M&T Bank Corp Purchases 71,214 Shares of Sea Limited (NYSE:SE)

M&T Bank Corp lifted its holdings in Sea Limited (NYSE:SE - Free Report) by 2,163.9% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 74,505 shares of the Internet company based in Singapore's stock after acquiring an additional 71,214 shares during the period. M&T Bank Corp's holdings in SEA were worth $7,024,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of SE. Raymond James & Associates grew its position in SEA by 36.1% during the second quarter. Raymond James & Associates now owns 109,994 shares of the Internet company based in Singapore's stock worth $7,856,000 after buying an additional 29,166 shares in the last quarter. Verdence Capital Advisors LLC bought a new position in shares of SEA in the second quarter worth $288,000. Bailard Inc. raised its stake in SEA by 39.9% in the second quarter. Bailard Inc. now owns 42,101 shares of the Internet company based in Singapore's stock valued at $3,007,000 after purchasing an additional 12,000 shares in the last quarter. Panagora Asset Management Inc. lifted its position in SEA by 13.3% during the second quarter. Panagora Asset Management Inc. now owns 392,925 shares of the Internet company based in Singapore's stock worth $28,063,000 after purchasing an additional 46,033 shares during the period. Finally, Principal Financial Group Inc. grew its stake in SEA by 624.1% during the second quarter. Principal Financial Group Inc. now owns 199,420 shares of the Internet company based in Singapore's stock worth $14,243,000 after buying an additional 171,880 shares in the last quarter. 59.53% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on SE. Dbs Bank upgraded shares of SEA from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, November 13th. Wedbush restated an "outperform" rating and set a $105.00 price objective (up from $84.00) on shares of SEA in a research report on Monday, November 4th. Bank of America upped their target price on SEA from $84.00 to $96.00 and gave the stock a "buy" rating in a research note on Monday, September 23rd. Phillip Securities reiterated a "reduce" rating and issued a $100.00 price target (up previously from $80.00) on shares of SEA in a research note on Tuesday, November 19th. Finally, Benchmark upped their price objective on SEA from $94.00 to $130.00 and gave the stock a "buy" rating in a research report on Wednesday, November 13th. One equities 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 company's stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $91.21.

SEA Trading Down 1.1 %

SE traded down $1.25 during trading on Monday, reaching $109.39. 3,347,347 shares of the company's stock were exchanged, compared to its average volume of 5,235,791. 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 Limited has a one year low of $34.35 and a one year high of $119.47. The firm has a fifty day moving average price of $106.46 and a two-hundred day moving average price of $87.55. The stock has a market capitalization of $62.61 billion, a PE ratio of 729.27 and a beta of 1.53.

SEA (NYSE:SE - Get Free Report) last issued its quarterly earnings data on Tuesday, November 12th. The Internet company based in Singapore reported $0.24 earnings per share for the quarter, missing the consensus estimate of $0.59 by ($0.35). The business had revenue of $4.33 billion during the quarter, compared to the consensus estimate of $4.09 billion. SEA had a return on equity of 1.40% and a net margin of 0.64%. The business's revenue for the quarter was up 30.8% compared to the same quarter last year. During the same period in the prior year, the firm earned ($0.26) EPS. As a group, equities research analysts forecast that Sea Limited will post 0.81 earnings per share for the current fiscal year.

SEA 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.