Gladstone Capital Management LLP Makes New Investment in Sea Ltd (NYSE:SE)

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Gladstone Capital Management LLP bought a new position in Sea Ltd (NYSE:SE) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 101,499 shares of the Internet company based in Singapore’s stock, valued at approximately $3,372,000. SEA comprises about 0.9% of Gladstone Capital Management LLP’s portfolio, making the stock its 10th largest position.

Several other hedge funds and other institutional investors also recently made changes to their positions in SE. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. bought a new stake in shares of SEA in the second quarter worth $44,000. Mitsubishi UFJ Trust & Banking Corp lifted its position in shares of SEA by 7.6% in the second quarter. Mitsubishi UFJ Trust & Banking Corp now owns 777,010 shares of the Internet company based in Singapore’s stock worth $25,812,000 after purchasing an additional 55,030 shares in the last quarter. Myriad Asset Management Ltd. bought a new stake in shares of SEA in the second quarter worth $3,013,000. Mckinley Capital Management LLC Delaware lifted its position in shares of SEA by 280.7% in the second quarter. Mckinley Capital Management LLC Delaware now owns 151,087 shares of the Internet company based in Singapore’s stock worth $5,019,000 after purchasing an additional 111,398 shares in the last quarter. Finally, Jennison Associates LLC bought a new stake in shares of SEA in the second quarter worth $21,530,000. 59.72% of the stock is owned by institutional investors.

Shares of SE stock opened at $34.62 on Wednesday. The stock has a fifty day simple moving average of $35.24. The company has a debt-to-equity ratio of 0.47, a quick ratio of 2.25 and a current ratio of 2.26. The company has a market capitalization of $11.12 billion, a price-to-earnings ratio of -11.70 and a beta of 1.32. Sea Ltd has a 12 month low of $10.52 and a 12 month high of $38.00.

SEA (NYSE:SE) last posted its quarterly earnings results on Tuesday, May 21st. The Internet company based in Singapore reported ($0.68) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.91) by $0.23. SEA had a negative net margin of 140.24% and a negative return on equity of 272.42%. The firm had revenue of $578.82 million for the quarter, compared to analyst estimates of $425.65 million. As a group, equities analysts predict that Sea Ltd will post -3.3 EPS for the current year.

A number of analysts have recently commented on SE shares. Credit Suisse Group set a $43.00 price objective on shares of SEA and gave the stock a “buy” rating in a research report on Thursday, July 4th. Piper Jaffray Companies boosted their price objective on shares of SEA from $35.00 to $43.00 and gave the stock an “overweight” rating in a research report on Thursday, August 8th. JPMorgan Chase & Co. started coverage on shares of SEA in a research report on Wednesday, June 12th. They issued an “overweight” rating and a $36.00 price objective on the stock. Zacks Investment Research lowered shares of SEA from a “buy” rating to a “hold” rating in a research report on Wednesday, July 24th. Finally, Goldman Sachs Group raised shares of SEA from a “neutral” rating to a “buy” rating in a research report on Tuesday. One analyst has rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $41.00.

SEA Company Profile

Sea Limited engages in the digital entertainment, e-commerce, and digital financial service businesses in Taiwan, Thailand, Vietnam, Indonesia, and internationally. 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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