Connor Clark & Lunn Investment Management Ltd. Sells 514,963 Shares of Sea Limited (NYSE:SE)

Connor Clark & Lunn Investment Management Ltd. trimmed its position in Sea Limited (NYSE:SE - Free Report) by 47.7% in the third quarter, according to its most recent filing with the SEC. The fund owned 565,473 shares of the Internet company based in Singapore's stock after selling 514,963 shares during the period. Connor Clark & Lunn Investment Management Ltd. owned 0.10% of SEA worth $53,313,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. Rosenberg Matthew Hamilton lifted its holdings in SEA by 213.7% in the third quarter. Rosenberg Matthew Hamilton now owns 298 shares of the Internet company based in Singapore's stock worth $28,000 after buying an additional 203 shares during the period. SOA Wealth Advisors LLC. purchased a new position in shares of SEA during the 2nd quarter valued at $32,000. Hexagon Capital Partners LLC increased its holdings in SEA by 63.1% in the 2nd quarter. Hexagon Capital Partners LLC now owns 654 shares of the Internet company based in Singapore's stock valued at $47,000 after acquiring an additional 253 shares during the last quarter. Canton Hathaway LLC increased its holdings in shares of SEA by 20.0% in the 2nd quarter. Canton Hathaway LLC now owns 1,200 shares of the Internet company based in Singapore's stock worth $86,000 after buying an additional 200 shares during the last quarter. Finally, Advisors Asset Management Inc. grew its holdings in SEA by 34.5% during the 1st quarter. Advisors Asset Management Inc. now owns 1,825 shares of the Internet company based in Singapore's stock valued at $98,000 after purchasing an additional 468 shares during the last quarter. 59.53% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the stock. Wedbush restated an "outperform" rating and set a $105.00 price target (up previously from $84.00) on shares of SEA in a research note on Monday, November 4th. Citigroup lowered their price objective on shares of SEA from $81.00 to $80.00 and set a "buy" rating for the company in a research note on Tuesday, July 23rd. Barclays lifted their price target on shares of SEA from $94.00 to $131.00 and gave the stock an "overweight" rating in a research note on Thursday, November 14th. TD Cowen lifted their target price on shares of SEA from $69.00 to $100.00 and gave the company a "hold" rating in a report on Wednesday, November 13th. Finally, Bank of America increased their price target on shares of SEA from $84.00 to $96.00 and gave the company a "buy" rating in a report on Monday, September 23rd. One analyst has rated the stock with a sell rating, two have issued a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, SEA presently has a consensus rating of "Moderate Buy" and an average price target of $91.21.

SEA Trading Up 0.7 %

SE stock traded up $0.78 on Wednesday, hitting $114.46. 3,917,639 shares of the company were exchanged, compared to its average volume of 5,413,035. Sea Limited has a twelve month low of $34.35 and a twelve month high of $117.52. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.62 and a quick ratio of 1.60. The stock has a market capitalization of $65.51 billion, a price-to-earnings ratio of 757.87 and a beta of 1.52. The business's fifty day moving average is $95.29 and its two-hundred day moving average is $80.19.

SEA (NYSE:SE - Get Free Report) last posted 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). The business had revenue of $4.33 billion for the quarter, compared to analyst estimates of $4.09 billion. SEA had a return on equity of 1.40% and a net margin of 0.64%. The firm's quarterly revenue was up 30.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned ($0.26) EPS. As a group, research analysts forecast that Sea Limited will post 0.8 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.