iA Global Asset Management Inc. Reduces Holdings in Sea Limited (NYSE:SE)

iA Global Asset Management Inc. lessened its stake in Sea Limited (NYSE:SE - Free Report) by 22.2% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 47,902 shares of the Internet company based in Singapore's stock after selling 13,655 shares during the quarter. iA Global Asset Management Inc.'s holdings in SEA were worth $4,516,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also made changes to their positions in SE. Kaizen Investment Management Pte. Ltd. purchased a new position in shares of SEA in the 3rd quarter valued at about $587,544,000. WCM Investment Management LLC lifted its stake in SEA by 35.9% during 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 last quarter. Baillie Gifford & Co. lifted its stake in SEA by 15.5% during the third quarter. Baillie Gifford & Co. now owns 39,564,018 shares of the Internet company based in Singapore's stock worth $3,730,096,000 after purchasing an additional 5,295,590 shares during the last quarter. Eminence Capital LP lifted its stake in SEA by 45.2% during the second quarter. Eminence Capital LP now owns 4,522,441 shares of the Internet company based in Singapore's stock worth $322,993,000 after purchasing an additional 1,408,314 shares during the last quarter. Finally, Clearbridge Investments LLC purchased a new stake in SEA during the second quarter worth approximately $99,989,000. Hedge funds and other institutional investors own 59.53% of the company's stock.

SEA Price Performance

Shares of SE traded down $0.87 during trading hours on Friday, reaching $116.25. The company had a trading volume of 4,952,348 shares, compared to its average volume of 4,577,134. The firm has a 50 day simple moving average of $102.85 and a 200-day simple moving average of $84.36. 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 company has a market capitalization of $66.53 billion, a price-to-earnings ratio of 775.00 and a beta of 1.53. Sea Limited has a 12-month low of $34.35 and a 12-month high of $118.58.

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 analysts' consensus estimates of $0.59 by ($0.35). The company had revenue of $4.33 billion during the quarter, compared to analysts' expectations of $4.09 billion. SEA had a net margin of 0.64% and a return on equity of 1.40%. The business's revenue for the quarter was up 30.8% compared to the same quarter last year. During the same quarter in the prior year, the business earned ($0.26) EPS. Research analysts expect that Sea Limited will post 0.81 earnings per share for the current year.

Analyst Upgrades and Downgrades

SE has been the subject of several recent analyst reports. Barclays boosted their target price on SEA from $94.00 to $131.00 and gave the stock an "overweight" rating in a research note on Thursday, November 14th. TD Cowen boosted their price objective on SEA from $69.00 to $100.00 and gave the company a "hold" rating in a research note on Wednesday, November 13th. Dbs Bank upgraded shares of SEA from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, November 13th. Wedbush reiterated 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. Finally, JPMorgan Chase & Co. upgraded shares of SEA from a "neutral" rating to an "overweight" rating and increased their price target for the stock from $66.00 to $90.00 in a research note on Wednesday, August 14th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $91.21.

SEA Company 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.