Sea Limited (NYSE:SE) Stock Holdings Increased by Public Sector Pension Investment Board

Public Sector Pension Investment Board lifted its stake in Sea Limited (NYSE:SE) by 24.8% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 191,807 shares of the Internet company based in Singapore’s stock after purchasing an additional 38,100 shares during the quarter. Public Sector Pension Investment Board’s holdings in SEA were worth $18,084,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also made changes to their positions in the stock. Kaizen Investment Management Pte. Ltd. bought a new position in SEA in the 3rd quarter worth $587,544,000. WCM Investment Management LLC grew its position in SEA by 35.9% in 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. Baillie Gifford & Co. grew its position in SEA by 15.5% in the 3rd quarter. Baillie Gifford & Co. now owns 39,564,018 shares of the Internet company based in Singapore’s stock worth $3,730,096,000 after purchasing an additional 5,295,590 shares during the last quarter. Eminence Capital LP grew its position in SEA by 45.2% in the 2nd quarter. Eminence Capital LP now owns 4,522,441 shares of the Internet company based in Singapore’s stock worth $322,993,000 after purchasing an additional 1,408,314 shares during the last quarter. Finally, Clearbridge Investments LLC acquired a new stake in SEA during the second quarter worth about $99,989,000. 59.53% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

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

SEA Stock Up 1.6 %

NYSE SE opened at $115.71 on Friday. The firm has a market cap of $66.23 billion, a PE ratio of 771.40 and a beta of 1.52. Sea Limited has a one year low of $34.35 and a one year high of $117.85. The stock’s 50 day simple moving average is $99.42 and its 200 day simple moving average is $82.14. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.62 and a quick ratio of 1.60.

SEA (NYSE:SE) last posted its quarterly earnings data 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). The firm had revenue of $4.33 billion for the quarter, compared to analyst estimates of $4.09 billion. SEA had a return on equity of 1.40% and a net margin of 0.64%. The firm’s quarterly revenue was up 30.8% compared to the same quarter last year. During the same period in the prior year, the company posted ($0.26) EPS. As a group, sell-side analysts forecast that Sea Limited will post 0.81 earnings per share for the current fiscal year.

SEA 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.