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River & Mercantile Asset Management LLP Boosted its Investment in Sea Limited.

March 18, 2023
minute read

According to the most recent Securities and Exchange Commission filing by Sea Limited, River & Mercantile Asset Management LLP boosted its stake in the company during the third quarter.

SE is the NYSE ticker symbol for Sea Limited's shares.

The institutional investor's holdings in the stock of the Singapore-based Internet firm had a total value of $20,930 after the quarter, having bought an extra 16,530 shares during the time 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.

River & Mercantile Asset Management LLP's most recent SEC filing stated that the value of its interests in SEA was $1,172,000.

River & Mercantile Asset Management LLP contributed this information.

Many analysts recently shared their thoughts on SE shares with the financial community. JPMorgan Chase & Co reported on November 16th that they were raising their price objective for SEA shares from $70.00 to $75.00 in a research note.

The prior pricing goal was $70.00.

In a research note issued on Thursday, March 9th, Bank of America stated its plan to boost its price objective for SEA from $60.00 to $92.00.

The note was made public online.

HSBC upgraded the stock to a "buy" rating and boosted its price target on SEA shares from $87.00 to $92.00 in a research report released on March 8th.

They also increased their price objective from $87.00 to $92.00.

Barclays reduced their price target on SEA shares from $100.00 to $98.00 in a research report made public on Thursday, November 17th.

They reduced the stock from an "overweight" to a "neutral" rating.

Last but not least, Citigroup raised their price target on shares of SEA from $105.00 to $110.00 in a research note released on March 8th, classifying the stock as a "buy." Five financial experts have suggested owners keep their present holdings in the company's stock.

In comparison, eight analysts have given the stock a buy recommendation, with one giving it a strong buy rating.

According to statistics, the company now has a consensus recommendation of "Moderate Buy," and its average price target is $96.43.

Some institutional investors, notably hedge funds, have lately reduced the total amount of SE in their portfolios.

The National Pension Service boosted its holdings in SEA stock by 11.4% during the third quarter of the current fiscal year.

The National Pension Service now owns 243,662,000 shares of the Singapore-based internet corporation, having purchased an extra 45,000 shares during the most recent quarter.

This takes the total number of shares owned by the business to 243,665,000.

During the third quarter, the United Services Automobile Association boosted its ownership in SEA stock by 6.6%.

The United Services Automobile Association has 17,870 shares in the Singapore-based internet firm.

These shares are worth a total of one million dollars.

During the relevant period, the corporation purchased an extra 1,099 shares.

During the third quarter, Nvwm LLC's ownership portfolio was increased by a 15.5% gain in SEA shares.

Nvwm LLC currently owns 2222 shares of the Singapore-based Internet corporation as a result of the company's recent purchase of 2222 more shares.

Because of the company's recent acquisition of 22,222 extra shares, these shares are now worth $125,000.

According to the firm's investment strategy, the percentage of Sculati Wealth Management LLC's holdings invested in SEA increased by 3.3% during the third quarter.

Sculati Wealth Management LLC now possesses a total of 5,697 shares of stock in the Singapore-based Internet firm, with a total worth of $319,000 when all purchases are taken into consideration.

Susquehanna International Group Ltd bought a fresh stake in SEA for roughly $6,2330,000 during the third quarter; this was the final and most critical point.

Institutional investors and hedge funds now own 74.92% of the company's total shares.

The opening price for SEA shares on Thursday was $75.23.

The trade started at that time.

The company's beta value is 1.66, and its price-to-earnings ratio is -24.99, all of which contribute to its market capitalization of $41.96 billion.

The all-time low for Sea Limited stock in the previous year was $40.67, and the all-time high was $136.43.

During the previous 200 trading days, the stock price has a simple moving average of $58.79, while for the last 50 trading days, the price has a simple moving average of $65.38.

Debt-to-equity is 0.57, the current ratio is 1.83, and the quick ratio is 1.81.

These three ratios are all comparable to one another.

On March 7th, the most recent earnings report for SEA (NYSE: SE) was made available to the general public.

The Singapore-based online corporation reported $0.72 profits per share for the period, which was $1.47 higher than analysts predicted on average.

The actual revenue for the quarter was $3.45 billion, a significant rise over the average revenue projection of $3.05 billion for the quarter.

The company's return on equity was likewise negative, coming in at 26.25%, and it had a negative net margin of 13.28%. The overall revenue for the quarter increased by 7.1% as compared to the same quarter the prior year.

In the same quarter the prior year, the business lost $1.12 per share in sales.

This was down from the prior year.

Sea Limited's current fiscal year profits are expected to be $2.25 per share, according to research experts' expectations.

 

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