Cerity Partners LLC boosted its stake in shares of Sea Limited (NYSE:SE - Free Report) by 128.4% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 19,842 shares of the Internet company based in Singapore's stock after purchasing an additional 11,153 shares during the quarter. Cerity Partners LLC's holdings in SEA were worth $1,871,000 at the end of the most recent reporting period.
Other institutional investors have also recently added to or reduced their stakes in the company. Kaizen Investment Management Pte. Ltd. bought a new stake in SEA during the 3rd quarter valued at $587,544,000. WCM Investment Management LLC lifted its holdings in 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 purchasing an additional 5,517,559 shares during the period. 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 valued at $3,730,096,000 after buying an additional 5,295,590 shares in the last quarter. Eminence Capital LP increased its stake in SEA by 45.2% during the 2nd quarter. Eminence Capital LP now owns 4,522,441 shares of the Internet company based in Singapore's stock valued at $322,993,000 after buying an additional 1,408,314 shares during the period. Finally, Clearbridge Investments LLC acquired a new stake in shares of SEA in the 2nd quarter worth approximately $99,989,000. 59.53% of the stock is currently owned by institutional investors.
Analyst Upgrades and Downgrades
Several brokerages recently commented on SE. Phillip Securities reissued a "reduce" rating and set a $100.00 target price (up previously from $80.00) on shares of SEA in a report on Tuesday, November 19th. Bank of America upped their price objective on SEA from $84.00 to $96.00 and gave the company a "buy" rating in a report on Monday, September 23rd. JPMorgan Chase & Co. upgraded shares of SEA from a "neutral" rating to an "overweight" rating and boosted their price target for the stock from $66.00 to $90.00 in a research report on Wednesday, August 14th. Dbs Bank upgraded shares of SEA from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, November 13th. Finally, TD Cowen boosted their target price on shares of SEA from $69.00 to $100.00 and gave the stock a "hold" rating in a report on Wednesday, November 13th. One research analyst has rated the stock with a sell rating, two have issued a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $91.21.
Read Our Latest Stock Analysis on SE
SEA Stock Up 2.0 %
Shares of NYSE SE traded up $2.24 during mid-day trading on Tuesday, reaching $115.48. The company had a trading volume of 2,752,191 shares, compared to its average volume of 5,341,895. The stock has a fifty day moving average of $101.05 and a two-hundred day moving average of $83.22. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.60 and a current ratio of 1.62. Sea Limited has a 12-month low of $34.35 and a 12-month high of $117.85. The company has a market capitalization of $66.09 billion, a price-to-earnings ratio of 768.27 and a beta of 1.53.
SEA (NYSE:SE - Get Free Report) last issued 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 business's revenue was up 30.8% on a year-over-year basis. As a group, equities research analysts expect that Sea Limited will post 0.81 EPS for the current year.
SEA Profile
(
Free Report)
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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