45,441 Shares in Sea Limited (NYSE:SE) Acquired by SeaTown Holdings Pte. Ltd.

SeaTown Holdings Pte. Ltd. bought a new stake in shares of Sea Limited (NYSE:SE) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund bought 45,441 shares of the Internet company based in Singapore’s stock, valued at approximately $4,821,000. SEA accounts for 3.3% of SeaTown Holdings Pte. Ltd.’s investment portfolio, making the stock its 15th biggest position.

Other hedge funds also recently modified their holdings of the company. Kaizen Investment Management Pte. Ltd. acquired a new position in SEA during the third quarter valued at $587,544,000. WCM Investment Management LLC grew its stake 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 valued at $1,971,303,000 after acquiring an additional 5,517,559 shares in the last quarter. Baillie Gifford & Co. grew its stake in SEA by 15.5% during the 3rd quarter. Baillie Gifford & Co. now owns 39,564,018 shares of the Internet company based in Singapore’s stock valued at $3,730,096,000 after acquiring an additional 5,295,590 shares in the last quarter. CoreView Capital Management Ltd increased its holdings in shares of SEA by 341.1% in the 3rd quarter. CoreView Capital Management Ltd now owns 1,996,376 shares of the Internet company based in Singapore’s stock valued at $188,218,000 after purchasing an additional 1,543,743 shares during the period. Finally, Eminence Capital LP lifted its position in shares of SEA by 45.2% in the second 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. Hedge funds and other institutional investors own 59.53% of the company’s stock.

SEA Stock Up 3.1 %

SE opened at $115.13 on Friday. Sea Limited has a 1-year low of $34.64 and a 1-year high of $119.47. The business has a 50 day moving average of $111.05 and a 200-day moving average of $92.35. The stock has a market capitalization of $65.89 billion, a price-to-earnings ratio of 767.53 and a beta of 1.54. The company has a current ratio of 1.62, a quick ratio of 1.60 and a debt-to-equity ratio of 0.36.

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

Analyst Upgrades and Downgrades

SE has been the topic of several research reports. Wedbush reiterated an “outperform” rating and issued a $105.00 price objective (up previously from $84.00) on shares of SEA in a research note on Monday, November 4th. Phillip Securities restated a “reduce” rating and set a $100.00 price target (up from $80.00) on shares of SEA in a report on Tuesday, November 19th. Benchmark increased their price objective on SEA from $94.00 to $130.00 and gave the stock a “buy” rating in a report on Wednesday, November 13th. Bank of America boosted their target price on SEA from $84.00 to $96.00 and gave the company a “buy” rating in a research note on Monday, September 23rd. Finally, Dbs Bank raised SEA from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, November 13th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $91.21.

SEA Profile

Sea Ltd. is an internet and mobile platform company, which engages in the provision of online gaming services. It operates through the following segments: Digital Entertainment, E-Commerce, and Digital Financial Services. The Digital Entertainment segment offers and develops mobile and PC online games.