Sea Ltd (SE) Shares Bought by BlackRock Inc.

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BlackRock Inc. increased its holdings in shares of Sea Ltd (NYSE:SE) by 4.4% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 3,856,954 shares of the pipeline company’s stock after purchasing an additional 160,974 shares during the quarter. BlackRock Inc. owned 1.18% of SEA worth $57,854,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also made changes to their positions in SE. UBS Group AG lifted its holdings in shares of SEA by 6,047.3% during the first quarter. UBS Group AG now owns 72,415 shares of the pipeline company’s stock valued at $816,000 after purchasing an additional 71,237 shares in the last quarter. A.R.T. Advisors LLC bought a new position in shares of SEA during the first quarter valued at $697,000. First Quadrant L P CA bought a new position in shares of SEA during the second quarter valued at $780,000. Federated Investors Inc. PA lifted its holdings in shares of SEA by 45.0% during the first quarter. Federated Investors Inc. PA now owns 87,000 shares of the pipeline company’s stock valued at $980,000 after purchasing an additional 27,000 shares in the last quarter. Finally, Engineers Gate Manager LP bought a new position in shares of SEA during the second quarter valued at $395,000. 28.78% of the stock is currently owned by hedge funds and other institutional investors.

A number of analysts recently commented on the company. ValuEngine cut SEA from a “buy” rating to a “hold” rating in a research report on Tuesday. Zacks Investment Research upgraded SEA from a “sell” rating to a “hold” rating in a research report on Saturday, July 28th. Two research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $18.00.

SEA stock opened at $12.77 on Friday. The firm has a market cap of $4.52 billion and a P/E ratio of -4.69. The company has a debt-to-equity ratio of 4.95, a current ratio of 2.54 and a quick ratio of 2.52. Sea Ltd has a one year low of $10.06 and a one year high of $17.19.

SEA (NYSE:SE) last posted its quarterly earnings data on Tuesday, August 21st. The pipeline company reported ($0.63) EPS for the quarter, beating analysts’ consensus estimates of ($0.73) by $0.10. The company had revenue of $183.78 million during the quarter, compared to analysts’ expectations of $159.30 million. SEA had a negative return on equity of 563.92% and a negative net margin of 154.57%. As a group, research analysts anticipate that Sea Ltd will post -2.59 earnings per share for the current year.

SEA Company Profile

Sea Limited engages in the digital entertainment, e-commerce, and digital financial service businesses in the Greater Southeast Asia. The company operates through three segments: Digital Entertainment, E-commerce and Digital Financial services. It provides Garena digital entertainment platform for users to access mobile and PC online games, and eSports operations; and access to other entertainment content, such as live streaming of online gameplay and social features.

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Institutional Ownership by Quarter for SEA (NYSE:SE)

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