Janus Henderson Group PLC Acquires 49,043 Shares of Sea Limited (NYSE:SE)

Janus Henderson Group PLC raised its position in Sea Limited (NYSE:SE - Free Report) by 24.6% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 248,629 shares of the Internet company based in Singapore's stock after purchasing an additional 49,043 shares during the quarter. Janus Henderson Group PLC's holdings in SEA were worth $23,437,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the company. Baillie Gifford & Co. increased its position 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 buying an additional 5,295,590 shares during the last quarter. WCM Investment Management LLC increased its holdings in shares of SEA by 35.9% during 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 acquiring an additional 5,517,559 shares during the last quarter. Kaizen Investment Management Pte. Ltd. acquired a new position in shares of SEA during the 3rd quarter valued at about $587,544,000. Eminence Capital LP lifted its holdings in SEA by 45.2% in 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 purchasing an additional 1,408,314 shares during the last quarter. Finally, Prudential PLC boosted its position in SEA by 6.7% during the second quarter. Prudential PLC now owns 3,649,862 shares of the Internet company based in Singapore's stock worth $260,673,000 after purchasing an additional 229,500 shares during the period. 59.53% of the stock is owned by institutional investors and hedge funds.

SEA Price Performance

Shares of SE stock traded down $0.87 during mid-day trading on Friday, reaching $116.25. The company's stock had a trading volume of 4,952,348 shares, compared to its average volume of 4,577,134. The firm's 50-day moving average is $102.85 and its two-hundred day moving average is $84.43. The company has a market cap of $66.53 billion, a P/E ratio of 775.00 and a beta of 1.53. Sea Limited has a 1-year low of $34.35 and a 1-year high of $118.58. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.60 and a current ratio of 1.62.

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 (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 business had revenue of $4.33 billion during the quarter, compared to analyst estimates of $4.09 billion. During the same period last year, the company earned ($0.26) EPS. The business's revenue for the quarter was up 30.8% on a year-over-year basis. On average, research analysts predict that Sea Limited will post 0.81 earnings per share for the current year.

Wall Street Analyst Weigh In

SE has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. raised shares of SEA from a "neutral" rating to an "overweight" rating and lifted their price target for the company from $66.00 to $90.00 in a research report on Wednesday, August 14th. Phillip Securities reiterated a "reduce" rating and issued a $100.00 target price (up previously from $80.00) on shares of SEA in a report on Tuesday, November 19th. Wedbush restated 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. TD Cowen lifted their price objective on SEA from $69.00 to $100.00 and gave the stock a "hold" rating in a research note on Wednesday, November 13th. Finally, Benchmark increased their target price on SEA from $94.00 to $130.00 and gave the company a "buy" rating in a research note on Wednesday, November 13th. One analyst has rated the stock with a sell rating, two have given a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $91.21.

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.