Wasatch Advisors LP grew its holdings in shares of Sea Limited (NYSE:SE – Free Report) by 0.3% during the third quarter, Holdings Channel.com reports. The institutional investor owned 1,538,803 shares of the Internet company based in Singapore’s stock after purchasing an additional 4,758 shares during the quarter. Wasatch Advisors LP’s holdings in SEA were worth $145,078,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also recently modified their holdings of SE. Kaizen Investment Management Pte. Ltd. bought a new position in shares of SEA in the 3rd quarter worth $587,544,000. WCM Investment Management LLC lifted its holdings in shares of 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 in the last quarter. Baillie Gifford & Co. lifted its holdings in shares of 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 in the last quarter. Eminence Capital LP lifted its holdings in shares of 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 in the last quarter. Finally, Clearbridge Investments LLC bought a new position in shares of SEA in the 2nd quarter worth $99,989,000. 59.53% of the stock is currently owned by institutional investors.
Wall Street Analysts Forecast Growth
SE has been the topic of a number of recent research reports. Wedbush reiterated an “outperform” rating and issued a $105.00 target price (up from $84.00) on shares of SEA in a report on Monday, November 4th. Phillip Securities reiterated a “reduce” rating and issued a $100.00 target price (up from $80.00) on shares of SEA in a report on Tuesday, November 19th. Bank of America increased their price target on SEA from $84.00 to $96.00 and gave the company a “buy” rating in a research report on Monday, September 23rd. Barclays increased their price target on SEA from $94.00 to $131.00 and gave the company an “overweight” rating in a research report on Thursday, November 14th. Finally, JPMorgan Chase & Co. raised SEA from a “neutral” rating to an “overweight” rating and increased their price target for the company from $66.00 to $90.00 in a research report on Wednesday, August 14th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $91.21.
SEA Trading Down 1.7 %
Shares of SEA stock opened at $113.74 on Friday. Sea Limited has a 1 year low of $34.35 and a 1 year high of $117.85. The firm has a market cap of $65.10 billion, a PE ratio of 758.27 and a beta of 1.52. The stock has a fifty day moving average price of $100.60 and a 200-day moving average price of $82.71. 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 – Get Free Report) 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 net margin of 0.64% and a return on equity of 1.40%. The business had revenue of $4.33 billion for the quarter, compared to analysts’ expectations of $4.09 billion. During the same period in the prior year, the business earned ($0.26) earnings per share. The company’s revenue for the quarter was up 30.8% compared to the same quarter last year. Equities research analysts anticipate that Sea Limited will post 0.81 EPS for the current 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.
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