Equitable Trust Co. reduced its stake in Sea Limited (NYSE:SE - Free Report) by 5.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 169,477 shares of the Internet company based in Singapore's stock after selling 10,582 shares during the quarter. SEA comprises 1.0% of Equitable Trust Co.'s holdings, making the stock its 24th largest holding. Equitable Trust Co.'s holdings in SEA were worth $17,982,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. WCM Investment Management LLC lifted its stake 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 valued at $1,971,303,000 after buying an additional 5,517,559 shares during the period. Perpetual Ltd lifted its stake in SEA by 3,033.0% in the fourth quarter. Perpetual Ltd now owns 2,098,003 shares of the Internet company based in Singapore's stock valued at $222,598,000 after buying an additional 2,031,038 shares during the period. Ninety One UK Ltd lifted its stake in SEA by 1,673.2% in the fourth quarter. Ninety One UK Ltd now owns 1,243,888 shares of the Internet company based in Singapore's stock valued at $131,977,000 after buying an additional 1,173,738 shares during the period. Robeco Institutional Asset Management B.V. lifted its stake in SEA by 1.8% in the third quarter. Robeco Institutional Asset Management B.V. now owns 404,096 shares of the Internet company based in Singapore's stock valued at $38,098,000 after buying an additional 7,175 shares during the period. Finally, M&T Bank Corp lifted its stake in SEA by 2,163.9% in the third quarter. M&T Bank Corp now owns 74,505 shares of the Internet company based in Singapore's stock valued at $7,024,000 after buying an additional 71,214 shares during the period. 59.53% of the stock is owned by institutional investors and hedge funds.
Analysts Set New Price Targets
SE has been the topic of several recent analyst reports. Dbs Bank raised SEA from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, November 13th. Wedbush reissued an "outperform" rating and issued a $105.00 price target (up from $84.00) on shares of SEA in a research note on Monday, November 4th. Benchmark upped their target price on SEA from $94.00 to $130.00 and gave the stock a "buy" rating in a research report on Wednesday, November 13th. Barclays upped their target price on SEA from $94.00 to $131.00 and gave the stock an "overweight" rating in a research report on Thursday, November 14th. Finally, Phillip Securities reaffirmed a "reduce" rating and set a $100.00 target price (up from $80.00) on shares of SEA in a research report on Tuesday, November 19th. One research analyst has rated the stock with a sell rating, two have issued a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $91.21.
View Our Latest Stock Report on SEA
SEA Stock Up 1.7 %
SEA stock traded up $2.28 during trading on Thursday, hitting $132.93. 3,589,135 shares of the company were exchanged, compared to its average volume of 3,446,178. The business's 50 day moving average is $115.07 and its 200 day moving average is $99.05. Sea Limited has a 52 week low of $41.76 and a 52 week high of $133.13. The company has a market capitalization of $76.08 billion, a P/E ratio of 886.18 and a beta of 1.55. 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 - Get Free Report) last announced its quarterly earnings results on Tuesday, November 12th. The Internet company based in Singapore reported $0.24 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.59 by ($0.35). SEA had a return on equity of 1.40% and a net margin of 0.64%. The company had revenue of $4.33 billion for the quarter, compared to the consensus estimate of $4.09 billion. During the same quarter last year, the company posted ($0.26) EPS. The company's quarterly revenue was up 30.8% compared to the same quarter last year. Analysts predict that Sea Limited will post 0.8 earnings per share for the current year.
SEA Company Profile
(
Free Report)
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.
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