Sea Limited (NYSE:SE) Shares Bought by HighTower Advisors LLC

HighTower Advisors LLC grew its holdings in Sea Limited (NYSE:SE - Free Report) by 160.3% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 38,836 shares of the Internet company based in Singapore's stock after purchasing an additional 23,914 shares during the quarter. HighTower Advisors LLC's holdings in SEA were worth $3,669,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in SE. Baillie Gifford & Co. grew its holdings in shares of SEA by 15.5% in the third 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 purchasing an additional 5,295,590 shares during the period. WCM Investment Management LLC boosted its holdings in SEA by 35.9% in the 3rd 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 purchasing an additional 5,517,559 shares during the last quarter. Kaizen Investment Management Pte. Ltd. purchased a new stake in shares of SEA in the 3rd quarter valued at approximately $587,544,000. Eminence Capital LP increased its holdings in shares of 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 worth $322,993,000 after buying an additional 1,408,314 shares during the last quarter. Finally, Prudential PLC raised its position in shares of SEA by 6.7% during the 2nd quarter. Prudential PLC now owns 3,649,862 shares of the Internet company based in Singapore's stock valued at $260,673,000 after buying an additional 229,500 shares during the period. 59.53% of the stock is currently owned by institutional investors and hedge funds.

SEA Stock Up 0.5 %

SE traded up $0.60 during trading hours on Thursday, hitting $117.27. 2,322,172 shares of the company's stock were exchanged, compared to its average volume of 5,303,056. The firm has a market cap of $67.12 billion, a P/E ratio of 781.80 and a beta of 1.53. Sea Limited has a 12-month low of $34.35 and a 12-month high of $119.47. 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 50 day moving average of $104.41 and a 200 day moving average of $85.46.

SEA (NYSE:SE - Get Free Report) last posted its quarterly earnings data 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 company had revenue of $4.33 billion for the quarter, compared to analysts' expectations of $4.09 billion. SEA had a return on equity of 1.40% and a net margin of 0.64%. The firm's revenue was up 30.8% compared to the same quarter last year. During the same period in the prior year, the company posted ($0.26) EPS. Analysts predict that Sea Limited will post 0.81 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on SE shares. Barclays increased their price objective on SEA from $94.00 to $131.00 and gave the stock an "overweight" rating in a research report on Thursday, November 14th. Wedbush reiterated an "outperform" rating and set a $105.00 price target (up from $84.00) on shares of SEA in a report on Monday, November 4th. Dbs Bank upgraded shares of SEA from a "hold" rating to a "strong-buy" rating in a report on Wednesday, November 13th. Benchmark upped their target price on shares of SEA from $94.00 to $130.00 and gave the company a "buy" rating in a research report on Wednesday, November 13th. Finally, TD Cowen lifted their price target on shares of SEA from $69.00 to $100.00 and gave the company a "hold" rating in a research report on Wednesday, November 13th. One research analyst has rated the stock with a sell rating, two have issued a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, SEA currently has a consensus rating of "Moderate Buy" and an average price target of $91.21.

About SEA

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.