Vinva Investment Management Ltd Grows Stock Holdings in Sea Limited (NYSE:SE)

Vinva Investment Management Ltd grew its holdings in shares of Sea Limited (NYSE:SE) by 43.5% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 68,524 shares of the Internet company based in Singapore’s stock after purchasing an additional 20,773 shares during the quarter. Vinva Investment Management Ltd’s holdings in SEA were worth $6,462,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Duquesne Family Office LLC purchased a new stake in shares of SEA during the second quarter worth about $4,778,000. WCM Investment Management LLC grew its position in SEA by 35.9% during the 3rd quarter. WCM Investment Management LLC now owns 20,902,378 shares of the Internet company based in Singapore’s stock worth $1,971,303,000 after purchasing an additional 5,517,559 shares during the last quarter. Robeco Institutional Asset Management B.V. increased its stake in SEA by 1.8% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 404,096 shares of the Internet company based in Singapore’s stock valued at $38,098,000 after purchasing an additional 7,175 shares in the last quarter. Toronto Dominion Bank raised its holdings in shares of SEA by 28.2% in the second quarter. Toronto Dominion Bank now owns 892,969 shares of the Internet company based in Singapore’s stock worth $63,776,000 after buying an additional 196,506 shares during the last quarter. Finally, Kaizen Investment Management Pte. Ltd. purchased a new stake in shares of SEA during the third quarter valued at $587,544,000. Institutional investors and hedge funds own 59.53% of the company’s stock.

SEA Stock Performance

SE opened at $115.71 on Thursday. The company has a market cap of $66.23 billion, a price-to-earnings ratio of 771.40 and a beta of 1.52. The firm’s fifty day simple moving average is $98.75 and its two-hundred day simple moving average is $81.90. The company has a quick ratio of 1.60, a current ratio of 1.62 and a debt-to-equity ratio of 0.36. Sea Limited has a 52-week low of $34.35 and a 52-week high of $117.85.

SEA (NYSE:SE) last announced its earnings results on Tuesday, November 12th. The Internet company based in Singapore reported $0.24 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.59 by ($0.35). SEA had a return on equity of 1.40% and a net margin of 0.64%. The business had revenue of $4.33 billion for the quarter, compared to analyst estimates of $4.09 billion. During the same period last year, the firm earned ($0.26) EPS. The company’s revenue for the quarter was up 30.8% compared to the same quarter last year. Equities analysts anticipate that Sea Limited will post 0.81 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on SE shares. Phillip Securities reiterated a “reduce” rating and set a $100.00 price target (up previously from $80.00) on shares of SEA in a research note on Tuesday, November 19th. Dbs Bank upgraded SEA from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, November 13th. JPMorgan Chase & Co. upgraded shares of SEA from a “neutral” rating to an “overweight” rating and increased their price target for the stock from $66.00 to $90.00 in a report on Wednesday, August 14th. TD Cowen upped their price objective on shares of SEA from $69.00 to $100.00 and gave the company a “hold” rating in a report on Wednesday, November 13th. Finally, Benchmark raised their target price on shares of SEA from $94.00 to $130.00 and gave the stock a “buy” rating in a report on Wednesday, November 13th. One research analyst has rated the stock with a sell rating, two have given a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, SEA presently has a consensus rating of “Moderate Buy” and a consensus target price of $91.21.

SEA Company Profile

Sea Limited, together with its subsidiaries, engages in the digital entertainment, e-commerce, and digital financial service businesses in Southeast Asia, Latin America, rest of Asia, and internationally. It offers Garena digital entertainment platform for users to access mobile and PC online games, as well as promotes eSports operations.