Sea Limited (NYSE:SE) Stock Holdings Lifted by Swedbank AB

Swedbank AB lifted its stake in shares of Sea Limited (NYSE:SE) by 82.8% in the 4th quarter, HoldingsChannel.com reports. The fund owned 262,084 shares of the Internet company based in Singapore’s stock after acquiring an additional 118,740 shares during the quarter. Swedbank AB’s holdings in SEA were worth $27,807,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Kaizen Investment Management Pte. Ltd. acquired a new position in SEA in the 3rd quarter worth approximately $587,544,000. WCM Investment Management LLC boosted its position in shares of SEA by 35.9% in the third 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 buying an additional 5,517,559 shares during the period. Baillie Gifford & Co. raised its position in SEA by 15.5% during the third 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 buying an additional 5,295,590 shares during the period. Perpetual Ltd lifted its stake in SEA by 3,033.0% in the 4th quarter. Perpetual Ltd now owns 2,098,003 shares of the Internet company based in Singapore’s stock worth $222,598,000 after acquiring an additional 2,031,038 shares in the last quarter. Finally, CoreView Capital Management Ltd boosted its position in SEA by 341.1% during the 3rd quarter. CoreView Capital Management Ltd now owns 1,996,376 shares of the Internet company based in Singapore’s stock worth $188,218,000 after acquiring an additional 1,543,743 shares during the period. 59.53% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages have recently weighed in on SE. Wedbush reissued an “outperform” rating and issued a $105.00 price target (up from $84.00) on shares of SEA in a research report on Monday, November 4th. Dbs Bank raised shares of SEA from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, November 13th. Barclays increased their price objective on SEA from $94.00 to $131.00 and gave the stock an “overweight” rating in a report on Thursday, November 14th. Benchmark boosted their target price on SEA from $94.00 to $130.00 and gave the company a “buy” rating in a research note on Wednesday, November 13th. Finally, TD Cowen upped their target price on SEA from $69.00 to $100.00 and gave the stock a “hold” rating in a research report on Wednesday, November 13th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, eleven have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, SEA has a consensus rating of “Moderate Buy” and an average target price of $91.21.

SEA Stock Up 1.3 %

SE opened at $123.45 on Friday. Sea Limited has a 1-year low of $38.10 and a 1-year high of $125.69. The business has a 50 day moving average of $112.98 and a 200-day moving average of $95.05. The stock has a market capitalization of $70.66 billion, a price-to-earnings ratio of 823.03 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 announced its quarterly earnings data on Tuesday, November 12th. The Internet company based in Singapore reported $0.24 EPS 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 for the quarter, compared to analyst estimates of $4.09 billion. During the same period in the prior year, the company posted ($0.26) EPS. The firm’s quarterly revenue was up 30.8% on a year-over-year basis. As a group, sell-side analysts anticipate that Sea Limited will post 0.76 earnings per share for the current year.

SEA Company 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.