Sea Limited (NYSE:SE) is Coronation Fund Managers Ltd.'s 4th Largest Position

Coronation Fund Managers Ltd. raised its holdings in shares of Sea Limited (NYSE:SE - Free Report) by 7.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,050,935 shares of the Internet company based in Singapore's stock after acquiring an additional 69,817 shares during the period. SEA comprises approximately 6.6% of Coronation Fund Managers Ltd.'s portfolio, making the stock its 4th biggest holding. Coronation Fund Managers Ltd. owned about 0.18% of SEA worth $111,504,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in the business. Rosenberg Matthew Hamilton grew its position in SEA by 213.7% during the 3rd quarter. Rosenberg Matthew Hamilton now owns 298 shares of the Internet company based in Singapore's stock worth $28,000 after acquiring an additional 203 shares during the last quarter. Truvestments Capital LLC purchased a new stake in shares of SEA during the third quarter valued at approximately $41,000. Icon Wealth Advisors LLC bought a new position in shares of SEA in the third quarter worth approximately $47,000. Geneos Wealth Management Inc. increased its stake in shares of SEA by 4,663.6% in the fourth quarter. Geneos Wealth Management Inc. now owns 524 shares of the Internet company based in Singapore's stock worth $56,000 after buying an additional 513 shares during the period. Finally, TD Private Client Wealth LLC raised its holdings in SEA by 33.7% during the 3rd quarter. TD Private Client Wealth LLC now owns 603 shares of the Internet company based in Singapore's stock valued at $57,000 after buying an additional 152 shares during the last quarter. 59.53% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

SE has been the subject of several research analyst reports. Dbs Bank upgraded SEA from a "hold" rating to a "strong-buy" rating in a report on Wednesday, November 13th. Wedbush restated an "outperform" rating and set a $105.00 target price (up previously from $84.00) on shares of SEA in a report on Monday, November 4th. Phillip Securities reiterated a "reduce" rating and issued a $100.00 price target (up from $80.00) on shares of SEA in a research note on Tuesday, November 19th. Barclays boosted their target price on SEA from $94.00 to $131.00 and gave the stock an "overweight" rating in a report on Thursday, November 14th. Finally, TD Cowen upped their price target on SEA from $69.00 to $100.00 and gave the company a "hold" rating in a report on Wednesday, November 13th. One analyst has rated the stock with a sell rating, two have given a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $91.21.

SEA Price Performance

SEA stock traded up $2.28 during mid-day trading on Thursday, hitting $132.93. The stock had a trading volume of 3,589,135 shares, compared to its average volume of 3,446,178. Sea Limited has a one year low of $41.76 and a one year high of $133.13. The company has a current ratio of 1.62, a quick ratio of 1.60 and a debt-to-equity ratio of 0.36. The firm has a market capitalization of $76.08 billion, a P/E ratio of 886.18 and a beta of 1.55. The firm's 50 day moving average is $115.07 and its 200 day moving average is $99.05.

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 EPS for the quarter, missing analysts' consensus estimates of $0.59 by ($0.35). SEA had a return on equity of 1.40% and a net margin of 0.64%. The business had revenue of $4.33 billion during the quarter, compared to analysts' expectations of $4.09 billion. During the same period in the prior year, the firm posted ($0.26) earnings per share. The firm's revenue for the quarter was up 30.8% on a year-over-year basis. On average, sell-side analysts forecast that Sea Limited will post 0.8 earnings per share for the current fiscal 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.