AIA Group Ltd Increases Stock Position in Sea Limited (NYSE:SE)

AIA Group Ltd lifted its holdings in Sea Limited (NYSE:SE - Free Report) by 9.0% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 604,683 shares of the Internet company based in Singapore's stock after acquiring an additional 49,970 shares during the period. SEA makes up approximately 1.5% of AIA Group Ltd's portfolio, making the stock its 11th biggest position. AIA Group Ltd owned approximately 0.11% of SEA worth $57,010,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Commonwealth Equity Services LLC lifted its position in SEA by 6.4% during the first quarter. Commonwealth Equity Services LLC now owns 9,997 shares of the Internet company based in Singapore's stock valued at $537,000 after purchasing an additional 597 shares during the last quarter. Duality Advisers LP bought a new position in shares of SEA during the first quarter valued at $845,000. SG Americas Securities LLC raised its position in SEA by 74.8% in the 1st quarter. SG Americas Securities LLC now owns 511,229 shares of the Internet company based in Singapore's stock worth $27,458,000 after buying an additional 218,764 shares during the last quarter. Oppenheimer Asset Management Inc. lifted its position in SEA by 2.9% during the first quarter. Oppenheimer Asset Management Inc. now owns 50,164 shares of the Internet company based in Singapore's stock valued at $2,694,000 after purchasing an additional 1,405 shares during the period. Finally, Highland Capital Management LLC purchased a new stake in shares of SEA during the 1st quarter valued at about $261,000. Institutional investors own 59.53% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts have issued reports on the company. Bank of America lifted their price objective on SEA from $84.00 to $96.00 and gave the stock a "buy" rating in a research note on Monday, September 23rd. Wedbush reissued an "outperform" rating and set a $105.00 target price (up previously from $84.00) on shares of SEA in a research report on Monday. Barclays lifted their price objective on shares of SEA from $87.00 to $94.00 and gave the stock an "overweight" rating in a research note on Thursday, August 15th. TD Cowen upped their target price on SEA from $64.00 to $69.00 and gave the company a "hold" rating in a research note on Wednesday, August 14th. Finally, Benchmark upped their price objective on SEA from $87.00 to $94.00 and gave the company a "buy" rating in a research report on Wednesday, August 14th. Three analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $82.54.

SEA Stock Down 1.9 %

NYSE:SE traded down $1.83 during trading hours on Friday, hitting $93.89. The company had a trading volume of 3,131,243 shares, compared to its average volume of 5,361,164. The company has a 50-day moving average of $91.10 and a 200 day moving average of $77.68. The company has a quick ratio of 1.48, a current ratio of 1.49 and a debt-to-equity ratio of 0.41. Sea Limited has a 1 year low of $34.35 and a 1 year high of $101.93.

SEA (NYSE:SE - Get Free Report) last announced its quarterly earnings results on Tuesday, August 13th. The Internet company based in Singapore reported $0.14 EPS for the quarter, missing the consensus estimate of $0.59 by ($0.45). SEA had a negative return on equity of 2.92% and a negative net margin of 1.36%. The company had revenue of $3.81 billion for the quarter, compared to analyst estimates of $3.73 billion. During the same quarter in the prior year, the business earned $0.54 earnings per share. SEA's revenue was up 23.0% compared to the same quarter last year. On average, analysts expect that Sea Limited will post 0.77 earnings per share 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.