $ 115.00 in a research note on Wednesday, May 18th. Finally, Cowen reduced its SEA price target from $ 133.00 to $ 115.00 in a study note on Wednesday, May 18th. Two investment analysts rated the shares with a retention rating, and thirteen issued a rating for the purchase of shares. According to MarketBeat, the shares have an average “Moderate Buy” rating and a consensus target of $ 218.75.

About the SEA (Get a rating)

Sea Limited, together with its subsidiaries, is involved in the digital entertainment, e-commerce and digital financial services business in Southeast Asia, Latin America, the rest of Asia and internationally. It offers the Garena digital entertainment platform for users to access mobile and computer online games, as well as e-sports operations; and access to other entertainment content, including live gameplay and social features such as user chat and online forums.

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Institutional ownership by quarter for SEA (NYSE: SE)



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